On August 12, H&R Block rose 14.86% in regular trading, trading at $53.65/share, with turnover of $213 million.
The surge was driven by the company's fiscal Q4 results that significantly exceeded market expectations, coupled with robust forward guidance. H&R Block reported adjusted EPS of $2.38, beating the consensus estimate of $2.21 by 7.69% and representing a 4.85% year-over-year increase. Revenue came in at $1.145 billion, surpassing the $1.118 billion estimate. The company issued full-year FY2027 EPS guidance of $6.04 to $6.24, well above the FactSet consensus of $5.86.
Following the results, Barrington Research raised its price target to $60 from $50 while maintaining an Outperform rating. Oppenheimer noted the company indicated similar growth prospects for FY2027 and highlighted that H&R Block favorably maintained share in the US Assisted category after years of lost market share, calling it key to future results.
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