H&R Block (HRB) Tops Q4 EPS by 40c, Revenues Beat

H&R Block (NYSE: HRB) reported Q4 EPS of $3.01, $0.40 better than the analyst estimate of $2.61. Revenue for the quarter came in at $1.81 billion versus the consensus estimate of $1.74 billion.

• Impacts of the COVID-19 pandemic and the extension of the U.S. federal tax filing deadline until July 15th resulted in lower fiscal 2020 revenue and earnings compared to the prior year.
• The company ended the fiscal year with $2.7 billion1 in cash and announced a quarterly dividend of $0.26 per share.
• An update on full tax season results will be included as a part of the fiscal 2021 first quarter earnings call.

The company will provide an update on its complete tax season 2020 results during its fiscal 2021 first quarter earnings call.

“This has obviously been a challenging time for everyone, and I'm so proud of how our associates, tax pros, and franchisees responded in the face of the pandemic," said Jeff Jones, H&R Block's president and chief executive officer. "This has impacted our business and challenged us to be agile and innovative as we made broad changes to our operating model in order to continue to help our clients. We remain committed to transforming our business and will use this opportunity to reimagine our future.”

For earnings history and earnings-related data on H&R Block (HRB) click here.

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