H&R Block (HRB) Q4 Earnings & Revenues Top Estimates, Up Y/Y
Zacks Investment Research | Jun 12, 2018 09:19PM ET
H&R Block Inc. (NYSE:HRB) reported fourth-quarter fiscal 2018 (ended Apr 30, 2018) adjusted earnings from continuing operations of $5.43 per share, which surpassed the Zacks Consensus Estimate of $5.26. Results were driven by an increase in revenues during the quarter.
GAAP earnings from continuing operations came in at $5.47 per share compared with $3.79 in the year-ago quarter.
For fiscal 2018, the company reported adjusted earnings from continuing operations of $2.98 per share compared with $1.96 in the prior year. This improvement can be attributed H&R Block’s lower effective tax rate and improved pretax earnings.
Operational Performance
In the reported quarter, H&R Block’s revenues came in at $2,392.8 million compared with $2,327.9 million in the prior-year quarter. The top-line figure also outpaced the Zacks Consensus Estimate of $2,328 million.
H&R Block, Inc. Price, Consensus and EPS Surprise/h3
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