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H&R Block (HRB) to Report Q4 Earnings: What's in Store?

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H&R Block, Inc. (HRB - Free Report) is scheduled to report its fourth-quarter fiscal 2024 results on Aug 15, after market close.

The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in the past four quarters, the surprise being 10.3%, on average.

H&R Block, Inc. Price and EPS Surprise

 

H&R Block, Inc. Price and EPS Surprise

H&R Block, Inc. price-eps-surprise | H&R Block, Inc. Quote

Q4 Expectations

The Zacks Consensus Estimate for revenues is pegged at $1 billion, indicating a marginal increase from the year-ago quarter’s actual. The top line is expected to have benefited from improvements in net average charge (NAC) in assisted and DIY tax preparation services and products.

Anticipated upward movement in DIY is likely to have been driven by growth in paid clients and NAC. A price increase, coupled with a mix shift among clients, is anticipated to have contributed toward revenue growth in the assisted tax preparation services and products.

Overall, HRB is expected to have continued progressing with Block Horizons 2025 — a five-year strategy focusing on using human expertise and technological infrastructure to drive innovation — in the quarter. This plan aims to build strong relationships with small businesses through Wave and Block Advisors; develop Emerald Card as a consumer-centric, mobile-first solution for the underbanked; and make taxation faster and more personalized by integrating human expertise with digital tools.

The consensus mark for earnings is pegged at $1.7 per share, suggesting a 16.6% decline on a year-over-year basis.

What Our Model Says

Our proven model does not conclusively predict an earnings beat for H&R Block this time around. 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 is not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

H&R Block has an Earnings ESP of 0.00% and a Zacks Rank #2.

You can see the complete list of today’s Zacks #1 Rank stocks here.

Earnings Snapshot of Peers

ICF International, Inc. (ICFI - Free Report) reported impressive second-quarter 2024 results.

ICFI’s quarterly earnings per share of $1.7 (excluding 33 cents from non-recurring items) beat the Zacks Consensus Estimate by 11.2% and gained 7.6% from the year-ago quarter. Total revenues of $512 million beat the Zacks Consensus Estimate by a slight margin and increased 2.4% year over year.

Equifax Inc. (EFX - Free Report) posted impressive second-quarter 2024 results.

EFX’s adjusted earnings (excluding 51 cents from non-recurring items) were $1.82 per share, outpacing the Zacks Consensus Estimate by 5.8% and increasing 6.4% on a year-over-year basis. Total revenues of $1.4 billion surpassed the consensus estimate by a slight margin and jumped 8.6% from the year-ago quarter.

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