In recent months H&R Block (HRB) has been pushing out great numbers and doing very well in the market. Investors are suggesting it to be a top stock in the Consumer Discretionary category of the market.
The stock has recently been ranked in the #1 spot in Zacks Sector Ranking. This is because it is pulling out returns that are over 300 times what the average return rate on a Consumer Discretionary stock is making year-to-date.
The Zacks Ranking isn’t something to take lightly either as it is a mathematical ranking. This eliminates all bias when ranking stocks, and just uses the numbers the stock produces each quarter to be ranked. So based on where (HRB) is ranked, this means that the stocks outlook must be improving.
Adding to its continuous growth, the stock has also recently increased its dividend by about 17%. Following that great news, the stock has also reported an overall revenue increase of 4%, and earnings per share increase of about 16%. Analysts did not anticipate this from the company at all.
Investors know that Consumer Discretionary stocks aren’t usually the best to look at in the first place. But H&R block seems to be holding a steady pace for the fourth quarter, and it’s projected to only grow from here. Stay on the lookout for the stock gains, as it continues to beat the market.
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