Jefferies (JEF) reported $2.21 billion in revenue for the quarter ended May 2026, representing a year-over-year increase of 35%. EPS of $1.03 for the same period compares to $0.43 a year ago.
The reported revenue represents a surprise of -0.61% over the Zacks Consensus Estimate of $2.22 billion. With the consensus EPS estimate being $1.09, the EPS surprise was -5.51%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: $187.72 million versus the two-analyst average estimate of $150.8 million. The reported number represents a year-over-year change of +21.4%. Net Revenues by Source- Total Investment Banking and Capital Markets Net revenues: $2.01 billion versus the two-analyst average estimate of $1.97 billion. The reported number represents a year-over-year change of +36.4%. Net Revenues by Source- Total Asset Management Net revenues- Investment return: $31.04 million compared to the $49.77 million average estimate based on two analysts. The reported number represents a change of -38.4% year over year. Net Revenues by Source- Total Asset Management Net revenues- Allocated net interest: $-22.94 million compared to the $-22.24 million average estimate based on two analysts. The reported number represents a change of +19.8% year over year. Net Revenues by Source- Total Capital Markets: $799.29 million compared to the $793.08 million average estimate based on two analysts. The reported number represents a change of +13.5% year over year. Net Revenues by Source- Total Capital Markets- Equities: $600.75 million versus the two-analyst average estimate of $590.7 million. The reported number represents a year-over-year change of +14.2%. Net Revenues by Source- Total Capital Markets- Fixed income: $198.54 million compared to the $202.35 million average estimate based on two analysts. The reported number represents a change of +11.6% year over year. Net Revenues by Source- Total Investment Banking- Total underwriting- Advisory: $674.12 million compared to the $612.92 million average estimate based on two analysts. The reported number represents a change of +47.2% year over year. Net Revenues by Source- Total Investment Banking- Other investment banking: $1.83 million versus the two-analyst average estimate of $17.5 million. The reported number represents a year-over-year change of -109.5%. Net Revenues by Source- Total Investment Banking: $1.21 billion versus $1.17 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +57.5% change. Net Revenues by Source- Total Investment Banking- Total underwriting- Debt underwriting: $160.19 million versus $208.24 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -22% change. Net Revenues by Source- Total Investment Banking- Total underwriting- Equity underwriting: $370.69 million versus $334.65 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +202.9% change.View all Key Company Metrics for Jefferies here>>>
Shares of Jefferies have returned +16.5% over the past month versus the Zacks S&P 500 composite's -1.3% 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.7 Best Stocks for the Next 30 Days
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Jefferies Financial Group Inc. (JEF): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).