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Why Is H&R Block (HRB) Up 0.6% Since Last Earnings Report?

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A month has gone by since the last earnings report for H&R Block (HRB - Free Report) . Shares have added about 0.6% in that time frame, underperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is H&R Block due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.

H&R Block Q4 Earnings Miss Estimate

H&R Block reported mixed results in the fourth quarter of fiscal 2025, with earnings missing the Zacks Consensus Estimate and revenues beating the same.

HRB reported adjusted earnings (adjusting 7 cents from non-recurring items) of $2.27 per share, which lagged the Zacks Consensus Estimate by 19.2% but gained 20.1% from the year-ago reported figure. However, total revenues of $1.11 billion beat the Zacks Consensus Estimate by 3.7% and increased 4.6% year over year.

HRB’s Quarterly Numbers

Revenues from U.S. tax preparation and related services were $975.5 million, up 5% year over year. Revenues from Financial services totaled $16.1 million, marking a year-over-year decline of 14.6%. International revenues of $89.9 million increased 1.3%. Wave revenues registered a jump of 14.4% to $29.54 million.

H&R Block exited the quarter with cash and cash equivalents of $210.28 million and $983.28 million at the end of fiscal 2025. Long-term debt was $1.14 billion compared with $1.49 billion in the June-end quarter of 2024. The company used $680.89 million of cash in operating activities, while capex was $82.03 million.

HRB’s FY25 Outlook

For fiscal 2026, H&R Block expects revenues in the band of $3.875-$3.895 billion.

The company expects adjusted earnings per share (EPS) in the range of $4.85-$5.00. HRB expects EBITDA between $1.015 million and $1.035 billion. The effective tax rate is expected to be 25%.

How Have Estimates Been Moving Since Then?

In the past month, investors have witnessed a downward trend in estimates review.

The consensus estimate has shifted -10.85% due to these changes.

VGM Scores

At this time, H&R Block has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. However, the stock has a grade of A on the value side, putting it in the top quintile for value investors.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. Interestingly, H&R Block has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.


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