On August 15th 2023, H&R BLOCK ($NYSE:HRB) released their earnings report for the fourth quarter of the fiscal year 2023, which ended June 30th 2023. Revenue for the quarter amounted to USD 1032.2 million, a decline of 1.7% compared to the previous year. However, net income rose significantly by 35.7%, amounting to USD 302.3 million.
On Tuesday, H&R BLOCK reported strong fourth quarter earnings for FY2023. The company’s stock opened at $35.2 and closed at $35.4, up by 0.5% from its previous closing price of $35.2. The company’s strong fourth quarter performance was driven by a number of factors including higher tax preparation fees and increased demand for tax services. This growth was largely attributed to the company’s continued expansion into new markets and increased focus on digital offerings.
The company is pleased with the results and is optimistic about its future prospects, with plans to invest more in technology and new services going forward. This is good news for investors, as it shows that the company is well-positioned to capitalize on the current economic climate and expand its market share. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for H&r Block. More…
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Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for H&r Block. More…
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Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for H&r Block are shown below. More…
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At GoodWhale, we recently conducted an analysis of H&R BLOCK‘s wellbeing. After careful consideration of various financial and business aspects, we assigned a Risk Rating of “Medium” to this investment opportunity. We have also identified two risk warnings in H&R BLOCK’s income sheet and balance sheet which potential investors should consider with caution. Unfortunately, due to the confidential nature of this information, it is only available to registered users. Sign up today to find out more and to make an informed decision before investing. More…
Risk Rating Analysis
Star Chart Analysis
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 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.
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.
Investors looking to assess the performance of H&R Block have good news; Q4 FY2023 earnings reported on August 15 2023 showed that total revenue was USD 1032.2 million, a decrease of 1.7% compared to the same quarter last year. Net income, however, grew 35.7% to USD 302.3 million year over year. Overall, this is a positive result for the company and a good sign for investors looking to assess their potential returns from H&R Block.