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Jefferies Financial Group: I Keep Buying This Expensive Stock
Seeking Alpha· 2024-12-29 10:26
Core Insights - Mr. Mavroudis is a professional portfolio manager with a focus on risk management and in-depth financial market analysis [1] - He has successfully navigated major crises, including the COVID-19 pandemic and the PSI [1] - Mr. Mavroudis is the CEO of FAST FINANCE Investment Services, a registered Greek company [1] Company Profile - FAST FINANCE Investment Services is registered by the Hellenic Capital Market Commission [1] - The company specializes in managing institutional and private portfolios globally across various financial instruments [1] Professional Background - Mr. Mavroudis holds multiple degrees, including an MSc in Financial and Banking Management, an LLM in Law, and a BSc in Economics, graduating as valedictorian [1] - He is certified in various financial disciplines, including portfolio management and derivatives [1] Engagement and Contribution - Mr. Mavroudis writes daily articles for reputable financial media and participates as a guest commentator on television and online programs [1] - He aims to foster a community of mutual growth and knowledge sharing through his contributions on platforms like Seeking Alpha [1]
Jefferies Shares Hit All-Time High: Will the Uptrend Continue in 2025?
ZACKS· 2024-12-17 14:36
Core Viewpoint - Jefferies Financial Group Inc. (JEF) has experienced significant stock price appreciation, reaching an all-time high of $82.04, with a year-to-date increase of 102.3%, outperforming both the industry and the S&P 500 Index [1][2]. Stock Performance - JEF shares surged nearly 27% since the U.S. presidential election on November 5 [1]. - The stock is currently trading above its 50-day and 200-day moving averages, indicating strong upward momentum and price stability [2][5]. Investment Banking (IB) Business Recovery - Jefferies' IB revenues fell sharply in fiscal 2022 and 2023, with declines of 37.9% and 20.7%, respectively. However, there has been a notable recovery, with a 45.6% increase in the first nine months of fiscal 2024 [6][10]. - The revival of the IB business is expected to be driven by a more favorable economic environment and a potential increase in deal-making activities due to recent interest rate cuts by the Federal Reserve [10][11]. Strategic Partnerships and Joint Ventures - Jefferies is strengthening its partnership with Sumitomo Mitsui Financial Group, collaborating on corporate and IB deals, which has seen a significant increase in deal volume from 30 to around 130 over the past year [14]. - The company's joint ventures, particularly with Massachusetts Mutual Life Insurance Company and Berkshire Hathaway, are expected to contribute positively to its financials as market conditions improve [13]. Analyst Sentiments and Earnings Estimates - The Zacks Consensus Estimate for Jefferies' earnings for fiscal 2024 remains at $2.92, while the estimate for fiscal 2025 has been revised upward to $4.79, indicating a projected growth of 158.4% for fiscal 2024 and 63.9% for fiscal 2025 [15][18]. - The earnings estimates reflect a strong year-over-year growth trajectory, with significant increases anticipated in both current and next fiscal years [18]. Overall Outlook - The combination of a recovering IB business, strategic partnerships, and a strong balance sheet positions Jefferies favorably for future growth, making it an attractive investment opportunity despite its recent stock price highs [19].
Jefferies' Q3 Earnings & Revenues Miss Estimates, Stock Slides 1.1%
ZACKS· 2024-09-26 12:51
Shares of Jefferies Financial Group (JEF) lost 1.1% in after-hours trading in response to lower-than-expected third-quarter fiscal 2024 (ended Aug. 31) results. Adjusted earnings of 75 cents per share lagged the Zacks Consensus Estimate of 80 cents. In the prior-year quarter, the company recorded adjusted earnings of 32 cents. Results were hurt by higher expenses. However, an improvement in net revenues driven by a solid rebound in the investment banking (IB) business acted as a tailwind. The performance of ...
Compared to Estimates, Jefferies (JEF) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-09-25 23:00
For the quarter ended August 2024, Jefferies (JEF) reported revenue of $1.68 billion, up 42.4% over the same period last year. EPS came in at $0.75, compared to $0.32 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.72 billion, representing a surprise of -2.25%. The company delivered an EPS surprise of -6.25%, with the consensus EPS estimate being $0.80. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...
Jefferies (JEF) Q3 Earnings and Revenues Miss Estimates
ZACKS· 2024-09-25 22:31
Jefferies (JEF) came out with quarterly earnings of $0.75 per share, missing the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -6.25%. A quarter ago, it was expected that this investment banking and capital markets company would post earnings of $0.63 per share when it actually produced earnings of $0.67, delivering a surprise of 6.35%. Over the ...
Ahead of Jefferies (JEF) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
ZACKS· 2024-09-20 14:16
Wall Street analysts expect Jefferies (JEF) to post quarterly earnings of $0.80 per share in its upcoming report, which indicates a year-over-year increase of 150%. Revenues are expected to be $1.72 billion, up 45.2% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Before a company reveals its earnings, it is vital to take in ...
Why Earnings Season Could Be Great for Jefferies Financial (JEF)
ZACKS· 2024-09-19 13:50
Investors are always looking for stocks that are poised to beat at earnings season and Jefferies Financial Group Inc. (JEF) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because Jefferies Financial is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possib ...
Jefferies (JEF) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2024-09-18 15:01
Wall Street expects a year-over-year increase in earnings on higher revenues when Jefferies (JEF) reports results for the quarter ended August 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on September 25. ...
What Makes Jefferies (JEF) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-09-04 17:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...
Why Jefferies (JEF) Could Beat Earnings Estimates Again
ZACKS· 2024-09-02 17:11
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Jefferies (JEF) . This company, which is in the Zacks Financial - Miscellaneous Services industry, shows potential for another earnings beat. This investment banking and capital markets company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for th ...