For the quarter ended May 2023, Jefferies (JEF - Free Report) reported revenue of $1.04 billion, down 24.2% over the same period last year. EPS came in at $0.29, compared to $0.46 in the year-ago quarter.
The reported revenue represents a surprise of -5.93% over the Zacks Consensus Estimate of $1.1 billion. With the consensus EPS estimate being $0.33, the EPS surprise was -12.12%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Jefferies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Revenues- Total Asset Management: $58.63 million compared to the $96.20 million average estimate based on two analysts.
- Net Revenues by Source- Asset Management- Asset management fees and revenues: $15.93 million compared to the $18.85 million average estimate based on two analysts.
- Net Revenues by Source- Asset Management- Investment return: $32.48 million versus $37.58 million estimated by two analysts on average.
- Net Revenues by Source- Asset Management- Allocated net interest: -$8.23 million versus the two-analyst average estimate of -$3.44 million.
- Net Revenues by Source- Total capital markets: $542.69 million versus the two-analyst average estimate of $498 million.
- Net Revenues by Source- Total capital markets- Equities: $283.32 million versus the two-analyst average estimate of $273.88 million.
- Net Revenues- Investment Banking & Capital Markets: $1.05 billion compared to the $1.04 billion average estimate based on two analysts.
- Net Revenues by Source- Total investment banking- Advisory: $254.16 million versus the two-analyst average estimate of $212.06 million.
- Net Revenues by Source- Total investment banking- Other investment banking: $17.34 million versus the two-analyst average estimate of $45 million.
- Net Revenues by Source- Total investment banking- Total investment banking: $509.81 million versus $538.54 million estimated by two analysts on average.
- Net Revenues by Source- Total investment banking- Debt underwriting: $89.89 million versus $120.32 million estimated by two analysts on average.
- Net Revenues by Source- Total investment banking- Equity underwriting: $148.43 million compared to the $161.17 million average estimate based on two analysts.
View all Key Company Metrics for Jefferies here>>>Shares of Jefferies have returned +3.3% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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For the quarter ended May 2023, Jefferies (JEF - Free Report) reported revenue of $1.04 billion, down 24.2% over the same period last year. EPS came in at $0.29, compared to $0.46 in the year-ago quarter.
The reported revenue represents a surprise of -5.93% over the Zacks Consensus Estimate of $1.1 billion. With the consensus EPS estimate being $0.33, the EPS surprise was -12.12%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Jefferies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Revenues- Total Asset Management: $58.63 million compared to the $96.20 million average estimate based on two analysts.
- Net Revenues by Source- Asset Management- Asset management fees and revenues: $15.93 million compared to the $18.85 million average estimate based on two analysts.
- Net Revenues by Source- Asset Management- Investment return: $32.48 million versus $37.58 million estimated by two analysts on average.
- Net Revenues by Source- Asset Management- Allocated net interest: -$8.23 million versus the two-analyst average estimate of -$3.44 million.
- Net Revenues by Source- Total capital markets: $542.69 million versus the two-analyst average estimate of $498 million.
- Net Revenues by Source- Total capital markets- Equities: $283.32 million versus the two-analyst average estimate of $273.88 million.
- Net Revenues- Investment Banking & Capital Markets: $1.05 billion compared to the $1.04 billion average estimate based on two analysts.
- Net Revenues by Source- Total investment banking- Advisory: $254.16 million versus the two-analyst average estimate of $212.06 million.
- Net Revenues by Source- Total investment banking- Other investment banking: $17.34 million versus the two-analyst average estimate of $45 million.
- Net Revenues by Source- Total investment banking- Total investment banking: $509.81 million versus $538.54 million estimated by two analysts on average.
- Net Revenues by Source- Total investment banking- Debt underwriting: $89.89 million versus $120.32 million estimated by two analysts on average.
- Net Revenues by Source- Total investment banking- Equity underwriting: $148.43 million compared to the $161.17 million average estimate based on two analysts.
View all Key Company Metrics for Jefferies here>>>Shares of Jefferies have returned +3.3% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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