For the quarter ended August 2023, Jefferies (JEF - Free Report) reported revenue of $1.18 billion, down 22.5% over the same period last year. EPS came in at $0.32, compared to $1.10 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.26 billion, representing a surprise of -5.87%. The company delivered an EPS surprise of -5.88%, with the consensus EPS estimate being $0.34.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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 by Source- Total Asset Management Net revenues: $10.14 million compared to the $87.30 million average estimate based on two analysts.
- Net Revenues by Source- Total Asset Management Net revenues- Asset management fees and revenues: $16.36 million compared to the $17.14 million average estimate based on two analysts.
- Net Revenues by Source- Total Asset Management Net revenues- Investment return: $31.66 million compared to the $39.02 million average estimate based on two analysts.
- Net Revenues by Source- Total Asset Management Net revenues- Allocated net interest: -$12.73 million compared to the -$7.65 million average estimate based on two analysts.
- Net Revenues by Source- Total Capital Markets: $523.59 million compared to the $530.32 million average estimate based on two analysts.
- Net Revenues by Source- Total Capital Markets- Equities: $268.02 million versus $290.40 million estimated by two analysts on average.
- Net Revenues by Source- Total Investment Banking and Capital Markets Net revenues: $1.17 billion versus $1.21 billion estimated by two analysts on average.
- Net Revenues by Source- Total Investment Banking- Total underwriting- Advisory: $335.27 million versus the two-analyst average estimate of $336.46 million.
- Net Revenues by Source- Total Investment Banking- Other investment banking: $44.45 million compared to the $36.40 million average estimate based on two analysts.
- Net Revenues by Source- Total Investment Banking: $644.64 million versus the two-analyst average estimate of $683.98 million.
- Net Revenues by Source- Total Investment Banking- Total underwriting- Debt underwriting: $110.71 million compared to the $114.71 million average estimate based on two analysts.
- Net Revenues by Source- Total Investment Banking- Total underwriting- Equity underwriting: $154.21 million compared to the $196.43 million average estimate based on two analysts.
View all Key Company Metrics for Jefferies here>>>Shares of Jefferies have returned +1.9% over the past month versus the Zacks S&P 500 composite's -2.9% 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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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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For the quarter ended August 2023, Jefferies (JEF - Free Report) reported revenue of $1.18 billion, down 22.5% over the same period last year. EPS came in at $0.32, compared to $1.10 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.26 billion, representing a surprise of -5.87%. The company delivered an EPS surprise of -5.88%, with the consensus EPS estimate being $0.34.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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 by Source- Total Asset Management Net revenues: $10.14 million compared to the $87.30 million average estimate based on two analysts.
- Net Revenues by Source- Total Asset Management Net revenues- Asset management fees and revenues: $16.36 million compared to the $17.14 million average estimate based on two analysts.
- Net Revenues by Source- Total Asset Management Net revenues- Investment return: $31.66 million compared to the $39.02 million average estimate based on two analysts.
- Net Revenues by Source- Total Asset Management Net revenues- Allocated net interest: -$12.73 million compared to the -$7.65 million average estimate based on two analysts.
- Net Revenues by Source- Total Capital Markets: $523.59 million compared to the $530.32 million average estimate based on two analysts.
- Net Revenues by Source- Total Capital Markets- Equities: $268.02 million versus $290.40 million estimated by two analysts on average.
- Net Revenues by Source- Total Investment Banking and Capital Markets Net revenues: $1.17 billion versus $1.21 billion estimated by two analysts on average.
- Net Revenues by Source- Total Investment Banking- Total underwriting- Advisory: $335.27 million versus the two-analyst average estimate of $336.46 million.
- Net Revenues by Source- Total Investment Banking- Other investment banking: $44.45 million compared to the $36.40 million average estimate based on two analysts.
- Net Revenues by Source- Total Investment Banking: $644.64 million versus the two-analyst average estimate of $683.98 million.
- Net Revenues by Source- Total Investment Banking- Total underwriting- Debt underwriting: $110.71 million compared to the $114.71 million average estimate based on two analysts.
- Net Revenues by Source- Total Investment Banking- Total underwriting- Equity underwriting: $154.21 million compared to the $196.43 million average estimate based on two analysts.
View all Key Company Metrics for Jefferies here>>>Shares of Jefferies have returned +1.9% over the past month versus the Zacks S&P 500 composite's -2.9% 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.
Zacks 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.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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