H&R Block Inc. ($HRB) Stock Forecast: Down 5.9% Today

What is H&R Block Inc.?

H&R Block (HRB) is a tax preparation company that assists individuals and small businesses in filing their taxes. The company has been focusing on increasing its revenues and expanding its client base.

Why is H&R Block Inc. going down?

HRB stock is down 5.9% on Nov 8, 2024 19:16

• Despite surpassing revenue estimates, HRB reported a Q1 loss, hinting at potential operational challenges impacting profitability.
• The announcement of a quarterly cash dividend might have initially boosted investor sentiment, but the overall financial performance overshadowed this positive development.
• Year-over-year decline in earnings could have sparked worries regarding the company's future growth trajectory, resulting in a bearish market response.
• The market's reaction indicates investors are keen on monitoring HRB's capacity to enhance profitability and maintain revenue growth moving forward.

HRB Price Chart

HRB Technical Analysis

HRB News

H&R Block's Q1 Earnings Surpass Estimates, Revenues Increase Y/Y

HRB's first-quarter fiscal 2025 earnings decline year over year while revenues increase.

https://www.zacks.com/stock/news/2367706/hr-blocks-q1-earnings-surpass-estimates-revenues-increase-yy

H&R Block ( HRB ) Reports Q1 Loss, Tops Revenue Estimates

H&R Block (HRB) delivered earnings and revenue surprises of 3.31% and 2.66%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2366880/hr-block-hrb-reports-q1-loss-tops-revenue-estimates

H&R Block Announces Quarterly Cash Dividend - H&R Block ( NYSE:HRB )

KANSAS CITY, Mo., Nov. 06, 2024 ( GLOBE NEWSWIRE ) -- H&R Block, Inc. HRB ( the "Company" ) today announced that its Board of Directors declared a quarterly cash dividend of $0.375 cents per share, payable January 6, 2025, to shareholders of record as of December 5, 2024.

https://www.benzinga.com/pressreleases/24/11/g41788648/h-r-block-announces-quarterly-cash-dividend

H&R Block Gears Up to Report Q1 Earnings: What Should You Know?

HRB's top line is expected to have benefited from growth in paid clients and a positive trend in Assisted small business tax in first-quarter fiscal 2025.

https://www.zacks.com/stock/news/2365399/hr-block-gears-up-to-report-q1-earnings-what-should-you-know

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H&R Block Inc. Price History

16.07.2024 - HRB Stock was up 16.4%

• H&R Block stock surged to record highs following better-than-anticipated fiscal fourth-quarter results, indicating robust financial performance.
• The positive earnings report and higher-than-expected FY25 guidance announcement drove the significant increase in HRB shares.
• Investor sentiment was boosted by H&R Block's exceeding fourth-quarter results, dividend raise, and unveiling of a $1.5 billion buyback plan.
• The encouraging developments regarding H&R Block's financial performance and strategies spurred a notable surge in the stock price.

08.10.2024 - HRB Stock was down 5.4%

• HRB reported a Q1 loss, despite topping revenue estimates, which may have contributed to the bearish market movement.
• The announcement of a quarterly cash dividend could not offset the negative impact of the reported loss on investor sentiment.
• Despite expectations of growth in paid clients and positive trends in small business tax services, the actual Q1 results may have fallen short of market expectations, leading to the bearish movement in HRB's stock.

08.10.2024 - HRB Stock was down 5.9%

• Despite surpassing revenue estimates, HRB reported a Q1 loss, hinting at potential operational challenges impacting profitability.
• The announcement of a quarterly cash dividend might have initially boosted investor sentiment, but the overall financial performance overshadowed this positive development.
• Year-over-year decline in earnings could have sparked worries regarding the company's future growth trajectory, resulting in a bearish market response.
• The market's reaction indicates investors are keen on monitoring HRB's capacity to enhance profitability and maintain revenue growth moving forward.

16.07.2024 - HRB Stock was up 12.1%

• H&R Block experienced a surge in its shares following the release of better-than-expected fourth-quarter financial results and a promising outlook. This included a rise in quarterly dividends and a $1.5 billion stock repurchase authorization.
• The company's upbeat financial guidance for the full year, surpassing analyst predictions, contributed significantly to the stock's notable climb.
• Furthermore, H&R Block's proactive approach to repurchasing shares aimed at enhancing shareholder value bolstered investor confidence and drove the stock price upwards.
• In conclusion, H&R Block's robust quarterly performance and optimistic industry growth prospects, coupled with a focus on maintaining market share in the tax sector, were instrumental in today's bullish movement in the stock market.

