JEF Stock Recent News

The headline numbers for Jefferies (JEF) give insight into how the company performed in the quarter ended November 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Jefferies (JEF) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.30 per share a year ago.

Jefferies Financial's profit more than tripled in the fourth quarter as the investment bank earned higher fees from advising on deals and underwriting activity remained strong, it reported on Wednesday.

NEW YORK--(BUSINESS WIRE)--Jefferies Financial Group Inc. (NYSE: JEF): Q4 Financial Highlights $ in thousands, except per share amounts Quarter End   Year-to-Date     4Q24     4Q23       2024     2023   Net earnings attributable to common shareholders $ 205,746   $ 65,639     $ 669,273   $ 263,072   Diluted earnings per common share from continuing operations $ 0.91   $ 0.29     $ 2.96   $ 1.10   Return on adjusted tangible shareholders' equity from continuing operations1   12.7 %   4.1 %     1.

Jefferies (JEF) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

Improvement in IB and trading business performance is likely to have aided JEF's fiscal Q4 earnings while rising expenses are expected to have hurt.

Melius Research upgraded American Airlines to Buy from Hold with a price target of $23, up from $18. TD Cowen and Jefferies also upgraded American this morning. The firm says that given its "constructive view" of the U.S. airline industry in 2025, American at current share levels is "appealing." Melius sees above-industry unit revenue growth for American and "additional optionality" in regaining lost corporate share. While concerns remain on the company's balance sheet, "idiosyncratic" margin improvement in 2025 will make the balance sheet issues "become much more fixable," contends Melius. Shares of American Airlines are up 5%, or 77c, to $17.74 in morning trading after three firms upgraded the name.

Beyond analysts' top -and-bottom-line estimates for Jefferies (JEF), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended November 2024.

Quarterly earnings are very important for a stock's valuation, so a miss can be cause for concern.

NEW YORK--(BUSINESS WIRE)--As previously announced, Jefferies Financial Group Inc. (NYSE: JEF) will host its annual Investor Day on Monday, October 21, 2024, at 9:00 a.m. in Manhattan. The meeting will include management presentations from Rich Handler, our Chief Executive Officer, Brian Friedman, our President, and leaders of our major businesses, as well as an opportunity to present questions to management. To register for the event, which will be hosted both in-person and virtually, investor.