H&R Block Inc

H&R Block shares surged 13% in afternoon trading after the tax preparation company reported fiscal fourth-quarter 2026 results that beat Wall Street expectations and issued an optimistic forecast for the upcoming year. Revenue came in at $1.14 billion, up 3% year-over-year and above analyst forecasts, while adjusted earnings per share of $2.38 topped the consensus estimate. Management's full-year revenue guidance of $4.14 billion at the midpoint and projected adjusted earnings per share of $6.14 for fiscal 2027 both exceeded analysts' estimates. The stock closed at $54.17, up 16.6% from the previous close.

H&R Block reported fiscal 2026 results showing revenue and cash flow growth, and announced a substantial dividend increase along with significant share repurchases. The company posted full year revenue of US$3.95 billion and net income of US$733.6 million, while returning US$714 million through dividends and repurchases. Management issued optimistic guidance for fiscal 2027, signaling confidence as H&R Block enters the new fiscal year. The company operates in consumer services as a provider of assisted and DIY tax preparation across the US, Canada, and Australia.

Several companies made notable moves in midday trading, led by Wendy's jumping 13% after The Financial Times reported that Nelson Peltz' Trian Fund Management was preparing a bid to take the fast food chain private. Quantinuum rallied more than 21% after issuing better-than-expected 2026 revenue guidance of $28 million to $32 million, above the FactSet consensus of $26.5 million. CoreWeave gained 18% after reporting second quarter adjusted operating income margin of 5%, beating the StreetAccount estimate of 2.7%, and revenue of $2.58 billion, up 112% year over year. Super Micro Computer rose 14% on strong first quarter guidance, expecting adjusted earnings of $1.01 to $1.10 per share versus the LSEG consensus of 76 cents, and revenue of $14.5 billion to $15.5 billion, far above the anticipated $11.68 billion. H&R Block surged 15% after issuing an upbeat fiscal 2027 forecast of adjusted earnings between $6.04 and $6.24 per share on revenue of $4.11 billion to $4.16 billion, compared to LSEG estimates of $5.86 per share and $4.05 billion. Cava Group jumped 12% after second quarter earnings of 19 cents per share topped the LSEG consensus of 18 cents, with revenue of $368.4 million beating the expected $361 million. National Vision tumbled 6% after full-year guidance of 94 cents to $1.09 per share on revenue of $2.037 billion to $2.076 billion fell short of FactSet estimates of 96 cents and $2.06 billion. Aecom dropped 6% on weak fiscal third quarter results, with revenue of $3.59 billion down about 14% year over year and net service revenue in the Americas of $808.4 million below the FactSet forecast of $1.24 billion. Velo3D jumped 12% after raising its full-year revenue outlook to $65 million to $75 million, up from $60 million to $70 million, versus the FactSet consensus of $64.4 million. Lumentum Holdings rose 15% after fourth quarter adjusted earnings and revenue exceeded expectations, and Nebius Group jumped more than 25% on better-than-expected EBITDA and revenues. Coherent gained more than 9% ahead of its own earnings after the bell, and Kontoor Brands added 7% after second quarter earnings slightly beat expectations and full-year guidance was raised above consensus.

Several technology and consumer companies made significant premarket moves following earnings reports and guidance updates. Super Micro Computer rallied more than 7.5% after issuing first-quarter guidance for adjusted earnings of $1.01 to $1.10 per share on revenue of $14.5 billion to $15.5 billion, both well above consensus estimates. CoreWeave gained more than 18.5% as second-quarter revenue rose 112% to $2.58 billion and adjusted operating income margin reached 5%, exceeding forecasts. Nebius Group jumped more than 12.5% on better-than-expected EBITDA and revenue, while Lumentum Holdings rose more than 8% after beating fourth-quarter estimates. H&R Block surged 11% on an upbeat fiscal 2027 outlook, and Cava Group added almost 12% after topping earnings and revenue expectations. In contrast, Kontoor Brands fell nearly 3% on a slight revenue miss, and software stocks including Workday, Salesforce, Palantir Technologies, and ServiceNow each declined more than 1%.

H&R Block Inc. reported a fourth-quarter profit of $293.68 million, or $2.30 per share, compared with $299.44 million, or $2.20 per share, in the same period last year. Excluding items, adjusted earnings were $304.20 million, or $2.38 per share. Revenue rose 3.1% to $1.145 billion from $1.111 billion a year earlier.

Several stocks made notable moves on Tuesday. H&R Block rose 6.2% after Stephens & Co. initiated coverage with an Equal-Weight rating and a $47 price target. Corning fell 13% after its second-quarter revenue and third-quarter sales forecast missed Wall Street expectations. Sherwin-Williams gained 7.5% on stronger-than-expected second-quarter earnings and a raised full-year profit forecast. Brown & Brown advanced 5% as investors focused on strong year-over-year growth and in-line earnings despite a slight revenue shortfall. Simpson added 2.8% after its second-quarter results exceeded analyst expectations.

H&R Block reported adjusted earnings of $6.02 per share for the third quarter of fiscal 2026, beating the Zacks Consensus Estimate by 5.8% and rising 11.9% year over year. Revenues reached $2.4 billion, topping the consensus by 2.5% and growing 5.3% from the prior year. The assisted tax preparation segment drove top-line growth through higher net average charges and increased company-owned tax return volumes, with this segment’s revenue contribution climbing from nearly 62% in fiscal 2023 to 64% in fiscal 2025. The company’s AI Tax Assist feature, offered at no extra charge in paid DIY online returns, helped boost DIY tax preparation revenue to $383.7 million in fiscal 2025, a 10.2% increase. H&R Block also maintained shareholder-friendly policies, distributing $197.3 million in dividends and repurchasing $437.1 million in shares during fiscal 2025, while its current ratio improved to 1, indicating strong liquidity.