H&R Block Q4 results tops estimates; lifts dividend 10%
Investing.com -- H&R Block reported Tuesday fiscal fourth-quarter results that topped Wall Street estimates, underpinned by pricing power in its assisted channel.
H&R Block Inc (NYSE:HRB) was up more than 6% in afterhours trading following the report.
The tax preparation company reported adjusted EPS of $2.05 on revenue of $1.03 billion, topping Wall Street estimates for $1.88 on revenue of $1.01 billion.
Revenue was driven by pricing power in the Assisted channel, the company said.
Looking to fiscal 2024 ahead, the company forecasts adjusted EPS in a range of $4.10 to $4.30, with revenue guided in a range of $3.53 billion to $3.59 billion. That compared with estimates of $4.01 on revenue of $3.57 billion.
The company also raised its dividend by 10%.
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