- Earnings Per Share (EPS): Jefferies reported EPS of 75 cents, which was below the estimated 77 cents (based on 2 estimates).
- Net Revenue: Came in at $1.68 billion, slightly missing the estimate of $1.71 billion.
- Segment Revenues:
- Asset Management revenue was $59.0 million.
- Capital Markets and Investment Banking revenue was $1.62 billion.
- Other revenue was $4.45 million.
- Positive Remarks: The company expressed satisfaction with their profit margins and return metrics, showing optimism for the rest of 2024 and their outlook for 2025.
- Investment Banking Success: Net revenues of $949 million, up 18.2% from the prior quarter and 47.3% from the same quarter last year. This was attributed to increased advisory activity and the benefits of long-term investments in their platform.
- Fixed Income Growth: Fixed Income net revenues increased by 13.2% compared to the same quarter last year, driven by strong performance in credit trading businesses.
- Capital Markets Performance: Net revenues were up 28.1% from the same quarter last year, supported by favorable market conditions and diversified strengths across Equities and Fixed Income businesses.
- Global Team Confidence: The company believes they have an exceptional global team well-positioned to serve clients amid declining interest rates and increased capital markets and advisory activity.
- Analyst Ratings: The stock received 3 buy ratings and 2 hold ratings, with no sell ratings.
A look at Jefferies Financial Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Jefferies Financial Group Inc. is positioned to succeed in the long term, with Smartkarma Smart Scores painting an optimistic picture. With a solid Value score of 4, the company is deemed to be trading at an attractive valuation level. Coupled with a respectable Dividend score of 3, Jefferies offers a decent dividend payout to investors. While Growth and Resilience scores trend lower at 2 each, the company shines in terms of Momentum with a perfect score of 5, indicating strong forward momentum in its performance.
As a global diversified financial services company, Jefferies Financial Group focuses on investment banking, capital markets, asset management, and direct investing. Providing a comprehensive suite of investment banking and wealth management products and services, Jefferies is well-positioned to continue its growth trajectory in the future, buoyed by its favorable Smartkarma Smart Scores across key factors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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