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Compared to Estimates, Jefferies (JEF) Q2 Earnings: A Look at Key Metrics

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Jefferies (JEF - Free Report) reported $1.63 billion in revenue for the quarter ended May 2025, representing a year-over-year decline of 1.3%. EPS of $0.43 for the same period compares to $0.67 a year ago.

The reported revenue represents a surprise of +5.13% over the Zacks Consensus Estimate of $1.55 billion. With the consensus EPS estimate being $0.43, the company has not delivered EPS surprise.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

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: $154.62 million versus the two-analyst average estimate of $128.63 million. The reported number represents a year-over-year change of -1.2%.
  • Net Revenues by Source- Total Investment Banking and Capital Markets Net revenues: $1.47 billion compared to the $1.42 billion average estimate based on two analysts. The reported number represents a change of -1.6% year over year.
  • Net Revenues by Source- Total Asset Management Net revenues- Investment return: $50.40 million compared to the $16.25 million average estimate based on two analysts. The reported number represents a change of +53% year over year.
  • Net Revenues by Source- Total Asset Management Net revenues- Allocated net interest: -$19.14 million versus -$17.22 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +19.6% change.
  • Net Revenues by Source- Total Capital Markets: $704.16 million versus $720.30 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.9% change.
  • Net Revenues by Source- Total Capital Markets- Equities: $526.24 million versus $446.78 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +29.3% change.
  • Net Revenues by Source- Total Capital Markets- Fixed income: $177.91 million versus the two-analyst average estimate of $273.52 million. The reported number represents a year-over-year change of -37.4%.
  • Net Revenues by Source- Total Investment Banking- Total underwriting- Advisory: $457.86 million versus $389.88 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +61.3% change.
  • Net Revenues by Source- Total Investment Banking- Other investment banking: -$19.28 million versus the two-analyst average estimate of $12.50 million. The reported number represents a year-over-year change of -129.9%.
  • Net Revenues by Source- Total Investment Banking: $766.31 million compared to the $704.64 million average estimate based on two analysts. The reported number represents a change of -4.6% year over year.
  • Net Revenues by Source- Total Investment Banking- Total underwriting- Debt underwriting: $205.36 million versus $160.34 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.1% change.
  • Net Revenues by Source- Total Investment Banking- Total underwriting- Equity underwriting: $122.37 million versus the two-analyst average estimate of $141.93 million. The reported number represents a year-over-year change of -50.9%.
View all Key Company Metrics for Jefferies here>>>

Shares of Jefferies have returned +11.2% over the past month versus the Zacks S&P 500 composite's +5.1% 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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