H&R Block Q2 Adj EPS $(1.27) Beats $(1.56) Estimate, Sales $179.08M Beat $169.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
H&R Block (NYSE:HRB) reported Q2 adjusted EPS of $(1.27), surpassing the $(1.56) estimate, with sales of $179.08M also beating the $169.45M estimate. This represents a 7.3% increase in losses per share and a 7.62% increase in sales compared to the same period last year.
February 06, 2024 | 9:08 pm
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POSITIVE IMPACT
H&R Block reported a smaller than expected Q2 loss and higher sales, indicating a positive performance trend.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The improvement over last year's figures further strengthens the case for a positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100