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H&R Block (HRB) Q3 Loss Narrows Year Over Year, Revenues Beat

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H&R Block, Inc. (HRB - Free Report) reported third-quarter fiscal 2019 (ended Jan 31, 2019) loss per share of 58 cents, higher than the Zacks Consensus Estimate of loss of 53 cents. Loss narrowed year over year by 58 cents.

How Was the Estimate Revision Trend?

Investors should note that the earnings estimate revisions for H&R Block depicted a pessimistic picture prior to the earnings release. The Zacks Consensus Estimate for third-quarter fiscal 2019 widened from a loss of 52 cents to a loss of 53 cents in the last 60 days.

The company has an impressive earnings history having outperformed the Zacks Consensus Estimate in all of the last four quarters with an average beat of 8.7%.

Revenues Higher Than Expected

H&R Block recorded total revenues of $468 million which outperformed the Zacks Consensus Estimate of $461 million.

H&R Block, Inc. Price

Key Stats to Note: H&R Block reaffirmed its fiscal 2019 outlook. H&R Block expects total revenues to be in the range of $3.05-$3.1 billion. The Zacks Consensus Estimate is pegged at $3.08 billion. EBITDA margin is expected to be between 24% and 26%.

Zacks Rank: Currently, H&R Block has a Zacks Rank #3 (Hold) 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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