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H&R Block (HRB) Partners Walmart for Bigger Consumer Base
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H&R Block, Inc. (HRB - Free Report) recently entered into a partnership with Wal-Mart Stores, Inc. (WMT - Free Report) , through which the former will sell exclusive do-it-yourself desktop tax software at all Walmart stores.
Becoming the sole tax software provider to the world's largest retailer is likely to give H&R Block a competitive advantage over its peers. H&R Block provides users with personalized tax filing facilities aided by free tax advise given by highly trained professionals. This partnership is expected to make it easy for customers to purchase H&R Block desktop software for their tax filing needs at economical prices.
Moreover, the company has upgraded its desktop software by adding a slew of new features. The drag and drop feature enables users to import previous tax information and tax returns from any source. In addition, a maximum of five free federal returns can be filed. Free In-person Audit Support including step by step assistance for IRS Correspondence Management, Audit Preparation and Audit Representation will also be provided. It includes the option to add Tax Identity Care service at an extra price which will protect clients from tax identity theft. By providing high quality services at such reduced rates or for free, H&R Block aims to increase its consumer base in the tax services market.
The company has been making various enhancements to its online digital tax software in order to improve monetization and conversion for the long run. The company has also been focused on operational excellence, new product developments, partnerships, compelling marketing campaigns and promotions. The company expects these efforts to result in improved financial performance in fiscal 2018 accompanied by an increase in client trajectory.
However, shares of the company have underperformed the industry in the last three months with an average gain of 7.3% compared with a rise of 10.1% for the latter.
Whether such collaborations can propel its shares remain to be seen.
AMC Entertainment has exceeded estimates thrice in the trailing four quarters with an average beat of 120.2%.
Royal Caribbean Cruises has an expected long-term earnings growth rate of 22.7%. It has exceeded estimates in each of the trailing four quarters with an average beat of 3.2%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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H&R Block (HRB) Partners Walmart for Bigger Consumer Base
H&R Block, Inc. (HRB - Free Report) recently entered into a partnership with Wal-Mart Stores, Inc. (WMT - Free Report) , through which the former will sell exclusive do-it-yourself desktop tax software at all Walmart stores.
Becoming the sole tax software provider to the world's largest retailer is likely to give H&R Block a competitive advantage over its peers. H&R Block provides users with personalized tax filing facilities aided by free tax advise given by highly trained professionals. This partnership is expected to make it easy for customers to purchase H&R Block desktop software for their tax filing needs at economical prices.
Moreover, the company has upgraded its desktop software by adding a slew of new features. The drag and drop feature enables users to import previous tax information and tax returns from any source. In addition, a maximum of five free federal returns can be filed. Free In-person Audit Support including step by step assistance for IRS Correspondence Management, Audit Preparation and Audit Representation will also be provided. It includes the option to add Tax Identity Care service at an extra price which will protect clients from tax identity theft. By providing high quality services at such reduced rates or for free, H&R Block aims to increase its consumer base in the tax services market.
The company has been making various enhancements to its online digital tax software in order to improve monetization and conversion for the long run. The company has also been focused on operational excellence, new product developments, partnerships, compelling marketing campaigns and promotions. The company expects these efforts to result in improved financial performance in fiscal 2018 accompanied by an increase in client trajectory.
However, shares of the company have underperformed the industry in the last three months with an average gain of 7.3% compared with a rise of 10.1% for the latter.
Whether such collaborations can propel its shares remain to be seen.
H&R Block currently has a Zacks Rank #4 (Sell). Better-ranked stocks in the industry include AMC Entertainment Holdings, Inc. (AMC - Free Report) and Royal Caribbean Cruises Ltd. (RCL - Free Report) , both carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AMC Entertainment has exceeded estimates thrice in the trailing four quarters with an average beat of 120.2%.
Royal Caribbean Cruises has an expected long-term earnings growth rate of 22.7%. It has exceeded estimates in each of the trailing four quarters with an average beat of 3.2%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>