Jefferies (JEF) reported $1.63 billion in revenue for the quarter ended May 2025, representing a year-over-year decline of 1.3%. EPS of $0.43 for the same period compares to $0.67 a year ago.
The reported revenue represents a surprise of +5.13% over the Zacks Consensus Estimate of $1.55 billion. With the consensus EPS estimate being $0.43, the company has not delivered EPS surprise.
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 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: $154.62 million versus the two-analyst average estimate of $128.63 million. The reported number represents a year-over-year change of -1.2%.
- Net Revenues by Source- Total Investment Banking and Capital Markets Net revenues: $1.47 billion compared to the $1.42 billion average estimate based on two analysts. The reported number represents a change of -1.6% year over year.
- Net Revenues by Source- Total Asset Management Net revenues- Investment return: $50.40 million compared to the $16.25 million average estimate based on two analysts. The reported number represents a change of +53% year over year.
- Net Revenues by Source- Total Asset Management Net revenues- Allocated net interest: -$19.14 million versus -$17.22 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +19.6% change.
- Net Revenues by Source- Total Capital Markets: $704.16 million versus $720.30 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.9% change.
- Net Revenues by Source- Total Capital Markets- Equities: $526.24 million versus $446.78 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +29.3% change.
- Net Revenues by Source- Total Capital Markets- Fixed income: $177.91 million versus the two-analyst average estimate of $273.52 million. The reported number represents a year-over-year change of -37.4%.
- Net Revenues by Source- Total Investment Banking- Total underwriting- Advisory: $457.86 million versus $389.88 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +61.3% change.
- Net Revenues by Source- Total Investment Banking- Other investment banking: -$19.28 million versus the two-analyst average estimate of $12.50 million. The reported number represents a year-over-year change of -129.9%.
- Net Revenues by Source- Total Investment Banking: $766.31 million compared to the $704.64 million average estimate based on two analysts. The reported number represents a change of -4.6% year over year.
- Net Revenues by Source- Total Investment Banking- Total underwriting- Debt underwriting: $205.36 million versus $160.34 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.1% change.
- Net Revenues by Source- Total Investment Banking- Total underwriting- Equity underwriting: $122.37 million versus the two-analyst average estimate of $141.93 million. The reported number represents a year-over-year change of -50.9%.
Shares of Jefferies have returned +11.2% over the past month versus the Zacks S&P 500 composite's +5.1% 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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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
