This #1 (Strong Buy) Consumer Discretionary Stock is a Smart Buy Right Now
Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.
Should You Buy #1 (Strong Buy)-Ranked H&R Block (HRB) for Your Portfolio?
H&R Block was upgraded to the Zacks Rank #1 list on August 13, 2022. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
H&R Block Inc. is a leading provider of tax preparation services. The company provides assisted income tax return preparation, do-it-yourself (DIY) tax solutions and other products and services associated with income tax return preparation in the United States, Canada and Australia.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.32 to $3.76 per share. HRB boasts an average earnings surprise of 19.2%.
Analysts are expecting earnings to grow 7.1% for the current fiscal year, with revenue forecasted to rise 2.7%.
HRB has been moving higher over the past four weeks as well, up 24.8% compared to the S&P 500's gain of 11.6%.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, H&R Block could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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H&R Block, Inc. (HRB) : Free Stock Analysis Report
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