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H&R Block (HRB)
NYSE:HRB
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-$1.59Last Year’s EPS
-$1.27Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -13.08%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Neutral
H&R Block demonstrated strong growth in revenue and strategic areas such as small business and mobile banking. However, increased operating expenses and ongoing legal challenges negatively impacted financial performance. The company remains optimistic about future growth opportunities and strategic initiatives.Company Guidance
During H&R Block's Q1 2025 earnings call, the company reaffirmed its fiscal 2025 outlook, highlighting a 5% revenue growth in the first quarter and successful conversion of a higher percentage of Assisted extensions into filings. They reported significant achievements in their strategic imperatives, including double-digit revenue growth in small business tax services and a 10% increase in revenue for Wave. The mobile banking platform, Spruce, surpassed $1 billion in customer deposits, with nearly 50% of these deposits from non-tax sources in fiscal '24. The company also repurchased approximately $210 million of shares in Q1. Operating expenses increased by 8%, primarily due to higher tax professional wages and legal costs, resulting in a pretax loss of $232 million. However, they maintain a positive outlook, supported by strategic technological advancements, including the AI Tax Assist tool, and a continued focus on enhancing client experience through both digital and in-person channels.Revenue Growth and Strategic Progress
H&R Block delivered a 5% revenue growth in Q1 2025, reaffirming their fiscal '25 outlook. The company made progress across all Block Horizons strategic imperatives, including operational and technical enhancements to improve client experience.
Small Business and Wave Success
Assisted small business tax saw double-digit revenue growth, and Wave experienced 10% revenue growth. Positive trends were noted in bookkeeping, payroll services, and new product adoption, exceeding initial expectations.
Spruce Mobile Banking Milestone
Spruce, H&R Block's mobile banking platform, surpassed $1 billion in customer deposits, with nearly 50% of deposits coming from nontax sources in fiscal '24. This milestone reflects strong sign-up trends and growth potential.
Innovation in Client Experience
H&R Block enhanced its DIY channel with AI Tax Assist, using ChatGPT 4.0 for improved accuracy. The company also won multiple awards for its tax software products, highlighting leadership and client trust.
Share Repurchase and Dividend Increase
H&R Block repurchased $210 million in shares and increased its dividend by 17%. Since 2016, the dividend has risen by 88%, reflecting strong capital allocation practices.
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HRB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HRB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $62.95 | $58.80 | -6.59% |
| Aug 15, 2024 | $56.79 | $63.66 | +12.10% |
| May 09, 2024 | $48.29 | $52.55 | +8.82% |
| Feb 06, 2024 | $46.16 | $45.29 | -1.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does H&R Block (HRB) report earnings?
H&R Block (HRB) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is H&R Block (HRB) earnings time?
H&R Block (HRB) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HRB EPS forecast?
HRB EPS forecast for the fiscal quarter 2025 (Q2) is -$1.59.
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