Consumer services

H&R Block Q1 2023 Earnings: EPS Exceeds Expectations

H&R Block (NYSE:HRB) First Quarter 2023 Results

Main financial results

  • Revenue: 180.0m USD (down 6.6% compared to 1Q 2022).
  • Net loss: $167.4 million (expanded loss of 11% compared to 1Q 2022).
  • Loss of $1.05 per share (further deteriorated from loss of $0.84 in 1Q 2022).
NYSE: HRB Earnings and Revenue Growth November 3, 2022

All figures shown in the table above are for the 12 month period (TTM)

H&R Block EPS Exceeds Expectations

Revenue is in line with analysts’ estimates. Earnings per share (EPS) beat analysts’ estimates by 2.8%.

Looking ahead, revenue is expected to grow 1.7% per year on average over the next 3 years, compared to a growth forecast of 8.8% for the US consumer services industry.

Performance of the American consumer services industry.

Shares of the company are down 5.5% from a week ago.

Risk analysis

We don’t want to rain too much on the parade, but we also found 3 warning signs for H&R Block which you must take into account.

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