Positive context积极背景
Stocks股票 / Consumer Disc. / HRB
H&R Block · Consumer Disc.
HRB US listed · USD美股 · 美元
H&R Block, Inc., or H&R Block, is an American tax preparation company operating in Canada, the United States, and Australia. The company was founded in 1955 in Kansas City, Missouri, by brothers Henry W. Bloch and Richard Bloch.H&R布洛克公司（简称H&R Block）是一家美国税务申报公司，业务覆盖加拿大、美国和澳大利亚。该公司于1955年由亨利·W·布洛克和理查德·布洛克兄弟在密苏里州堪萨斯城创立。
Mid cap中盘 · $7B
Consumer Disc.
S&P 400标普400中盘
Cyclical周期股
$53.34
-$0.84 · -1.55%
52w low52周低 $26.76high高 $55.48
Extended — wait for a pullback过度拉伸 — 等待回撤
The low is already in and price has run. Wait for a pullback; hold if you're long.低点已经形成、价格已经拉升。等待回调再入场；若已持有可继续持有。
Live实时
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-08-14
Momentum (RSI 14)动量（RSI 14）
77
Overbought超买区域
vs 50-day average相对50日均线
+31.1% above上方
Uptrend intact趋势完好
vs 200-day average相对200日均线
+40.9% above上方
Long trend up长期向上
Volatility波动率
92th percentile第92百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
Estimates being raised — 4 analysts预期上调 — 4 位分析师
Beat in 3 of last 4 quarters近 4 季中 3 季超预期
EPS surprise vs consensus, last quarters每股收益相对预期的超预期幅度（近几个季度） · average平均 1.7%
Valuation估值
Looks cheap vs sector相对行业偏便宜| Multiple指标 | HRB | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（历史） | 11.16x | 20.35 | |
| P/S市销率 | 1.80x | 1.37 | |
| Earnings yield盈利收益率 | 8.96% | 4.65 | |
| FCF yield自由现金流收益率 | 8.86% | 5.43 | |
| P/FCF市值/自由现金流 | 11.29x | 16.77 |
"Cheaper than" = share of sector peers trading richer on that multiple.「相对便宜」= 行业中该指标估值更高的同行占比。
Financials财务数据
fiscal years财年Revenue营业收入
$3.8B2025
20202025
5-yr growth5年复合增速 7.3%
Earnings per share每股收益
$4.392025
20202025
Free cash flow自由现金流
$598.8M2025
20202025
Net margin净利率
16.1%
FCF margin自由现金流利润率
18.1%
Balance-sheet quality财务体质 6/8
Bankruptcy risk: grey zone破产风险：灰色区
Return on equity股本回报率 -74%
Clean稳健
Leverage杠杆
Current ratio流动比率0.90
Capital allocation资本配置
Stock-based comp股权薪酬$32.5M
Share count change (1y)股数变化（1年）-5.3%
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Macro宏观
Long-duration name into a restrictive, rising-real-rate regime → rate headwind.长久期标的进入偏紧、实际利率上行的环境→利率逆风。
Positioning持仓
Quiet — no confirmed driver平静 — 无明确驱动
Technical技术面
HRB made a new 52-week highHRB 创52周新高
Ownership & smart money持仓与聪明钱
13FConcentrated ownership集中持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | As of截至 |
|---|---|---|---|---|
| Himalaya Capital (Li Lu) | D | New position新建仓 | 1.6% | 2026-03-31 |
Signal history信号历史
engine events引擎事件
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
TAKE PROFITS. A daily bottoming setup did fire (swing low in, momentum turned up), but it's LATE — price is already extended above the cycle low (formed ~16 day(s) ago @ 39.55) and overbought (daily RSI 77, 3-day 76 & weekly 74). A momentum cross is a LAGGING confirmation: after a vertical run it only triggers once the move is mature, so the bottoming entry has already passed. This is a chase, not a fresh buy. Last cycle was left-translated (topped early) — a bearish structural tell止盈。日线筑底形态确实已经触发（摆动低点出现、动量转向上行），但为时已晚——价格已显著高于周期低点（约 16 天前形成 @ 39.55）且已超买（日线 RSI 77、3 日 76 与周线 74）。动量交叉属于滞后确认：在垂直拉升之后，只有当走势已经成熟时才会触发，因此筑底入场早已错过。这是追高，而非新的买入。 上一周期为左移结构（见顶偏早）——属于看空的结构性信号
Aug 12, 2026
HRB made a new 52-week highHRB 创52周新高
