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H&R Block (HRB) Stock Moves -0.41%: What You Should Know

·3 min read

In the latest trading session, H&R Block (HRB) closed at $43.82, marking a -0.41% move from the previous day. This change was narrower than the S&P 500's 1.72% loss on the day. At the same time, the Dow lost 1.62%, and the tech-heavy Nasdaq gained 0.09%.

Prior to today's trading, shares of the tax preparer had lost 6.04% over the past month. This has was narrower than the Consumer Discretionary sector's loss of 10.47% and the S&P 500's loss of 9.09% in that time.

Wall Street will be looking for positivity from H&R Block as it approaches its next earnings report date. On that day, H&R Block is projected to report earnings of -$0.89 per share, which would represent a year-over-year decline of 14.1%. Our most recent consensus estimate is calling for quarterly revenue of $204.98 million, up 6.41% from the year-ago period.

HRB's full-year Zacks Consensus Estimates are calling for earnings of $3.78 per share and revenue of $3.55 billion. These results would represent year-over-year changes of +7.69% and +2.56%, respectively.

It is also important to note the recent changes to analyst estimates for H&R Block. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. H&R Block is currently a Zacks Rank #2 (Buy).

Investors should also note H&R Block's current valuation metrics, including its Forward P/E ratio of 11.64. This valuation marks a premium compared to its industry's average Forward P/E of 11.29.

We can also see that HRB currently has a PEG ratio of 0.93. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Consumer Services - Miscellaneous industry currently had an average PEG ratio of 1.81 as of yesterday's close.

The Consumer Services - Miscellaneous industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 91, which puts it in the top 37% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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