does revenue seasonality translate to vol seasonality?

Friends,Last month H&R Block (NYSE: HRB) sold off hard on AI fears. Implied volatility soared to a new 1-year high. I wouldn’t have noticed if I wasn’t prepping materials for the kids’ Investment Beginnings Class. In the class, we learn how growth expectations as embodied by P/E multiples combined with what earnings materialize to generate a return that is some mix of reality and how those expectations are revised as investors “see the flop”. HRB is a low P/E, high earnings yield company whose g...