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H&R Block (HRB) to Report Q3 Earnings: What's in the Offing?
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H&R Block, Inc. (HRB - Free Report) is scheduled to report third-quarter fiscal 2021 results on Mar 9, after market close. The company has a trailing four-quarter earnings surprise of 5.55%, on average.
Expectations This Time Around
Higher expenses, lower tax rate and lower shares outstanding are likely to have put pressure on the company’s fiscal third-quarter fiscal bottom line.
The Zacks Consensus Estimate for the bottom line is pegged at a loss of $1.25, indicating deterioration from a loss of 59 cents in the year-ago quarter. In second-quarter fiscal 2021, the company reported adjusted loss per share of $1.09 per share compared with loss of 85 cents per share in the year-ago quarter.
The Zacks Consensus Estimate for revenues is pegged at $228 .4 million, indicating year-over-year decline of 56%. In second-quarter fiscal 2021, revenues of $177 million increased 9.8% year over year.
What Our Model Says
Our proven Zacks model does not conclusively predict an earnings beat for H&R Block this season. The combination of a positive Earnings ESP, and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Rollins’ (ROL - Free Report) fourth-quarter 2020 adjusted earnings of 13 cents per share came ahead of the consensus estimate as well as the year-ago quarter’s figure by 18.2%. Revenues of $536.3 million beat the consensus mark by 1.7% and rose 6% year over year.
IHS Markit’s fourth-quarter fiscal 2020 adjusted earnings per share of 72 cents beat the Zacks Consensus Estimate by 7.5% and increased 11% on a year-over-year basis. Total revenues came in at $1.11 billion, marginally missing the consensus mark and declining 1% from the year-ago quarter’s levels on a reported basis.
Automatic Data Processing’s (ADP - Free Report) second-quarter fiscal 2021 adjusted earnings per share of $1.52 beat the consensus mark by 17.8% and were flat year over year. Total revenues of $3.69 billion beat the consensus mark by 3.2% and moved up 0.7% year over year.
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Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >>
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H&R Block (HRB) to Report Q3 Earnings: What's in the Offing?
H&R Block, Inc. (HRB - Free Report) is scheduled to report third-quarter fiscal 2021 results on Mar 9, after market close. The company has a trailing four-quarter earnings surprise of 5.55%, on average.
Expectations This Time Around
Higher expenses, lower tax rate and lower shares outstanding are likely to have put pressure on the company’s fiscal third-quarter fiscal bottom line.
WEX Inc. Price and EPS Surprise
WEX Inc. price-eps-surprise | WEX Inc. Quote
The Zacks Consensus Estimate for the bottom line is pegged at a loss of $1.25, indicating deterioration from a loss of 59 cents in the year-ago quarter. In second-quarter fiscal 2021, the company reported adjusted loss per share of $1.09 per share compared with loss of 85 cents per share in the year-ago quarter.
The Zacks Consensus Estimate for revenues is pegged at $228 .4 million, indicating year-over-year decline of 56%. In second-quarter fiscal 2021, revenues of $177 million increased 9.8% year over year.
What Our Model Says
Our proven Zacks model does not conclusively predict an earnings beat for H&R Block this season. The combination of a positive Earnings ESP, and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the odds of an earnings beat. But that’s not the case here. 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 -8.97% and carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Performance of Other Business Services Companies
Rollins’ (ROL - Free Report) fourth-quarter 2020 adjusted earnings of 13 cents per share came ahead of the consensus estimate as well as the year-ago quarter’s figure by 18.2%. Revenues of $536.3 million beat the consensus mark by 1.7% and rose 6% year over year.
IHS Markit’s fourth-quarter fiscal 2020 adjusted earnings per share of 72 cents beat the Zacks Consensus Estimate by 7.5% and increased 11% on a year-over-year basis. Total revenues came in at $1.11 billion, marginally missing the consensus mark and declining 1% from the year-ago quarter’s levels on a reported basis.
Automatic Data Processing’s (ADP - Free Report) second-quarter fiscal 2021 adjusted earnings per share of $1.52 beat the consensus mark by 17.8% and were flat year over year. Total revenues of $3.69 billion beat the consensus mark by 3.2% and moved up 0.7% year over year.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>