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

H&R Block, Inc. (NYSE:HRB) – Equities research analysts at Zacks Research upped their Q1 2028 earnings estimates for shares of H&R Block in a research report issued to clients and investors on Tuesday, February 24th. Zacks Research analyst Team now anticipates that the company will post earnings of ($1.22) per share for the quarter, up from their prior 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.

Several other brokerages have also recently weighed in on HRB. Weiss Ratings upgraded shares of H&R Block from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, February 17th. Barrington Research dropped their price target 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, The Goldman Sachs Group reduced their target price on H&R Block from $48.00 to $32.00 and set a “sell” rating on the stock in a report on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, H&R Block currently has an average rating of “Hold” and a consensus price target of $41.00.

H&R Block Price Performance

NYSE HRB opened at $30.62 on Friday. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 0.51 and a beta of 0.36. The company has a debt-to-equity ratio of 12.86, a current ratio of 1.29 and a quick ratio of 1.29. H&R Block has a 1-year low of $28.16 and a 1-year high of $64.62. The business’s fifty day moving average price is $38.13 and its 200-day moving average price is $44.86.

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

Institutional Investors Weigh In On H&R Block

A number of institutional investors and hedge funds have recently bought and sold shares of HRB. Operose Advisors LLC bought a new stake in shares of H&R Block in the 2nd quarter valued at about $27,000. Clearstead Advisors LLC raised its stake in H&R Block by 134.4% in the 3rd quarter. Clearstead Advisors LLC now owns 511 shares of the company’s stock worth $26,000 after acquiring an additional 293 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in H&R Block during the 3rd quarter valued at approximately $26,000. Quent Capital LLC acquired a new stake in H&R Block during the 3rd quarter worth about $27,000. Finally, Abound Wealth Management lifted its holdings in H&R Block by 208.0% in the fourth quarter. Abound Wealth Management now owns 616 shares of the company’s stock valued at $27,000 after acquiring an additional 416 shares during the period. 90.14% of the stock is owned by institutional investors.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Wednesday, March 4th will be paid 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 payout ratio is currently 38.80%.

More 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

About H&R Block

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.