Recap: Jefferies Financial Gr Q2 Earnings
Portfolio Pulse from Benzinga Insights
Jefferies Financial Gr (NYSE:JEF) reported its Q2 earnings results, missing estimated earnings by 77.78% with an EPS of $0.06 versus an estimate of $0.27. Revenue was down $331.39 million from the same period last year. Last quarter, the company beat on EPS by $0.12, which was followed by a 3.11% increase in the share price the next day.
June 27, 2023 | 8:30 pm
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NEGATIVE IMPACT
Jefferies Financial Gr's Q2 earnings missed estimates significantly, which could negatively impact the stock price in the short term. However, the company's history of beating EPS estimates and subsequent share price increase last quarter may provide some reassurance to investors.
Jefferies Financial Gr's significant miss on Q2 earnings estimates is likely to negatively impact investor sentiment and potentially lead to a decrease in the stock price. However, the company's past performance, specifically the EPS beat last quarter and subsequent share price increase, may mitigate some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100