Raymond James Financial, Inc. (RJF) Reports Q4 Earnings: What Key Metrics Have to Say
Raymond James Financial, Inc. (RJF) reported $3.05 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 7.8%. EPS of $2.13 for the same period compares to $2.08 a year ago.
The reported revenue represents a surprise of +1.97% over the Zacks Consensus Estimate of $2.99 billion. With the consensus EPS estimate being $2.28, the EPS surprise was -6.58%.
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 Raymond James Financial, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Tier 1 Capital Ratio: 21.4% versus the two-analyst average estimate of 20.6%.
Tier 1 Leverage Ratio: 11.9% compared to the 11.7% average estimate based on two analysts.
Total Capital Ratio: 22.8% compared to the 21.8% average estimate based on two analysts.
Revenues- Asset management and related administrative fees: $1.45 billion versus $1.43 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +12.1% change.
Revenues- Investment banking: $202 million compared to the $152.39 million average estimate based on four analysts. The reported number represents a change of -6.9% year over year.
Revenues- Account and service fees: $314 million versus $292.84 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +18.1% change.
Revenues- Interest income: $1.02 billion compared to the $997.34 million average estimate based on four analysts. The reported number represents a change of +52.8% year over year.
Net Revenues- Total brokerage revenues: $480 million compared to the $475.52 million average estimate based on four analysts. The reported number represents a change of -0.2% year over year.
Principal transactions: $98 million versus $110.91 million estimated by three analysts on average.
Revenues- Brokerage revenues- Securities Commissions and Fees: $382 million compared to the $368.44 million average estimate based on three analysts. The reported number represents a change of +7% year over year.
Total Revenues- Other: $47 million versus $75.32 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -41.3% change.
Capital Markets- Investment Banking: $194 million versus $160.42 million estimated by two analysts on average.
View all Key Company Metrics for Raymond James Financial, Inc. here>>>
Shares of Raymond James Financial, Inc. have returned -5.1% over the past month versus the Zacks S&P 500 composite's -1.6% 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Raymond James Financial, Inc. (RJF) : Free Stock Analysis Report
