Jefferies (JEF Quick QuoteJEF - Free Report) reported $2.05 billion in revenue for the quarter ended August 2025, representing a year-over-year increase of 21.6%. EPS of $1.05 for the same period compares to $0.75 a year ago.

The reported revenue represents a surprise of +8.2% over the Zacks Consensus Estimate of $1.89 billion. With the consensus EPS estimate being $0.79, the EPS surprise was +32.91%.

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: $176.88 million versus $158.61 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +199.7% change.
• Net Revenues by Source- Total Investment Banking and Capital Markets Net revenues: $1.86 billion versus $1.73 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14.7% change.
• Net Revenues by Source- Total Asset Management Net revenues- Investment return: $68.03 million versus $54.88 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -269.5% change.
• Net Revenues by Source- Total Asset Management Net revenues- Allocated net interest: $-18.55 million versus the two-analyst average estimate of $-18.66 million. The reported number represents a year-over-year change of +15.8%.
• Net Revenues by Source- Total Capital Markets: $723.38 million versus $709.12 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.9% change.
• Net Revenues by Source- Total Capital Markets- Equities: $486.7 million compared to the $422.83 million average estimate based on two analysts. The reported number represents a change of +27.6% year over year.
• Net Revenues by Source- Total Capital Markets- Fixed income: $236.69 million compared to the $286.29 million average estimate based on two analysts. The reported number represents a change of -18.2% year over year.
• Net Revenues by Source- Total Investment Banking- Total underwriting- Advisory: $655.58 million compared to the $662.11 million average estimate based on two analysts. The reported number represents a change of +10.7% year over year.
• Net Revenues by Source- Total Investment Banking- Other investment banking: $49.02 million versus the two-analyst average estimate of $-2.5 million. The reported number represents a year-over-year change of +105.6%.
• Net Revenues by Source- Total Investment Banking: $1.14 billion compared to the $1.02 billion average estimate based on two analysts. The reported number represents a change of +19.6% year over year.
• Net Revenues by Source- Total Investment Banking- Total underwriting- Debt underwriting: $249.53 million versus the two-analyst average estimate of $191.28 million. The reported number represents a year-over-year change of +36.3%.
• Net Revenues by Source- Total Investment Banking- Total underwriting- Equity underwriting: $181.21 million compared to the $172.46 million average estimate based on two analysts. The reported number represents a change of +20.7% year over year.

View all Key Company Metrics for Jefferies here>>>

Shares of Jefferies have returned +2.9% over the past month versus the Zacks S&P 500 composite's +2.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.