NEW YORK (TheStreet) -- H&R Block (HRB) shares are down -0.9% to $33.21 on Wednesday after reporting an adjusted first quarter net loss of 40 cents per diluted share that is 1 cent worse than analysts were expecting for the period.
Revenue for the quarter was $134 million, ahead of analysts expectations of $130.3 million.
TheStreet Ratings team rates BLOCK H & R INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate BLOCK H & R INC (HRB) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, good cash flow from operations, expanding profit margins and increase in stock price during the past year. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: HRB Ratings Report
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