A month has gone by since the last earnings report for H&R Block (HRB). Shares have added about 10.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is H&R Block due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. H&R Block Surpasses Q1 Earnings & Revenue Estimates H&R Block reported better-than-expected first-quarter fiscal 2021 results.Adjusted earnings per share of 55 cents beat the Zacks Consensus Estimate by 48.7%. The company had suffered a loss of 72 cents per share in the year-ago quarter. Revenues of $601 million surpassed the consensus estimate by 7.7% and increased more than 100% year over year. This significant year-over-year improvement in both the top and bottom lines is due to the extended tax season in response to the coronavirus pandemic. The deadline for Federal filing was extended to Jul 15.Other Quarterly NumbersEarnings before interest, tax, depreciation and amortization from continuing operations came in at $195.7 million compared with a loss of $147.4 million in the year-ago quarter. Adjusted EBITDA margin from continuous operations came in at 32.6% in the quarter. Total operating expenses were $448.1 million, up 29.7% year over year.H&R Block exited the quarter with cash and cash equivalents balance of $2.6 billion compared with $2.7 billion at the end of the prior quarter. Long-term debt and line-of-credit borrowings were $3.5 billion compared with $2.8 billion at the end of the previous quarter.The company used $20.5 million of cash in operating activities and capex was $8.3 million. The company paid out dividends of $50 million in the quarter. How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended downward during the past month.VGM ScoresCurrently, H&R Block has an average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions has been net zero. Notably, H&R Block has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HR Block, Inc. (HRB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research