Jefferies (JEF) reported $2.07 billion in revenue for the quarter ended November 2025, representing a year-over-year increase of 5.7%. EPS of $0.96 for the same period compares to $1.05 a year ago.
The reported revenue represents a surprise of +6.93% over the Zacks Consensus Estimate of $1.93 billion. With the consensus EPS estimate being $0.83, 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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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 million versus the two-analyst average estimate of $94.31 million. The reported number represents a year-over-year change of -40.6%.
- Net Revenues by Source- Total Investment Banking and Capital Markets Net revenues: $1.88 billion versus the two-analyst average estimate of $1.86 billion. The reported number represents a year-over-year change of +14.7%.
- Net Revenues by Source- Total Asset Management Net revenues- Investment return: $65.02 million versus $-8.54 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -36.1% change.
- Net Revenues by Source- Total Asset Management Net revenues- Allocated net interest: $-21.13 million versus $-18.55 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +39.9% change.
- Net Revenues by Source- Total Capital Markets: $691.91 million compared to the $681.29 million average estimate based on two analysts. The reported number represents a change of +6.2% year over year.
- Net Revenues by Source- Total Capital Markets- Equities: $485.87 million versus $441.58 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +18.3% change.
- Net Revenues by Source- Total Capital Markets- Fixed income: $206.05 million versus $239.72 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -14.5% change.
- Net Revenues by Source- Total Investment Banking- Total underwriting- Advisory: $634.2 million compared to the $637.79 million average estimate based on two analysts. The reported number represents a change of +6.3% year over year.
- Net Revenues by Source- Total Investment Banking- Other investment banking: $-1.78 million versus the two-analyst average estimate of $30 million. The reported number represents a year-over-year change of -106.5%.
- Net Revenues by Source- Total Investment Banking: $1.19 billion compared to the $1.18 billion average estimate based on two analysts. The reported number represents a change of +20.4% year over year.
- Net Revenues by Source- Total Investment Banking- Total underwriting- Debt underwriting: $215.76 million versus the two-analyst average estimate of $227.88 million. The reported number represents a year-over-year change of +25.8%.
- Net Revenues by Source- Total Investment Banking- Total underwriting- Equity underwriting: $339.8 million compared to the $287.91 million average estimate based on two analysts. The reported number represents a change of +77.7% year over year.
View all Key Company Metrics for Jefferies here>>>
Shares of Jefferies have returned +11.2% over the past month versus the Zacks S&P 500 composite's +1.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Jefferies Financial Group Inc. (JEF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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