Analyst Boost H&R Block Price Target But Still Cautious On Long-Term Growth: Here's Why
Analyst Boost H&R Block Price Target But Still Cautious On Long-Term Growth: Here's Why
A couple of analysts boosted the price target of H&R Block Inc (NYSE:HRB) following Q4 FY23 results yesterday.
幾位分析師上調了目標股價 H&R Block Inc 紐約證券交易所代碼：HRB）昨天公佈了23財年第四季度業績。
H&R Block reported quarterly earnings of $2.05 per share, which beat the analyst consensus estimate of $1.89, and sales of $1.03 billion beat the analyst consensus estimate of $1.01 billion.
H&R Block公佈的季度每股收益爲2.05美元，超過了分析師共識估計的1.89美元，銷售額爲10.3億美元，超過了分析師共識估計的10.1億美元。
The company expects FY24 revenues of $3.530 billion -$3.585 billion vs. consensus of $3.56 billion, EBITDA of $930 million-$965 million, and adjusted EPS of $4.10-$4.30 vs consensus of $4.01.
該公司預計2014財年的收入爲35.30億至35.85億美元，市場預期爲35.6億美元，息稅折舊攤銷前利潤爲9.3億至9.65億美元，調整後的每股收益爲4.10美元至4.30美元，而市場預期爲4.01美元。
Barrington Research analyst Alexander Paris Jr raised the price target to $44 from $42 and maintained an Outperform rating.
巴靈頓研究 分析師小亞歷山大·帕里斯將目標股價從42美元上調至44美元，並維持跑贏大盤評級。
The analyst revised estimates for revenue, adjusted EBITDA, and adjusted EPS to $3.558 billion (from $3.590 billion), $948.2 million (from $962.0 million), and $4.20 (from $4.15) for FY24.
分析師將24財年的收入、調整後的息稅折舊攤銷前利潤和調整後的每股收益修訂爲35.58億美元（從35.90億美元起）、9.482億美元（從9.62億美元起）和4.20美元（從4.15美元起）。
The analyst expects revenue of $3.665 billion, EBITDA of $990.4 million, and adjusted EPS of $4.65 for FY25.
該分析師預計，25財年收入爲36.65億美元，息稅折舊攤銷前利潤爲9.904億美元，調整後每股收益爲4.65美元。
Goldman Sachs analyst George K. Tong reiterated a Sell rating but upped the price target to $32 from $28.
高盛 分析師George K. Tong重申了賣出評級，但將目標股價從28美元上調至32美元。
The analyst is cautious on H&R Block given share loss in the core assisted tax prep category, mainly low-income EITC filers, and muted FY24 guidance.
該分析師對H&R Block持謹慎態度，因爲核心輔助稅收準備類別的股票虧損，主要是低收入的EITC申報人，而且24財年的預期不佳。
Also, the analyst thinks management's target of maintaining market share in the assisted category next year can prove to be a stretch due to its history of market share loss in the category (inclusive of the 2023 tax season).
此外，該分析師認爲，管理層明年維持輔助類別市場份額的目標可能很艱難，因爲其在該類別中市場份額下降的歷史（包括2023年的納稅季節）。
Tong notes HRB's FY24 revenue guidance of 2%-3% growth is below its long-term target of 3%-6% growth, despite benefits from the CA tax filing deadline extension and no unusual industry headwinds, which dampens his confidence in the long-term growth target.
湯指出，儘管加州納稅申報截止日期的延期帶來了好處，也沒有出現不尋常的行業不利因素，這抑制了他對長期增長目標的信心，但HRB的24財年收入預期爲2％-3％，低於其3％-6％的長期增長目標。
The analyst expects revenue of $3.540 billion in FY24 and $3.597 billion in FY25, and $3.651 billion in FY26.
該分析師預計，24財年的收入爲35.40億美元，25財年的收入爲35.97億美元，26財年的收入爲36.51億美元。
Price Action: HRB shares are trading higher by 9% at $38.56 on the last check Wednesday.
價格走勢: 在週三的最後一張支票中，HRB股價上漲9％，至38.56美元。