Jefferies Financial Group Inc. JEF is a diversified financial services company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on JEF’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Jefferies Financial could be a solid choice for investors.
Current Quarter Estimates for JEF
In the past 30 days, one estimate has gone higher for Jefferies Financial while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from a loss of 4 cents a share 30 days ago to earnings of 11 cents today.
Current Year Estimates for JEF
Meanwhile, Jefferies Financial’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 46 cents per share 30 days ago to 74 cents per share today, an increase of 60.9%.
Jefferies Financial Group Inc. Price and Consensus
The stock has also started to move higher lately, adding 9.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Jefferies Financial Group Inc. (JEF): Free Stock Analysis Report
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