16.07.2024 - HRB Stock was up 12.2%

• H&R Block (HRB) exceeded Q4 earnings and revenue estimates, demonstrating robust financial performance.
• A $1.5 billion share repurchase announcement potentially instilled confidence in investors regarding the company's future prospects.
• Positive sentiments around the stock, as highlighted by Rob Sechan, CEO of NewEdge Wealth, in a discussion on CNBC's "Halftime Report," likely contributed to its bullish momentum.
• Favorable overall market conditions, with key indexes like the Dow, S&P 500, and Nasdaq showing weekly gains, likely supported HRB's upward trajectory.

16.07.2024 - HRB Stock was up 13.9%

• H&R Block reported strong Q4 earnings and announced a significant $1.5 billion share repurchase program, signaling confidence in its financial performance and future prospects.
• The better-than-expected fiscal fourth-quarter results and upbeat earnings report contributed to a surge in H&R Block's stock price, reaching record highs.
• The positive market sentiment towards H&R Block was further boosted by the company issuing FY25 guidance above estimates, attracting investors seeking growth opportunities in the financial sector.
• The bullish movement in HRB's stock can be attributed to the market's positive reaction to the company's robust financial performance and strategic initiatives, positioning H&R Block as a top stock mover for the day.

16.07.2024 - HRB Stock was up 13.5%

• HRB stock experienced a strong bullish movement today.
• The bullish trend could be attributed to H&R Block's impressive Q4 2024 earnings report, where they beat both EPS and revenue estimates.
• Positive investor sentiment and focus on the stock, as indicated by premarket trading movements and earnings call transcripts, likely contributed to the bullish momentum.
• The overall optimistic market outlook and higher U.S. stock futures trading may have also played a role in HRB's upward movement today.

09.09.2024 - HRB Stock was down 1.1%

• HRB experienced a strong bearish movement today, possibly due to:
• Negative market sentiment towards the consumer discretionary sector.
• Poor financial performance or guidance from the company.
• Concerns about the upcoming tax season and its impact on HRB's revenue.
• A contrast with GDEV Inc. (GDEV) in the consumer discretionary sector highlighting relative underperformance by HRB, leading to increased selling pressure on the stock.

10.04.2024 - HRB Stock was up 8.3%

• Beat Q3 earnings and revenue estimates by 6.01% and 1.98% respectively.
• Stock surged by 47.86% compared to the previous year.
• Analysts predict quarterly earnings at $4.62 per share, up from $4.20 per share last year.
• Positive outlook and exceeding financial expectations are driving the bullish movement in HRB stock today.

10.04.2024 - HRB Stock was up 9.1%

• HRB stock demonstrated significant bullish movement recently.
• This positive trend is linked to H&R Block outperforming Q3 earnings and revenue expectations, showing a year-over-year increase.
• The company's remarkable financial performance and surpassing of financial projections have bolstered optimism surrounding the stock.
• Investors appear to be responding favorably to HRB's substantial Q3 profit growth and exceeding of estimates, reflecting confidence in the company's future outlook.

05.02.2024 - HRB Stock was down 5.4%

• The bearish movement in HRB stock could be attributed to the recent introduction of a free tax-filing tool by the IRS, known as Direct File, to compete with commercial providers like H&R Block and TurboTax.
• The expansion of the Direct File program to 12 states before the tax filing deadline may have raised concerns among investors about potential market share loss for companies like H&R Block.
• Additionally, the downgrade in HRB's stock rating from "buy" to "hold" could have also contributed to the negative sentiment and subsequent bearish movement.

28.04.2024 - HRB Stock was down 3.0%

• The bearish movement in HRB stock today could be attributed to profit-taking by investors after a period of strong performance.
• Despite the positive outlook on HRB's digital transformation and use of AI, market sentiment may have shifted due to broader economic concerns or sector rotation.
• Investors might be cautious about the sustainability of HRB's growth trajectory, leading to a temporary dip in the stock price.
• It's possible that some market participants are waiting for more concrete results from HRB's digital initiatives before committing further capital, contributing to the downward pressure on the stock.