Overview
Financial services firm's Q4 revenue rose, beating analyst expectations
Net income for Q4 missed analysts' estimates
Company declared quarterly cash dividend of $0.40 per share
Outlook
Company focuses on technology investments to enhance productivity and client solutions
Jefferies aims for long-term growth through strategic initiatives and market share gains
Result Drivers
INVESTMENT BANKING GROWTH - Investment Banking net revenues increased 20% year-over-year, driven by market share gains and a stronger market environment
EQUITIES PERFORMANCE - Equities net revenues grew 18%, supported by higher global volumes and market share gains
FIXED INCOME DECLINE - Fixed Income net revenues declined 14% due to credit market headwinds
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $2.07 bln | $1.97 bln (4 Analysts) |
Q4 Net Income | Miss | $190.89 mln | $215.90 mln (3 Analysts) |
Q4 EPS Cont Ops | $0.87 |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment banking & brokerage services peer group is "buy"
Wall Street's median 12-month price target for Jefferies Financial Group Inc is $76.00, about 14.7% above its January 6 closing price of $66.26
Press Release: ID:nBw1QFWJHa
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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