Jefferies Financial Gr Earnings Preview
Portfolio Pulse from Benzinga Insights
Jefferies Financial Gr (NYSE:JEF) is scheduled to release its quarterly earnings report on March 27, 2024, with an estimated EPS of $0.75. Historical data shows mixed reactions to past earnings, with the last quarter missing estimates and causing a 2.04% drop in share price. Shares have risen 45.44% over the last year, indicating positive sentiment among long-term investors. The upcoming report's guidance will be crucial for short-term stock movement.
March 26, 2024 | 2:01 pm
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NEUTRAL IMPACT
Jefferies Financial Gr is expected to report an EPS of $0.75 for the upcoming quarter. Historical performance shows sensitivity to earnings announcements, with a notable drop after the last miss. Shares have appreciated significantly over the past year.
Given JEF's historical sensitivity to earnings reports and the significant year-over-year growth, the upcoming earnings announcement is crucial. While the stock has shown resilience with a 45.44% increase over the past year, the short-term impact will heavily depend on whether JEF meets or exceeds the EPS estimate and the forward-looking guidance provided.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100