UPDATE: Jefferies Financial Gr Q2 2024 Adj EPS $0.67 Misses $0.71 Estimate, Sales $1.656B Beat $1.631B Estimate
Portfolio Pulse from Benzinga Newsdesk
Jefferies Financial Group (NYSE:JEF) reported Q2 2024 adjusted EPS of $0.67, missing the $0.71 estimate, but achieved sales of $1.656 billion, surpassing the $1.631 billion estimate. Sales increased by 59.60% compared to the same period last year.
June 26, 2024 | 9:13 pm
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Jefferies Financial Group reported Q2 2024 adjusted EPS of $0.67, missing the $0.71 estimate, but achieved sales of $1.656 billion, surpassing the $1.631 billion estimate. Sales increased by 59.60% compared to the same period last year.
The mixed results, with EPS missing estimates but sales beating expectations and showing significant YoY growth, create a neutral short-term impact. Investors may weigh the earnings miss against the strong revenue performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100