H&R Block, Inc.’s (HRB) Estimates Lowered

Analysts Kartik Mehta and John Healy at Northcoast Research have released an update on H&R Block, Inc. (NYSE: HRB). According to analysts, the economy is having a negative impact on the number of returns that will be processed by the IRS.

Analysts believe that the early season has been slow for H&R Block. Analysts attribute the slow start to the economic situation, and the migration to digital.

Analysts have lowered the estimates for FY10, and FY11. Analysts now expect EPS of $1.55 in FY10, and EPS of $1.75 in FY11. Analysts at Northcoast Research continue to have a Neutral rating for H&R Block, Inc.