Here's What Key Metrics Tell Us About Jefferies (JEF) Q3 Earnings
For the quarter ended August 2023, Jefferies (JEF) 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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Jefferies Financial Group Inc. (JEF) : Free Stock Analysis Report
