Why H&R Block, Inc. (HRB) is a Strong Investment Opportunity
Are you looking for a promising stock to add to your portfolio? Look no further than H&R Block, Inc. (HRB). This consumer services company has shown exceptional performance in the past year and has the potential to sustain this momentum in the near term. If you haven’t already taken advantage of its share price appreciation, now might be the perfect time to consider adding HRB to your investment portfolio.
Here are a few reasons why HRB is an attractive pick:
1. Outperformer: Over the past year, shares of H&R Block have gained an impressive 83.6%, outperforming both its industry peers and the broader market.
2. Solid Rank and VGM Score: HRB currently holds a Zacks Rank #2 (Buy) and a VGM Score of A, indicating strong investment potential.
3. Northward Estimate Revisions: Analysts have shown confidence in HRB, with two estimates for fiscal 2024 moving upward in the past 30 days.
4. Strong Growth Prospects: HRB has a projected long-term earnings per share growth rate of 12.5%, with expected improvements in earnings for fiscal 2024 and 2025.
5. Positive Earnings Surprise History: HRB has consistently outperformed earnings expectations in the past four quarters, with an average surprise of 10.3%.
6. Growth Factors: The company’s Block Horizons strategy focuses on innovation, building relationships with small businesses, and enhancing its digital tools to drive sustainable revenue growth.
In addition to HRB, other top-ranked stocks in the business services sector include Western Union (WU) and Nu (NU). Both companies have strong growth expectations and positive earnings surprise histories.
Overall, HRB’s performance post-pandemic is driven by digital enablement, client retention, and expansion in small businesses. With a solid growth strategy in place, HRB is well-positioned for continued success in the near future.
If you’re interested in learning more about HRB and other top-ranked stocks, you can download the latest recommendations from Zacks Investment Research. Don’t miss out on the opportunity to potentially enhance your investment portfolio with HRB and other promising stocks in the business services sector.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The content is based on general research and may not be accurate, reliable, or up-to-date. Before making any financial decisions, it is recommended to consult with a professional financial advisor or conduct thorough research to verify the accuracy of the information presented. The author and publisher disclaim any liability for any financial losses or damages incurred as a result of relying on the information provided in this article. Readers are encouraged to independently verify the facts and information before making any financial decisions.