Earnings Review - H&R Block

LONDON, September 11, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings research on H&R Block Inc. (NYSE: HRB). The company featured in the headlines on Wednesday, September 03, 2014, post the announcement of its financial results for Q1 FY15 ended July 31, 2014. During Q1 FY15, H&R Block Inc.'s revenue grew 5% on a Y-o-Y basis. Further, the company's net loss from continuing operations narrowed 4% Y-o-Y from Q1 FY14. Our free coverage report can be accessed at:

www.investor-edge.com/register

During Q1 FY15, H&R Block Inc.'s revenue increased to $133.59 million, from $127.20 million in the prior year period. The reported quarter revenue surpassed Bloomberg analysts' expectations of $130.40 million. The company's revenue increased primarily due to a 5-day extension by the Canadian Revenue Agency on completion of the Canadian tax season in the fiscal year, which was originally set to end on April 30, 2014. Further, H&R Block Inc.'s net losses from continuing operations during Q1 FY15 narrowed to $108.85 million, or $0.40 per share from losses of $113.27 million, or $0.42 per share in the year-ago quarter. Analysts from Bloomberg expected net loss of $110.75 million, or $0.41 per diluted share for Q1 FY15. On a non-GAAP basis, the company's adjusted loss per share from continuing operations during Q1 FY15 remained unchanged at $0.40. The free research on HRB can be downloaded as in PDF format at:

www.Investor-Edge.com/HRBFreeReport

The company's total operating expenses during the reported quarter increased to $308.72 million, from $306.75 million in Q1 FY14. Operating expense in its tax service segment increased 5% Y-o-Y to $280 million, driven by depreciation and amortization from planned office and technology upgrades, increased wages, and rise in occupancy costs. On the other hand, the total operating expenses in the company's corporate segment declined by $16 million from the previous year quarter to $30 million in the reported quarter, primarily on account of lower provisions for losses on mortgage loans held for investment and lower expenses related to the pending exit of HRB Bank.

The President and CEO of H&R Block, Bill Cobb, said that he is pleased with the progress made by the Company during this offseason in preparation for tax season 2015. He said that the company will continue its Tax Plus strategy to drive profitable growth and maximize the value offering to its clients. Mr. Cobb believes that the company has the right people, resources, and expertise to continue to provide best-in-class service to its clients, and to take advantage of the long-term opportunities that lie ahead. Sign up and read the free analyst's notes on HRB at:

www.Investor-Edge.com/HRB-11092014

The company had previously announced a quarterly cash dividend of 20 cents per share for its shareholders, which will be paid on October 01, 2014, to the stockholders as of record on September 09, 2014. The forthcoming dividend payment will be the company's 208^th consecutive quarterly dividend since it went public in 1962.

Stock Performance  

A day after the earnings release, on September 04, 2014, H&R Block Inc.'s stock shed 2.06% and ended the session at $32.81. The stock has declined further, and on the last close, Wednesday, September 10, 2014, it finished flat at $32.35. The stock vacillated between $32.17 and $32.55 during the last session. A total of 2.11 million shares were traded, slightly below its three months average volume of 2.14 million shares. Over the previous three trading sessions and over the last one month, the company's shares have lost 0.52% and 1.04%, respectively. However, the stock has gained 11.40% from the beginning of 2014. Further, H&R Block Inc.'s shares are trading above their 200-day moving average. The stock's 50-day moving average of $32.84 is above its 200-day moving average of $30.42. The stock traded at a PE ratio of 18.44 and has a Relative Strength Index (RSI) of 38.12. Visit Investor-Edge and access the latest research on HRB at:

www.Investor-Edge.com/HRBEarningsCoverage

Sneak Peek to Corporate Insider Trading  

In the last one month, H&R Block Inc. has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on HRB is available at:

www.Investor-Edge.com/HRBInsiderTrading

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