HR BLOCK (HRB)

EARNINGS RELEASE - JUNE 16 (AMC)

EARNINGS EXPECTATIONS:  

     THIS QTR:   EPS:      2.61/share     REV:  1,740/M
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     LAST QTR:  EPS:       -.55/share     ACTUAL:  -.59/share  (MISS)
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     NEXT QTR:  EPS:       .92/share     REV:  644.46/M
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     FULL YR:     EPS:        .38/Share     REV: 2,560/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD:  XX% OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -15.49, -2.56, -11.19

EXPECTED JUMP MOVE:  10-12%

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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading. 

Links To Latest News and Headlines

Yahoo Finance’s Alexis Christoforous and E. Martin Davidoff, Prager Metis Partner, discuss how to navigate filing taxes amid the pandemic.

To avoid investing in a business that’s in decline, there’s a few financial metrics that can provide early indications…

Specially trained tax pros can help explain relief options and tax implications KANSAS CITY, Mo., Jan. 13, 2021 (GLOBE NEWSWIRE) — The stimulus package signed into law in late December includes more relief for struggling small business owners, including a second round of Payroll Protection Program (PPP) loans starting this week. However, everyday Americans who operate small businesses or are self-employed may be left unsure of how to maximize their options. Block Advisors small business certified tax pros are here to help.“We keenly understand that small business owners started their business to do their craft, not to become an expert at taxes, bookkeeping and payroll, and certainly not to unravel unintended and highly complex tax implications from relief bills,” said Karen Orosco, senior vice president, U.S. Retail. “Our Block Advisors small business certified tax pros can help small business owners understand the various relief options and their tax implications.”In addition to consulting with a Block Advisor tax pro, small business owners can also find helpful information on the company’s small business coronavirus resource hub, which includes information about the new relief bill, such as: * Economic Injury Disaster Loan (EIDL) details * Other SBA relief measures * Employee Retention Tax Credits * Relief priorities for underserved communities * Other tax implications for 2020 filing Small business owners wanting a personalized overview of the new bill and what relief options might make sense for them can make an appointment to meet with a specially trained Block Advisors tax pro via video call, by phone, or within an office. Block Advisors small business certified tax pros can be found in more than 7,500 Block Advisors and H&R Block locations nationwide.“H&R Block has helped millions of small business owners and self-employed individuals with their small business taxes. And now, our Block Advisors small business certified tax pros, who average 12 years of experience, are ready to also serve clients’ year-round bookkeeping and payroll needs, with 100% accuracy guaranteed.” said Orosco.About H&R Block H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through global tax preparation, financial products, and small business solutions. The company blends digital innovation with the human expertise and care of its associates and franchisees as it helps people get the best outcome at tax time, and better manage and access their money year-round. Through Block Advisors and Wave, the company helps small business owners thrive with disruptive products like Wave Money, a small business banking and bookkeeping solution, and the only business bank account to manage bookkeeping automatically. For more information, visit H&R Block News or follow @HRBlockNews on Twitter. Our small business tax professional certification is awarded by Block Advisors, a part of H&R Block, based upon successful completion of proprietary training.For further information Investor Relations:  Colby Brown  |  816-854-4559  |  colby.brown@hrblock.com  Media Relations:  Angela Davied  |  ­­816-854-5798  |  angela.davied@hrblock.com

H&R Block (HRB) reported earnings 30 days ago. What’s next for the stock? We take a look at earnings estimates for some clues.

