US stock futures flounder amid tech weakness, Fed caution
H&R Block stock has reached a new 52-week low, closing at 49.15 USD. This marks a significant downturn for the company, which has seen its stock price decline by 12.93% over the past year. The recent low underscores the challenges the tax preparation company faces amidst a competitive market and evolving regulatory environment. Investors will be closely monitoring H&R Block’s strategic initiatives and financial performance as the company seeks to regain momentum and reassure stakeholders.
In other recent news, H&R Block announced its fiscal fourth-quarter 2025 earnings, revealing an EPS of $2.27, which fell short of the expected $2.98. This represented a 23.83% negative surprise for investors. However, the company reported revenue of $1.11 billion, slightly surpassing projections. Despite this revenue beat, the company’s performance on margins and earnings per share led to a Sell rating being reiterated by Goldman Sachs, with a price target set at $48.00. Additionally, H&R Block introduced EPS guidance for fiscal 2026 that did not meet market expectations. These developments contributed to investor disappointment. The analyst firm noted that while revenue exceeded expectations, the overall financial performance was mixed.
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