Jefferies(US:JEF) ZACKS·2025-03-27 14:35Core Viewpoint - Jefferies Financial Group reported lower-than-expected quarterly results for Q1 fiscal 2025, leading to a 4.6% decline in shares during after-market hours [1][2]. Financial Performance - Adjusted earnings from continuing operations were 68 cents per share, missing the Zacks Consensus Estimate of 88 cents and down from 78 cents in the prior-year quarter [1][2]. - Net income attributable to common shareholders was $127.8 million, a decrease from $149.6 million in the prior-year quarter [2]. - Quarterly net revenues were $1.59 billion, down 8.4% year over year, and also below the Zacks Consensus Estimate of $1.84 billion [3]. - Total non-interest expenses were $1.44 billion, declining 5% from the prior-year quarter, attributed to a decrease in most cost components [3]. Segment Performance - Investment Banking and Capital Markets net revenues were $1.40 billion, falling 3.6% from the prior-year quarter due to lower equity underwriting and fixed-income performance [5]. - Asset Management net revenues were $191.7 million, down 29.9% from the year-ago quarter [5]. Book Value - As of February 28, 2025, book value per common share was $49.48, up from $46.13 as of February 29, 2024 [4]. - Adjusted tangible book value per fully diluted share increased to $32.57 from $30.89 [4]. Dividend Announcement - Jefferies announced a quarterly cash dividend of 40 cents per share, payable on May 29, 2025, to shareholders as of May 19 [6].