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Jefferies (JEF) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended February 2025, Jefferies (JEF - Free Report) reported revenue of $1.59 billion, down 8.4% over the same period last year. EPS came in at $0.60, compared to $0.87 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.84 billion, representing a surprise of -13.66%. The company delivered an EPS surprise of -31.82%, with the consensus EPS estimate being $0.88.
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 by Source- Total Asset Management Net revenues: $191.72 million versus the two-analyst average estimate of $269.91 million. The reported number represents a year-over-year change of -29.9%.
Net Revenues by Source- Total Investment Banking and Capital Markets Net revenues: $1.40 billion versus the two-analyst average estimate of $1.57 billion. The reported number represents a year-over-year change of -3.6%.
Net Revenues by Source- Total Asset Management Net revenues- Investment return: -$5.63 million versus the two-analyst average estimate of $108.15 million. The reported number represents a year-over-year change of -104.8%.
Net Revenues by Source- Total Asset Management Net revenues- Allocated net interest: -$17.22 million versus -$15.10 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14.7% change.
Net Revenues by Source- Total Capital Markets: $698.28 million versus the two-analyst average estimate of $793.98 million. The reported number represents a year-over-year change of -1.9%.
Net Revenues by Source- Total Capital Markets- Equities: $409.06 million versus the two-analyst average estimate of $420.55 million. The reported number represents a year-over-year change of +13.9%.
Net Revenues by Source- Total Capital Markets- Fixed income: $289.23 million compared to the $373.42 million average estimate based on two analysts. The reported number represents a change of -17.9% year over year.
Net Revenues by Source- Total Investment Banking- Total underwriting- Advisory: $397.78 million versus $457.22 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +17.5% change.
Net Revenues by Source- Total Investment Banking- Other investment banking: -$24.97 million versus $33.13 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -139.9% change.
Net Revenues by Source- Total Investment Banking: $700.69 million versus $779.45 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -5.3% change.
Net Revenues by Source- Total Investment Banking- Total underwriting- Debt underwriting: $199.36 million compared to the $159.14 million average estimate based on two analysts. The reported number represents a change of +54.3% year over year.
Net Revenues by Source- Total Investment Banking- Total underwriting- Equity underwriting: $128.52 million compared to the $129.95 million average estimate based on two analysts. The reported number represents a change of -38.6% year over year.
Shares of Jefferies have returned -4.8% over the past month versus the Zacks S&P 500 composite's -2.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Jefferies (JEF) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended February 2025, Jefferies (JEF - Free Report) reported revenue of $1.59 billion, down 8.4% over the same period last year. EPS came in at $0.60, compared to $0.87 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.84 billion, representing a surprise of -13.66%. The company delivered an EPS surprise of -31.82%, with the consensus EPS estimate being $0.88.
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 by Source- Total Asset Management Net revenues: $191.72 million versus the two-analyst average estimate of $269.91 million. The reported number represents a year-over-year change of -29.9%.
- Net Revenues by Source- Total Investment Banking and Capital Markets Net revenues: $1.40 billion versus the two-analyst average estimate of $1.57 billion. The reported number represents a year-over-year change of -3.6%.
- Net Revenues by Source- Total Asset Management Net revenues- Investment return: -$5.63 million versus the two-analyst average estimate of $108.15 million. The reported number represents a year-over-year change of -104.8%.
- Net Revenues by Source- Total Asset Management Net revenues- Allocated net interest: -$17.22 million versus -$15.10 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14.7% change.
- Net Revenues by Source- Total Capital Markets: $698.28 million versus the two-analyst average estimate of $793.98 million. The reported number represents a year-over-year change of -1.9%.
- Net Revenues by Source- Total Capital Markets- Equities: $409.06 million versus the two-analyst average estimate of $420.55 million. The reported number represents a year-over-year change of +13.9%.
- Net Revenues by Source- Total Capital Markets- Fixed income: $289.23 million compared to the $373.42 million average estimate based on two analysts. The reported number represents a change of -17.9% year over year.
- Net Revenues by Source- Total Investment Banking- Total underwriting- Advisory: $397.78 million versus $457.22 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +17.5% change.
- Net Revenues by Source- Total Investment Banking- Other investment banking: -$24.97 million versus $33.13 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -139.9% change.
- Net Revenues by Source- Total Investment Banking: $700.69 million versus $779.45 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -5.3% change.
- Net Revenues by Source- Total Investment Banking- Total underwriting- Debt underwriting: $199.36 million compared to the $159.14 million average estimate based on two analysts. The reported number represents a change of +54.3% year over year.
- Net Revenues by Source- Total Investment Banking- Total underwriting- Equity underwriting: $128.52 million compared to the $129.95 million average estimate based on two analysts. The reported number represents a change of -38.6% year over year.
View all Key Company Metrics for Jefferies here>>>Shares of Jefferies have returned -4.8% over the past month versus the Zacks S&P 500 composite's -2.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.