There does not seem to be any reason to get excited about H&R Block stock performance.
The tax environment is very competitive. More and more tax payers are using tax preparation software to file their taxes. It’s become more difficult for H&R Block to make money like it used to.
The company will likely face more challenges if a tax simplification program is introduced because it would likely reduce the need for services H&R Block offers.
H&R Block stock is currently down more than 7% today.