H&R Block, Inc. (HRB - Free Report) is scheduled to report third-quarter fiscal 2019 results on Mar 7, before the bell.
The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in all of the trailing four quarters with an average positive earnings surprise of 8.7%.
How Things are Shaping up for the Announcement?
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $461 million, indicating year-over-year decline of 5.5%. The expected decline is likely to be caused by weakness in the Assisted business due to discontinuation of Free EZ promotion.
The consensus mark for the bottom line is pegged at a loss of 83 cents, which indicates that loss will be narrow 54.3% year over year. Ongoing strategic investments in price, technology and operations will continue to weigh on the bottom line and offset the positive impacts of serving fewer Free EZ-type clients.
Our Model Does Not Suggest a Beat
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
H&R Block has an Earnings ESP of -3.77% and a Zacks Rank #3.
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat estimates.
Everi Holdings Inc (EVRI - Free Report) has Earnings ESP of +20.00% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Knoll, Inc has Earnings ESP of +2.56% and a Zacks Rank #3.
Waste Management, Inc (WM - Free Report) has Earnings ESP of +1.08% and a Zacks Rank #3.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
H&R Block, Inc. (HRB - Free Report) is scheduled to report third-quarter fiscal 2019 results on Mar 7, before the bell.
The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in all of the trailing four quarters with an average positive earnings surprise of 8.7%.
How Things are Shaping up for the Announcement?
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $461 million, indicating year-over-year decline of 5.5%. The expected decline is likely to be caused by weakness in the Assisted business due to discontinuation of Free EZ promotion.
The consensus mark for the bottom line is pegged at a loss of 83 cents, which indicates that loss will be narrow 54.3% year over year. Ongoing strategic investments in price, technology and operations will continue to weigh on the bottom line and offset the positive impacts of serving fewer Free EZ-type clients.
Our Model Does Not Suggest a Beat
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
H&R Block has an Earnings ESP of -3.77% and a Zacks Rank #3.
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat estimates.
Everi Holdings Inc (EVRI - Free Report) has Earnings ESP of +20.00% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Knoll, Inc has Earnings ESP of +2.56% and a Zacks Rank #3.
Waste Management, Inc (WM - Free Report) has Earnings ESP of +1.08% and a Zacks Rank #3.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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