HR Block's vow to improve likely starts off with steep climb
Analysts expect HR Block Inc. to post higher first-quarter losses than a year ago, which would create a steep climb right out of the gate for the company's fiscal year 2017 improvement goals.
Although the Kansas City-based tax preparer (NYSE: HRB) typically posts a loss in the first quarter due to the seasonal nature of its business, analysts are expecting its loss to be much larger than last year. According to Yahoo Finance, the average earnings estimate is for a loss of 53 cents per share, which...