H&R Block, Inc. (HRB Quick QuoteHRB - Free Report) reported fourth-quarter fiscal 2019 (ended Apr 30, 2019) EPS of $4.32, higher than the Zacks Consensus Estimate of $4.11. Earnings decreased 20.4% on a year-over-year basis.

How Was the Estimate Revision Trend?

Investors should note that the earnings estimate revisions for H&R Block depicted an optimistic picture prior to the earnings release. The Zacks Consensus Estimate for fourth-quarter fiscal 2019 increased 0.5% over the last 60 days.

The company has an impressive earnings history having outperformed the Zacks Consensus Estimate in three of the last four quarters with an average beat of 3.11%.

Revenues Higher Than Expected

H&R Block recorded total revenues of $2.33 billion which outperformed the Zacks Consensus Estimate of $2.32 billion but declined 2.5% year over year.

Key Stats to Note: H&R Block exited the quarter with cash and cash equivalents of $1.6 billion compared with $203.2 million at the end of the prior quarter.

H&R Block, Inc. Price

H&R Block, Inc. price | H&R Block, Inc. Quote

Zacks Rank: Currently, H&R Block has a Zacks Rank #4 (Sell) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.  

Check back later for our full write up on this H&R Block earnings report later!

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