Jefferies Financial Group Inc JEF delivered mixed fourth-quarter results after Wednesday's closing bell, with earnings falling short of expectations but analysts highlighting the company's strong position to benefit from a capital markets recovery.
A solid resurgence in the IB business and higher capital markets revenues support Jefferies' fiscal Q4 earnings. However, rising expenses are a headwind.
Jefferies Group (NYSE:JEF) has reported a spike in fourth quarter profit thanks to a bumper performance in its retail banking division. Pre-tax earnings more than tripled to US$304.9 million over the quarter, as net revenue jumped 63% to US$1.96 billion, Jefferies reported on Wednesday.
The headline numbers for Jefferies (JEF) give insight into how the company performed in the quarter ended November 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Jefferies (JEF) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.30 per share a year ago.
Jefferies Financial's profit more than tripled in the fourth quarter as the investment bank earned higher fees from advising on deals and underwriting activity remained strong, it reported on Wednesday.
Improvement in IB and trading business performance is likely to have aided JEF's fiscal Q4 earnings while rising expenses are expected to have hurt.
Beyond analysts' top -and-bottom-line estimates for Jefferies (JEF), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended November 2024.
Jefferies (JEF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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