Barrington Research Cuts FY2023 Earnings Per Share Estimates for H&R Block,
May 16, 2023
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On Monday, Barrington Research released a report that drastically reduced their forecast for H&R ($NYSE:HRB) Block, Inc.’s earnings per share for the fiscal year 2023. Its services include online and in-person tax preparation, as well as audit defense and bookkeeping services. The report also noted that while digital tax filing has become more popular in the last few years, the current year could see a decrease in that trend as people may choose to file their taxes in person to ensure accuracy and get advice from professionals.
Earnings
Barrington Research recently announced its cuts to the FY2023 Earnings Per Share Estimates for H&R Block, Inc. According to the company’s third-quarter (Q3) earning report as of March 31, 2023, the total revenue earned by H&R Block was 2093.65 million US dollars (USD), with a net income of 643.43 million USD. In comparison to the previous year, the total revenue saw a 1.5% increase while net income dropped by 4.4%. Over the last three years, H&R Block’s total revenue has gone from 308.23 million USD to 2093.65 million USD.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for H&r Block. More…
| Total Revenues | Net Income | Net Margin |
| 3.49k | 474.13 | 13.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for H&r Block. More…
| Operations | Investing | Financing |
| 933.79 | -106.72 | -1.06k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for H&r Block. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.16k | 3.19k | -1.7 |
Key Ratios Snapshot
Some of the financial key ratios for H&r Block are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.3% | 6.8% | 20.2% |
| FCF Margin | ROE | ROA |
| 24.9% | -129.7% | 14.0% |
Price History
It is speculated that the lowering of EPS estimates could have been the cause for the decrease in stock price as investors may have lost confidence in the company’s future prospects. The research firm did not explain the reasons behind their decision to lower the EPS estimates. H&R Block will need to reassess their strategies and work on restoring investor confidence in order to improve their stock price going forward. Live Quote…
Analysis
At GoodWhale, we’ve conducted an analysis of H&R Block‘s financials and have given it a medium risk rating. We looked through its income sheet, balance sheet, and financial journal, and detected three risk warnings that could be indicative of potential issues. If you’re interested in learning more about these risks and how they could impact your investment, we suggest registering with us to get the full report. Our report will provide you with an in-depth look at the financials of H&R Block to help you make an informed decision about investing. More…
Peers
The company offers a variety of services, including online and in-person tax preparation, bookkeeping, and financial planning. H&R Block has a network of over 10,000 locations across the United States and Canada. The company’s competitors include Park Lawn Corp, StoneMor Inc, and XpresSpa Group Inc.
– Park Lawn Corp ($TSX:PLC)
Park Lawn Corporation is a provider of death care products and services in Canada and the United States. The company operates through three segments: Funeral, Cremation and Cemetery. It offers funeral and cemetery products and services, including caskets, urns, burial vaults, memorials, monuments, keepsakes, after-care, and pre-planning. The company also provides cremation products and services, such as cremation caskets and urns, as well as cremation jewellery. Park Lawn Corporation was founded in 1911 and is headquartered in Mississauga, Canada.
– StoneMor Inc ($NYSE:STON)
StoneMor Inc is a publicly traded death care company in the United States. It is headquartered in Trevose, Pennsylvania. The company was founded in 1996. StoneMor operates 301 cemeteries and 107 funeral homes in 27 states and Puerto Rico.
– XpresSpa Group Inc ($NASDAQ:XSPA)
As of 2022, XpresSpa Group Inc has a market cap of 65.62M. The company has a Return on Equity of -0.19%. XpresSpa Group Inc is a company that provides express spa services. The company offers a variety of services such as massages, facials, and manicures/pedicures.
Summary
Investors are taking a critical look at H&R Block, Inc. as analysts at Barrington Research have recently reduced their earnings per share estimates for the year 2023. Investors should consider the company’s financial and operational performance, competitive landscape, and market dynamics when analyzing their potential returns. They should also be aware of the risks associated with investing in H&R Block, such as changing regulations, economic conditions, and changing customer preferences. A thorough analysis of all of these factors is necessary for investors to make informed decisions about investing in the company.
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