H&R BLOCK Reports Financial Results for Fourth Fiscal Quarter of FY2023

🌧️Earnings Overview

H&R BLOCK ($NYSE:HRB) released their financial results for their fourth fiscal quarter of FY2023 on June 30 2023, which showed total revenue of USD 1032.2 million – a decrease of 1.7% from the same period in the previous year. In contrast, their net income was up 35.7% to USD 302.3 million.

Market Price

The company’s stock opened at $35.2 and closed at $35.4, representing a 0.5% increase from its prior closing price of $35.2. Overall, H&R BLOCK had a successful fourth fiscal quarter of FY2023, reporting revenue and earnings growth, along with an increase in their stock price. The company is well-positioned to deliver value to investors in the upcoming quarter as well. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for H&r Block. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for H&r Block. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for H&r Block. More…

Key Ratios Snapshot

Some of the financial key ratios for H&r Block are shown below. More…

Analysis

At GoodWhale, we analyzed the fundamentals of H&R BLOCK and found that it was classified as a ‘rhino’ on our Star Chart; this is a type of company we conclude has achieved moderate revenue or earnings growth. H&R BLOCK is particularly attractive to dividend investors, as it has a high dividend score on our chart, as well as a strong profitability score. However, it lags a bit in terms of growth, making it a less attractive target for growth investors. Additionally, H&R BLOCK has a high health score of 9/10 considering its cashflows and debt, making it capable of safely riding out any crisis without the risk of bankruptcy. All in all, H&R BLOCK makes for an attractive long-term investment for dividend investors who are looking for steady returns. 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

H&R BLOCK reported their fourth fiscal quarter of FY2023 financial results on June 30 2023, showing a 1.7% decline in total revenue compared to the same period the previous year, however net income had increased by 35.7%. This is a positive sign for investors and suggests that the company is taking steps to address the drop in overall revenue. Longer-term, investors should consider H&R BLOCK as a potential investment opportunity due to its strong net income growth and its ability to remain profitable in the current economic environment.