Price reached a fresh 52-week high — a momentum / trend extreme the whole market watches. $54.18.价格创出52周新高 — 全市场关注的动量/趋势极值。$54.18。
Aug 12, 2026
HRB RSI reached overboughtHRB RSI进入超买
RSI(14) crossed above 70 — stretched to the upside; context, not a timing trigger alone. $54.18.RSI(14)上穿70 — 上行过度；仅作背景，单独不构成择时。$54.18。
Jul 31, 2026
NEARING A HIGH → BUY ZONE接近高点 → 买入区
BUY买入
Jul 28, 2026
BUY ZONE → NEARING A HIGH买入区 → 接近高点
TAKE PROFITS止盈
Jul 28, 2026
HRB daily MACD crossed upHRB 日线MACD上穿
The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $44.94.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$44.94。
Jul 28, 2026
HRB RSI reached overboughtHRB RSI进入超买
RSI(14) crossed above 70 — stretched to the upside; context, not a timing trigger alone. $44.94.RSI(14)上穿70 — 上行过度；仅作背景，单独不构成择时。$44.94。
Jul 27, 2026
BOTTOMING → BUY ZONE筑底中 → 买入区
BUY买入
Jul 27, 2026
HRB StochRSI turned up from oversoldHRB StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $42.33.StochRSI重回20上方 — 下行动量趋缓的最早预警。$42.33。
Jul 23, 2026
Golden cross on HRBHRB 金叉
The 50-day average crossed above the 200-day — a slow, widely-watched bullish trend signal. $39.95.50日均线上穿200日均线 — 一个滞后但广受关注的看多趋势信号。$39.95。
Jul 23, 2026
HRB took relative-strength leadershipHRB 取得相对强弱领先
Relative strength vs SPY crossed above the 90th percentile of the last 90 days — leadership tends to persist. $39.95.相对标普500的强弱上穿近90日的第90百分位 — 领先往往延续。$39.95。
Jul 22, 2026
HRB daily MACD crossed downHRB 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $39.55.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$39.55。
Jul 21, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Showing the last 15 of显示最近15条，共 260 signals条信号
Company profile公司档案
H&R Block, Inc., or H&R Block, is an American tax preparation company operating in Canada, the United States, and Australia. The company was founded in 1955 in Kansas City, Missouri, by brothers Henry W. Bloch and Richard Bloch.H&R布洛克公司（简称H&R Block）是一家美国税务申报公司，业务覆盖加拿大、美国和澳大利亚。该公司于1955年由亨利·W·布洛克和理查德·布洛克兄弟在密苏里州堪萨斯城创立。
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Value价值
Below market低于市场
Quality质量
Below market低于市场
Investment资本投入
Below market低于市场
Low volatility低波动
Below market低于市场
Low market beta低市场敏感度
Above market高于市场
Earnings quality盈利质量
Below market低于市场
Short interest空头兴趣
Above market高于市场
Watch items — what could change the story关注项 — 可能改变故事的因素
- Margin compression despite revenue growth
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Valuation vs sector估值对比行业
| Multiple指标 | This stock本股 | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（静态） | 11.2× | 20.4× | 83% |
| Price / Sales市销率 | 1.8× | 1.4× | 38% |
| Earnings yield盈利收益率 | 9.0% | 4.7% | 86% |
| Free-cash-flow yield自由现金流收益率 | 10.1% | 7.9% | 61% |
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
13/100 — weaker than most弱于多数
vs market, 3 months相对大盘（3个月）
94/100 — stronger than most强于多数
vs market, 6 months相对大盘（6个月）
95/100 — stronger than most强于多数
vs market, 12 months相对大盘（12个月）
44/100 — middle of the pack居中
Rank in sector行业内排名
#155 / 212
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | +16.1% | +1.2% |
| 1 Month近1月 | +30.3% | +3.5% |
| 3 Months近3月 | +44.8% | +5.2% |
| 6 Months近6月 | +76.0% | +14.4% |
| Year to date年初至今 | +28.3% | +14.2% |
| 1 Year近1年 | +11.5% | +21.6% |
| 3 Years近3年 | +67.0% | +79.7% |
Trading information交易信息
Beta vs market贝塔
-0.33
Volatility rank波动率分位
92th pctile
Short interest空头占比
13.7% of float
Market cap市值
