HRB Earnings Prediction
The chart below shows how HRB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HRB sees a -0.73% change in stock price 10 days leading up to the earnings, and a +3.66% change 10 days following the report. On the earnings day itself, the stock moves by +0.14%. This data can give you a slight idea of what to expect for the next quarter's release.
HRB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
179.08M
7.62%
-2.57%
Gross Margin
-67.42%
-14.97%
64.00%
Operating Margin
-149.33%
-12.26%
33.02%
Net Margin
-105.60%
-20.44%
19.17%
EPS
-1.33
-8.28%
18.75%
No Data Available
HRB Earnings Analysis
H & R Block Inc Corporation (HRB.N) Earnings Conference Call
Positive
Stable Revenue Performance: Total revenue for the second quarter was $179 million, maintaining flat year-over-year performance despite challenges, indicating stability in the business.
Wave Segment Revenue Growth: Achieved a 15% revenue growth in the Wave segment, showcasing strong performance in subscription products and overall business strategy.
User Sign-Up Surge: Spruce, the mobile banking platform, saw a 55% increase in total sign-ups year-over-year, reaching 491,000 users, with customer deposits more than doubling, reflecting strong engagement and growth.
Share Repurchase Commitment: The company repurchased $190 million worth of shares in the quarter, totaling $400 million for the year, representing nearly 5% of the float, demonstrating a commitment to returning value to shareholders.
Tax Rate Impact on Profitability: The effective tax rate for the fiscal year is expected to be approximately 13%, lower than historical levels, providing a one-time benefit of approximately $0.50 to earnings per share, enhancing overall profitability.
Negative
Flat Revenue Performance: Total revenue for the second quarter was $179 million, flat compared to the prior year, primarily due to lower Emerald Advance volume.
Operating Expenses Increase: Total operating expenses increased by 6% to $472 million, driven by higher tax professional wages, healthcare costs, and occupancy costs, impacting overall profitability.
Quarterly Pretax Loss Increase: The pretax loss for the second quarter was $312 million, compared to a loss of $283 million in the prior year, indicating worsening financial performance.
EBITDA Loss Increase: The EBITDA loss increased to $261 million from $231 million year-over-year, reflecting a decline in operational efficiency.
Increased Loss per Share: Loss per share from continuing operations was $1.79, up from $1.33 in the previous year, indicating a deterioration in shareholder value.
HRB FAQs
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HRB Earning Call Sentiment
Earnings call transcript: H&R Block Q2 2024 reveals wider loss, shares dip
HRB.N
-1.65%Positive
The earnings call summary presents mixed signals. While there is a positive outlook on strategic initiatives and shareholder returns, financial performance shows flat revenue and increased losses. The Q&A reveals cautious sentiment regarding competition and IRS impacts, with management's vague responses not alleviating concerns. Share repurchases are a positive, but weak Emerald Advance performance and potential market share loss balance this out. Overall, these factors suggest a neutral market reaction.
