Jefferies (JEF Quick QuoteJEF - Free Report) reported $2.02 billion in revenue for the quarter ended February 2026, representing a year-over-year increase of 26.6%. EPS of $0.89 for the same period compares to $0.60 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $2.01 billion, representing a surprise of +0.51%. The company delivered an EPS surprise of +0.57%, with the consensus EPS estimate being $0.89.

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: $220.26 million versus $190.81 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14.9% change.
• Net Revenues by Source- Total Investment Banking and Capital Markets Net revenues: $1.8 billion versus the two-analyst average estimate of $1.82 billion. The reported number represents a year-over-year change of +28.4%.
• Net Revenues by Source- Total Asset Management Net revenues- Investment return: $88.99 million compared to the $19.04 million average estimate based on two analysts. The reported number represents a change of -1679.6% year over year.
• Net Revenues by Source- Total Asset Management Net revenues- Allocated net interest: $-22.24 million versus $-20.57 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +29.1% change.
• Net Revenues by Source- Total Capital Markets: $778.76 million versus $718.78 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.5% change.
• Net Revenues by Source- Total Capital Markets- Equities: $558.49 million compared to the $464.28 million average estimate based on two analysts. The reported number represents a change of +36.5% year over year.
• Net Revenues by Source- Total Capital Markets- Fixed income: $220.27 million versus the two-analyst average estimate of $254.5 million. The reported number represents a year-over-year change of -23.8%.
• Net Revenues by Source- Total Investment Banking- Total underwriting- Advisory: $527.13 million compared to the $527.55 million average estimate based on two analysts. The reported number represents a change of +32.5% year over year.
• Net Revenues by Source- Total Investment Banking- Other investment banking: $2.34 million versus the two-analyst average estimate of $12.5 million. The reported number represents a year-over-year change of -109.4%.
• Net Revenues by Source- Total Investment Banking: $1.02 billion versus $1.1 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +45.2% change.
• Net Revenues by Source- Total Investment Banking- Total underwriting- Debt underwriting: $181.86 million versus the two-analyst average estimate of $197.58 million. The reported number represents a year-over-year change of -8.8%.
• Net Revenues by Source- Total Investment Banking- Total underwriting- Equity underwriting: $305.97 million versus $358.69 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +138.1% change.

View all Key Company Metrics for Jefferies here>>>

Shares of Jefferies have returned -19.4% over the past month versus the Zacks S&P 500 composite's -4.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.