- H&R Block (NYSE:HRB) revenue of $308M for the quarter ended Jan. 31, 2021 trails the average analyst estimate of $351.2M and declines 41% Y/Y, hurt by a delayed start to the U.S. tax season and later-than-usual opening of IRS e-file.
- Fiscal Q3 adjusted loss per share of $1.17 vs. consensus estimate for a loss of $1.29 and widened from a loss of 59 cents per share in the year-ago quarter.
- HRB Chief Financial Officer Tony Bowen said the company is on target to deliver its financial outlook for the year.
- Q3 EBITDA of -$221M vs. Visible Alpha consensus of -$194.2M and -$107M in the year-ago quarter.
- Q3 total operating expenses declined 15 % Y/Y to $572M, primarily due to lower variable expenses related to the delayed start to the U.S. tax season, and reductions in travel, occupancy, and legal costs.
- Conference call at 4:30 PM ET.
- Previously (March 9): H&R Block EPS beats by $0.12, misses on revenue