Financial firm H&R Block Inc. revealed a year-on-year increase in their third-quarter earnings, outperforming Wall Street predictions.
The company’s net profit amounted to $690.74 million, rendering an earning of $4.86 per share. This represents a significant increase in comparison to the $643.43 million or $4.12 per share they posted in the equivalent quarter of the previous year.
When excluding certain factors, H&R Block's adjusted earnings for the period stood at $701.62 million or $4.94 per share. Analysts, when averaged, had predicted earnings of $4.61 per share. Note that these forecasts commonly disclude special items.
H&R Block's quarterly revenue grew 4.3% to $2.18 billion, up from $2.09 billion the previous year.
In summary, H&R Block's earnings for the third quarter in GAAP included:
- Earnings (Q3): $690.74 million, up from $643.43 million the previous year.
- EPS (Q3): $4.86, up from $4.12 the previous year.
- Revenue (Q3): $2.18 billion, up from $2.09 billion the previous year.
Looking ahead, H&R Block's guidance for the full-year projected EPS is between $4.10 to $4.30. In terms of revenue, the financial firm forecasts a target between $3.530 billion and $3.585 billion for the year.