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

Zacks Equity Research

H&R Block, Inc. HRB is scheduled to report fourth-quarter fiscal 2019 results on Jun 11, before the bell.

The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters with an average positive earnings surprise of 3.1%.

The stock has gained 8.5% year to date, outperforming the 5.9% rally of the industry it belongs to.

How Things Are Shaping Up for the Announcement

The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $2.3 billion, indicating a year-over-year decline of 3.2%. The expected decline is likely to have been caused by weakness in the Assisted business due to elimination of the Free Federal 1040EZ promotion.

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H&R Block, Inc. Revenue (TTM)

 

H&R Block, Inc. Revenue (TTM)
H&R Block, Inc. Revenue (TTM)

H&R Block, Inc. revenue-ttm | H&R Block, Inc. Quote

The consensus mark for earnings is pegged at $4.11, indicating a year-over-year decline of 24.3%. Ongoing strategic investments in price, technology and operations will continue to weigh on the bottom line and offset the positive impacts of serving fewer Free EZ-type clients.

What Our Model Says

According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

H&R Block has an Earnings ESP of 0.00% and a Zacks Rank #4.

Stocks to Consider

Here are a few stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat estimates.

FLEETCOR Technologies FLT has an Earnings ESP of +0.09% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Delphi Technologies DLPH has an Earnings ESP of +2.11 and a Zacks Rank #3.

Booz Allen Hamilton BAH has an Earnings ESP of +0.66% and a Zacks Rank #3.

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Delphi Technologies PLC (DLPH) : Free Stock Analysis Report
 
FleetCor Technologies, Inc. (FLT) : Free Stock Analysis Report
 
Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report
 
H&R Block, Inc. (HRB) : Free Stock Analysis Report
 
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