H&R Block Sees FY25 EPS $5.15-$5.35 Vs 4.68 Est.; Revenue $3.69B-$3.75B Vs $3.67B Est.
Portfolio Pulse from Benzinga Newsdesk
H&R Block has provided its fiscal year 2025 outlook, projecting revenue between $3.69 billion and $3.75 billion, EBITDA between $975 million and $1.02 billion, and an effective tax rate of approximately 13%. The company expects adjusted diluted EPS to be in the range of $5.15 to $5.35, significantly higher than the $4.30 estimate.
August 15, 2024 | 8:26 pm
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POSITIVE IMPACT
H&R Block has provided a strong fiscal year 2025 outlook, with revenue and adjusted EPS projections significantly higher than estimates. The effective tax rate is expected to be positively impacted, contributing approximately 50 cents to EPS.
The strong revenue and EPS projections, along with a favorable effective tax rate, indicate a positive short-term impact on H&R Block's stock price. The projections are significantly higher than current estimates, which is likely to boost investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100