NEW YORK (TheStreet) -- For the week of September 3, you can expect about 50 companies will report earnings. As usual, the services and technology sectors make up the lion's share of volume.I selected companies with the greatest market-moving impact that you will want to watch. September and October have traditionally displayed higher-than-average volatility and earnings can often light the fuse. HRB data by YCharts
H&R Block (HRB) 52-Week High: $17.46 52-Week Low: $12.73 Book Value: $4.54Price-To-Book: 3.66 H&R Block is anticipated to report good first-quarter earnings after the market closes on Sept. 5, 2012. The consensus estimate is currently a loss of 37 cents a share, an improvement of sorts from the loss of 39 cents during the same period a year ago. The average analyst target price for HRB is $18.50. From a technical perspective, the chart on HRB looks a lot better than the quarter's estimate. The tax preparer is expected to earn $1.62 this year ending in April 2013. H&R is somewhat trending higher. The 60- and 200-day moving averages are moving higher. The 90-day is rounding out, but still well below the 200. What this means is the trend is neutral and akin to a boat without a rudder. The mean fiscal-year estimate price-to-earnings ratio is 10.3, based on earnings of $1.61 per share. Investors are receiving 80 cents in dividends for a yield of 4.83%. Over the last five years, the dividend has grown by an average of 5.7% per year. For yield hounds, H&R's dividend is attractive, but the payout rate near 80% along with slowing revenue growth means future hike expectations may not be realized. Of course, at 4.8% you could say "who cares if they increase." The current proportion sold short, based on the float, is 6.9%. With the dividend yield as high as it is, short sellers are expecting a sizable drop in share price. Background: H&R Block is a tax-return preparation company. The company's subsidiaries also offer investment services and through broker-dealers, originate, purchase, service, sell and securitize mortgages, offer personal productivity software, purchase participation interests in refund anticipation loans made by a third-party lender, and offer accounting, tax and consulting services to business clients. H&R Block trades about 3 million shares per day with a marketcap of $4.5 billion. For more about H&R Block, take a look at John Reese's
I use SEC.gov, Zacks.com, WSJ.com, Tradestation, and Reuters for my data. PE is generally adjusted PE based on an average number of shares. At the time of publication, the author held no positions in any of the stocks mentioned, although positions may change at any time. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.