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H&R Block Inc. ($HRB) Stock Forecast: Down 3.0% Today

Morpher AI identified a bearish signal. The stock price may continue to fall based on the momentum of the negative news.

What is H&R Block Inc.?

H&R Block (HRB) is a well-known tax preparation company that has been adapting to the digital age with a focus on enhancing customer experiences through technology.

Why is H&R Block Inc. going down?

HRB stock is down 3.0% on May 28, 2024 14:40

  • The bearish movement in HRB stock today could be attributed to profit-taking by investors after a period of strong performance.
  • Despite the positive outlook on HRB's digital transformation and use of AI, market sentiment may have shifted due to broader economic concerns or sector rotation.
  • Investors might be cautious about the sustainability of HRB's growth trajectory, leading to a temporary dip in the stock price.
  • It's possible that some market participants are waiting for more concrete results from HRB's digital initiatives before committing further capital, contributing to the downward pressure on the stock.

HRB Price Chart

HRB News

How H&R Block Is Embracing the Digital Age With Jill Cress

In this episode of The Speed of Culture podcast, host Matt Britton welcomes Jill Cress, chief marketing and experience officer at H&R Block, to discuss the tax preparer''s strategic pivot toward digital and mobile experiences, the impact of AI on consumer financial interactions, and insights into career longevity in the rapidly evolving tech landscape. The…

https://www.adweek.com/brand-marketing/hr-block-jill-cress-year-round-business/

News Article Image How H&R Block Is Embracing the Digital Age With Jill Cress

Here's Why H&R Block ( HRB ) Stock is a Great Pick Right Now

The main drivers of H&R Block's (HRB) post-pandemic performance are digital empowerment of business, client addition and retention, and greater usage of AI for product improvement.

https://www.zacks.com/stock/news/2278185/heres-why-hr-block-hrb-stock-is-a-great-pick-right-now

News Article Image Here's Why H&R Block  ( HRB )  Stock is a Great Pick Right Now

H&R Block Inc. Price History

28.04.2024 - HRB Stock was down 3.0%

  • The bearish movement in HRB stock today could be attributed to profit-taking by investors after a period of strong performance.
  • Despite the positive outlook on HRB's digital transformation and use of AI, market sentiment may have shifted due to broader economic concerns or sector rotation.
  • Investors might be cautious about the sustainability of HRB's growth trajectory, leading to a temporary dip in the stock price.
  • It's possible that some market participants are waiting for more concrete results from HRB's digital initiatives before committing further capital, contributing to the downward pressure on the stock.

10.04.2024 - HRB Stock was up 9.1%

  • HRB stock demonstrated significant bullish movement recently.
  • This positive trend is linked to H&R Block outperforming Q3 earnings and revenue expectations, showing a year-over-year increase.
  • The company's remarkable financial performance and surpassing of financial projections have bolstered optimism surrounding the stock.
  • Investors appear to be responding favorably to HRB's substantial Q3 profit growth and exceeding of estimates, reflecting confidence in the company's future outlook.

10.04.2024 - HRB Stock was up 8.3%

  • Beat Q3 earnings and revenue estimates by 6.01% and 1.98% respectively.
  • Stock surged by 47.86% compared to the previous year.
  • Analysts predict quarterly earnings at $4.62 per share, up from $4.20 per share last year.
  • Positive outlook and exceeding financial expectations are driving the bullish movement in HRB stock today.

05.02.2024 - HRB Stock was down 5.4%

  • The bearish movement in HRB stock could be attributed to the recent introduction of a free tax-filing tool by the IRS, known as Direct File, to compete with commercial providers like H&R Block and TurboTax.
  • The expansion of the Direct File program to 12 states before the tax filing deadline may have raised concerns among investors about potential market share loss for companies like H&R Block.
  • Additionally, the downgrade in HRB's stock rating from "buy" to "hold" could have also contributed to the negative sentiment and subsequent bearish movement.

04.02.2024 - HRB Stock was up 6.0%

  • The bullish movement in HRB stock could be attributed to the anticipation and positive sentiment surrounding the IRS's free tax filing tool, Direct File, which is set to launch in 12 states. This program poses a potential threat to commercial tax preparation providers like TurboTax and H&R Block, but investors may view it as an opportunity for increased market penetration and customer acquisition for H&R Block.
  • The downgrade in HRB's stock rating by a financial analysis website from "buy" to "hold" might have initially caused some uncertainty in the market. However, investors seem to have focused more on the long-term growth potential of the company, especially with the upcoming changes in the tax filing landscape.
  • The mention of retirement stocks for new investors in financial discussions may have indirectly influenced the positive sentiment towards HRB, as tax preparation services become increasingly important for individuals planning for their financial future. This broader market trend could have contributed to the bullish movement in HRB stock today.

