H&R Block: Q2 Earnings Insights
Portfolio Pulse from Benzinga Insights
H&R Block (NYSE:HRB) reported Q2 earnings with an EPS of $-1.27, beating estimates by 18.59% against an expected $-1.56. Revenue increased by $12.68 million from the previous year. The company has a history of surpassing EPS estimates, as seen in the last quarter with a $0.07 beat and a subsequent 0.7% share price increase.
February 06, 2024 | 9:25 pm
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H&R Block reported a significant beat on Q2 earnings estimates with an EPS of $-1.27, surpassing the expected $-1.56. Revenue also saw a year-over-year increase, continuing its trend of beating earnings expectations.
H&R Block's better-than-expected Q2 earnings and revenue growth indicate strong operational performance. Historically, beating earnings estimates has led to positive short-term stock price movements for HRB, as evidenced by the 0.7% increase following last quarter's earnings beat. The consistent outperformance in earnings could lead to increased investor confidence and potentially drive the stock price up in the short term.
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