KANSAS CITY, Mo., Jan. 04, 2021 (GLOBE NEWSWIRE) — Today, millions of Americans will receive a second stimulus payment as the IRS set January 4 as the official payment date of all direct deposits for stimulus money. The IRS has shared that most people will receive their second stimulus payment as a direct deposit. However, if not, people will receive their second stimulus payment in the mail as either a check or U.S. Treasury debit card, likely by the end of January. In addition, the IRS Get My Payment website will go live soon, allowing people to look up where their second stimulus payment has been sent. As people search for answers about their second stimulus payment, H&R Block has tools and live expert help to assist its customers.“The second stimulus payment will provide much-needed relief to people,” said Tony Bowen, H&R Block Chief Financial Officer. “We have automated tools and experts standing by ready to help our customers.”Information to help track a stimulus check includes: * Many second stimulus payments were deposited on Emerald Cards. All second stimulus payments that H&R Block was able to process were immediately deposited on to H&R Block’s Emerald Prepaid Mastercard® or to customers’ bank accounts, depending upon how 2019 tax refunds were received. Emerald Card customers can call 1-866-353-1266 and receive stimulus payment information by entering the last four digits of their Emerald Card account. All other customers can call 1-800-HRBLOCK and by using a Social Security number, may be able to receive automated second stimulus payment information. * You may not recognize an account number. If the IRS Get My Payment website displays an account number a customer doesn’t recognize, H&R Block customer service agents are ready to help and may be able to provide additional information. * Wait times may be long. This week, customers may experience increased wait times to speak with an H&R Block customer service agent. Questions may also be sent via Twitter to @HRBlockAnswers, but customers should not include personal information in these questions. * Some second stimulus payments were returned to the IRS. All financial institutions are required to return second stimulus payments in certain circumstances, such as when they are sent to a closed account. In these cases, payments were returned to the IRS and a check is likely to be sent by the IRS. This affected less than 1% of second stimulus payments processed by H&R Block. * Changes can be reconciled at tax time. For those who did not receive the first stimulus payment, believe they did not receive their full stimulus payment amount, or had changes in their circumstances, such as the birth of a baby, a Recovery Rebate Credit can be claimed when 2020 taxes are filed this year. Save any letters received from the IRS about stimulus checks. At tax time, H&R Block tax pros can help people claim any possible additional stimulus payments when filing a 2020 tax return.To estimate a second stimulus payment, visit hrblock.com/stimulus and for additional second stimulus details and frequently asked questions visit the H&R Block Coronavirus Resource Hub at hrblock.com/tax-center/coronavirus-tax-impact.About H&R Block H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through global tax preparation, financial products, and small business solutions. The company blends digital innovation with the human expertise and care of its associates and franchisees as it helps people get the best outcome at tax time, and better manage and access their money year-round. Through Block Advisors and Wave, the company helps small business owners thrive with disruptive products like Wave Money, a small business banking and bookkeeping solution, and the only business bank account to manage bookkeeping automatically. For more information, visit H&R Block News or follow @HRBlockNews on Twitter.For further information Investor Relations:  Colby Brown  |  816-854-4559  |  colby.brown@hrblock.com Media Relations:  Angela Davied  |  ­­816-854-5798  |  angela.davied@hrblock.com

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Trading an earnings catalyst events can be very rewarding (5-20% returns in a matter of minutes or hours) but it is also very risky. Timing plays a key role in whether a trade is profitable or not. Here is our general guideline for how we trade these events in-house.

ENTRY: The system we use to trade these volatile events is to enter at or near market close based on the Trajectory Analysis. For equities trades it’s a simple BUY or SELL order based on a pre-set trade allocation amount about 5 minutes before market close.

Then after the earnings release occurs we review the data carefully. Was it a beat or a miss on expectations? What does the forward guidance look like? Are there other important metrics being reported? (such as subscribers, or same-store sales etc). Often the stock price can swing wildly if the release metrics are mixed or there is no clear cut bull or bear bias. 

EXIT:  In the majority of cases where the direction call was correct (short or long) the best time to take profit is the following day about an hour after market openIf the direction call was wrong, or the release data is mixed, we find it best to get out of the trade quickly in the aftermarket, at a profit if possible. Exiting a trade becomes more art than science, based on experience trading that stock, general market conditions and the momentum of the market’s reaction to the release news.

Avg Daily Volume: 3,191,919    Market Cap: 2.3B
Sector: Services    Short Interest: 20.57

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There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is stripped down to only what is needed to make the best possible decision(s) on trading the trajectory. 

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