23.01.2024 - HRB Stock was up 5.1%

  • Increasing interest in value stocks such as HRB reflects a shift from overvalued growth stocks.
  • Small-cap value stocks like HRB are attracting attention for their growth and income potential.
  • Investors are encouraged to research thoroughly to avoid value traps and secure sustainable growth opportunities in companies like HRB.
  • The emphasis on small-cap value stocks demonstrates a strategic diversification approach for long-term investment gains amid a market favoring high-flying stocks.

07.01.2024 - HRB Stock was down 5.5%

  • The bearish movement in HRB today could be attributed to the following factors:
  • 1. Earnings Beat Estimates: Despite reporting strong earnings and revenue growth in the second quarter of fiscal 2024, the market may have had higher expectations for H&R Block's performance, leading to a sell-off of the stock.
  • 2. Retirement of Mr. Bowen: The announcement of the retirement of H&R Block's Chief Financial Officer, Mr. Bowen, could have raised concerns among investors about the company's future financial management and stability, leading to a negative sentiment towards the stock.
  • 3. Lack of Earnings Call Summary: The absence of a summary for H&R Block's Q2 2024 earnings call may have left investors without clear insights into the company's financial performance and future prospects, causing uncertainty and contributing to the bearish movement.
  • Overall, the combination of high market expectations, concerns about leadership changes, and lack of clarity on earnings call details could have contributed to the bearish movement in HRB today.

07.01.2024 - HRB Stock was down 8.6%

  • H&R Block reported growth and reaffirmed its outlook for the fiscal year 2024. This positive news should have had a bullish effect on the stock.
  • However, the retirement announcement of Mr. Bowen, the Chief Financial Officer, might have caused some uncertainty and contributed to the bearish movement.
  • Additionally, H&R Block reported a loss for the second quarter, although it beat revenue estimates. This mixed financial performance could have also influenced the bearish market movement.
  • Overall, the combination of positive growth outlook, retirement announcement, and mixed financial results likely contributed to the bearish movement of H&R Block stock.

09.10.2023 - HRB Stock was up 5.8%

  • H&R Block's Q1 earnings and revenues beat estimates, indicating positive financial performance.
  • The introduction of the Emerald Advance Loan, providing a loan of up to $1,300 with flexible payment terms, may have attracted more customers and boosted revenue.
  • The earnings call reported a 2% revenue increase and reiterated the company's outlook for the fiscal year, further instilling confidence in investors.
  • The better-than-expected non-GAAP EPS and revenue figures also contributed to the bullish movement, surpassing market expectations.

17.07.2023 - HRB Stock was up 5.3%

  • H&R Block had a strong bullish movement today, with the stock gapping up 5.9% in after-hours trading.
  • The company's strong year guide and above-consensus profit for its fiscal Q4 contributed to the bullish market movement.
  • Positive financial results and guidance often drive investor confidence and lead to increased buying interest in a stock.
  • The positive market sentiment towards H&R Block may also be influenced by the overall mixed performance of U.S. stocks, with the Dow Jones gaining close to 100 points.

15.07.2023 - HRB Stock was up 6.2%

  • H&R Block's stock had a strong bullish movement today.
  • The company is scheduled to announce its Q4 earnings results, with expectations of a 31.5% year-over-year increase in EPS.
  • There is increasing optimism among Democrats about the IRS's plan to offer free tax prep software, which could potentially break the stranglehold of paid programs like H&R Block and TurboTax.
  • This news about the IRS's plan may have contributed to the bullish movement in H&R Block's stock, as investors see the potential for increased competition and market disruption in the tax preparation industry.

05.06.2023 - HRB Stock was down 2.1%

  • The bearish movement in HRB's stock today can be attributed to the news article about senators probing whether HRB and other companies avoided overtime pay by calling employees 'managers'. This negative attention and potential investigation could have caused investors to lose confidence in the company's practices, leading to a sell-off of HRB shares.

15.04.2023 - HRB Stock was down 8.7%

  • H&R Block's stock fell 8% premarket on Monday, ahead of the release of a government report on a proposal to let the IRS allow people to prepare and file their taxes electronically and for free.
  • The proposal, if approved, would eat into the revenue of tax preparation companies like H&R Block and TurboTax parent Intuit, which was also down 4%.
  • Despite the bearish movement, H&R Block was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Thursday.
  • H&R Block's Q3 earnings missed estimates but increased year over year.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.