$7B
EPS (trailing)每股收益
$4.78
Off 52-week high距52周高点
-1.6%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $2.6B | $3.4B | $3.5B | $3.5B | $3.6B | $3.8B |
| EPS每股收益 | $-0.04 | $3.08 | $3.22 | $3.51 | $4.12 | $4.39 |
| Free cash flow自由现金流 | $27M | $573M | $747M | $752M | $657M | $599M |
| Gross margin毛利率 | 35.1% | 46.0% | 45.7% | 44.6% | 44.8% | 44.5% |
| Net margin净利率 | -0.3% | 17.1% | 16.0% | 15.9% | 16.5% | 16.1% |
| FCF margin自由现金流利润率 | 1.0% | 16.8% | 21.6% | 21.7% | 18.2% | 15.9% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$3.8B
Net income净利润
$606M
Operating cash flow经营现金流
$681M
Total assets总资产
$2.9B
Shareholder equity股东权益
$-823M
Long-term debt长期负债
$2.4B
Shares outstanding总股本
0.13B
Returns & growth回报与增长
Return on equity股本回报率
-73.6%
Return on assets资产回报率
20.7%
Debt / assets负债/资产
83.1%
Profit growth利润增速
+1.8%
Asset growth资产增速
+8.0%
Accounting quality checks会计质量检查
- Earnings quality: accruals near the peer median盈利质量：应计利润接近同业中位
- Working capital: inventory & receivables lean vs sales营运资本：存货与应收相对销售保持精简
- Pricing power: gross margin +9.4pts over 6 years定价能力：毛利率 6 年上升 9.4 个百分点
- Capital discipline: investment near the peer median资本纪律：投资力度接近同业中位
- Balance sheet: Altman Z 2.39 — grey zone资产负债表：Altman Z 2.39——灰色区
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
77
RSI (2-day)RSI（2日）
82
vs 20-day average相对20日均线
+19.0%
vs 50-day average相对50日均线
+31.1%
vs 200-day average相对200日均线
+40.9%
Golden cross (50>200)金叉（50>200）
in effect生效中
MACDMACD
above signal位于信号线上方
Timeframe alignment多周期共振
Daily日线
momentum up动能向上
3-day3日线
momentum up动能向上
Weekly周线
momentum up动能向上
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range state波幅状态
expanding — range opening up扩张中 — 波幅放大
Range width percentile波幅宽度分位
91/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Surprise history超预期历史
| Quarter季度 | Reported实际 | Expected预期 | Surprise超预期 |
|---|---|---|---|
| Mar 2026 | $6.02 | $5.69 | +5.8% |
| Dec 2025 | $-1.84 | $-1.96 | +6.1% |
| Sep 2025 | $-1.20 | $-1.40 | +14.3% |
| Jun 2025 | $2.27 | $2.81 | -19.2% |
Estimate revisions预期修正
Analysts covering覆盖分析师
4
Estimate direction预期调整方向
mostly raising多数上调
Estimate change, 90 days预期变化（90天）
+5.0%
Net upgrades, 30 days净上调（30天）
+4
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Tracked funds holding it跟踪基金持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | Position市值 |
|---|---|---|---|---|
| Himalaya Capital (Li Lu) | D | New position新建仓 | 1.6% | $52M |
Fund positioning基金持仓概览
Tracked funds in the name持有该股的跟踪基金
1
Buying vs selling买入vs卖出
1 : 0
Insiders & shorts内部人与空头
Short interest空头占流通盘
13.7%
Days to cover回补天数
9.6
Short interest change空头变化
-2.5%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Seasonality — full detail季节性 — 完整明细
Strongest month最强月份
Mar · 100%
Weakest month最弱月份
Oct · 0%
Month by month逐月统计
| Month月份 | Closed higher收涨占比 | Median move中位涨跌 | Years年数 |
|---|---|---|---|
| Jan1月 | 33% | -3.0% | 3 |
| Feb2月 | 33% | -1.3% | 3 |
| Mar3月 | 100% | +2.0% | 3 |
| Apr4月 | 67% | +0.5% | 3 |
| May5月 | 67% | +5.7% | 3 |
| Jun6月 | 67% | +0.6% | 3 |
| Jul7月 | 75% | +6.8% | 4 |
| Aug8月 | 75% | +17.9% | 4 |
| Sep9月 | 100% | +1.5% | 3 |
| Oct10月 | 0% | -4.6% | 3 |
| Nov11月 | 67% | +0.1% | 3 |
| Dec12月 | 67% | +4.5% | 3 |
History is a tendency, not a promise — small samples wobble.历史规律只是倾向而非保证 — 样本少时波动大。
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。