Wall Street's Insights Into Key Metrics Ahead of Jefferies (JEF) Q2 Earnings

Core Insights - Jefferies (JEF) is expected to report quarterly earnings of $0.43 per share, reflecting a year-over-year decline of 35.8% [1] - Anticipated revenues for the quarter are projected at $1.56 billion, indicating a decline of 6.1% compared to the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, suggesting analysts have reevaluated their initial estimates [1][2] Revenue Estimates - Total Asset Management Net revenues are estimated at $123.77 million, showing a year-over-year change of -20.9% [4] - Total Investment Banking and Capital Markets Net revenues are projected to be $1.43 billion, indicating a decline of 4% year-over-year [4] - Total Asset Management Net revenues from Investment return are expected to be $11.57 million, reflecting a significant decline of 64.9% year-over-year [5] - Total Capital Markets revenues are anticipated to reach $718.46 million, suggesting a year-over-year increase of 3.9% [5] - Total Capital Markets - Equities revenues are projected at $440.68 million, indicating an increase of 8.3% from the previous year [6] - Total Investment Banking revenues are expected to be $715.69 million, reflecting a year-over-year decline of 10.9% [8] Underwriting and Advisory Estimates - Total Investment Banking - Total underwriting - Advisory revenues are estimated at $399.83 million, indicating a year-over-year increase of 40.8% [7] - Total Investment Banking - Other investment banking revenues are projected at $12.50 million, reflecting a significant decline of 80.7% year-over-year [7] - Total Investment Banking - Total underwriting revenues are expected to reach $303.36 million, indicating a year-over-year decline of 33.3% [9] - Total Investment Banking - Total underwriting - Equity underwriting revenues are projected at $129.07 million, reflecting a decline of 48.2% year-over-year [9] Market Performance - Over the past month, Jefferies shares have recorded returns of +10.1%, outperforming the Zacks S&P 500 composite's +0.6% change [9] - Based on its Zacks Rank 4 (Sell), Jefferies is expected to underperform the overall market in the upcoming period [10]