What is Zacks Research’s Forecast for H&R Block Q1 Earnings?

H&R Block, Inc. (NYSE:HRB) – Zacks Research increased their Q1 2028 EPS estimates for H&R Block in a research note issued to investors on Tuesday, February 24th. Zacks Research analyst Team now expects that the company will post earnings of ($1.22) per share for the quarter, up from their previous forecast of ($1.31). The consensus estimate for H&R Block’s current full-year earnings is $5.25 per share. Zacks Research also issued estimates for H&R Block’s Q2 2028 earnings at ($1.88) EPS.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported ($1.84) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.96) by $0.12. H&R Block had a net margin of 16.19% and a negative return on equity of 176.02%. The company had revenue of $198.87 million for the quarter, compared to the consensus estimate of $187.36 million. During the same period last year, the firm posted ($1.73) EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS.

Several other research firms have also commented on HRB. The Goldman Sachs Group lowered their target price on H&R Block from $48.00 to $32.00 and set a “sell” rating for the company in a report on Friday, February 6th. Barrington Research lowered their price objective on H&R Block from $62.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Finally, Weiss Ratings upgraded H&R Block from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $41.00.

H&R Block Stock Performance

Shares of NYSE HRB opened at $30.62 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 12.86. The firm’s 50-day moving average price is $38.13 and its two-hundred day moving average price is $44.81. H&R Block has a 52-week low of $28.16 and a 52-week high of $64.62. The stock has a market capitalization of $3.88 billion, a P/E ratio of 7.07, a P/E/G ratio of 0.49 and a beta of 0.36.

H&R Block Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Wednesday, March 4th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, March 4th. H&R Block’s dividend payout ratio (DPR) is 38.80%.

Institutional Investors Weigh In On H&R Block

Several institutional investors have recently bought and sold shares of HRB. Stratos Wealth Advisors LLC purchased a new position in H&R Block during the 3rd quarter valued at about $2,244,000. Neo Ivy Capital Management purchased a new position in H&R Block during the second quarter valued at approximately $1,004,000. Prudential Financial Inc. increased its stake in H&R Block by 31.1% in the 2nd quarter. Prudential Financial Inc. now owns 99,666 shares of the company’s stock valued at $5,948,000 after buying an additional 23,624 shares during the period. Allworth Financial LP lifted its position in H&R Block by 64.8% in the 2nd quarter. Allworth Financial LP now owns 4,979 shares of the company’s stock worth $273,000 after buying an additional 1,957 shares in the last quarter. Finally, Alps Advisors Inc. lifted its position in H&R Block by 32.5% in the 3rd quarter. Alps Advisors Inc. now owns 411,450 shares of the company’s stock worth $20,807,000 after buying an additional 101,025 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

Key H&R Block News

Here are the key news stories impacting H&R Block this week:

• Positive Sentiment: Zacks raised H&R Block’s FY2026 EPS outlook to $5.00 (from $4.95) and nudged FY2027 to $5.33 (from $5.31), signaling modestly better longer‑term profitability expectations. MarketBeat: Zacks estimate changes
• Positive Sentiment: Zacks increased Q3 2026 and Q3 2027 EPS forecasts (Q3 2026 to $5.64 from $5.58; Q3 2027 to $5.91 from $5.80), which supports better seasonal operating leverage during peak tax months. MarketBeat: Zacks estimate changes
• Positive Sentiment: Zacks reduced the magnitude of expected losses for early‑season quarters in its 2028 outlook (Q1 2028 now -$1.22 vs -$1.31; Q2 2028 now -$1.88 vs -$2.08), indicating analysts see less downside than before. MarketBeat: Zacks estimate changes
• Positive Sentiment: H&R Block Canada announced a partnership with Affirm to offer installment payments for tax services — a customer-financing play that can lift service uptake and average ticket in Canadian retail channels. H&R Block Canada taps Affirm to make tax season less taxing
• Neutral Sentiment: Consensus full‑year EPS remains around $5.25 — Zacks’ tweaks shift some quarterly timing but leave the broader consensus largely intact for now. MarketBeat: Consensus estimates
• Negative Sentiment: Zacks trimmed a couple of near‑term fourth‑quarter forecasts (Q4 2026 cut to $2.40 from $2.49; Q4 2027 to $2.65 from $2.74), which could pressure sentiment around near‑term earnings cadence and seasonality. MarketBeat: Zacks estimate cuts

H&R Block Company Profile

H&R Block (NYSE: HRB) is a leading provider of tax preparation services and software solutions, serving individual and small-business clients through a combination of retail offices, online platforms and mobile applications. The company offers assisted tax preparation at its network of retail offices, where clients work with trained tax professionals, as well as do-it-yourself (DIY) software and online filing services designed to guide users through the complexities of federal and state tax returns.

Founded in 1955 by brothers Henry W.