H&R Block (HRB) To Report Q3 Earnings: What's In Store?
Zacks Investment Research | Mar 05, 2019 07:37AM ET
H&R Block, Inc. (NYSE:HRB) is scheduled to report third-quarter fiscal 2019 results on Mar 7, before the bell.
The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in all of the trailing four quarters with an average positive earnings surprise of 8.7%.
How Things are Shaping up for the Announcement?
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $461 million, indicating year-over-year decline of 5.5%. The expected decline is likely to be caused by weakness in the Assisted business due to discontinuation of Free EZ promotion.
The consensus mark for the bottom line is pegged at a loss of 83 cents, which indicates that loss will be narrow 54.3% year over year. 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.
Our Model Does Not Suggest a Beat
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 Original post
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