Compared to Estimates, Jefferies (JEF) Q2 Earnings: A Look at Key Metrics

Core Insights - Jefferies reported $1.63 billion in revenue for the quarter ended May 2025, a year-over-year decline of 1.3% and an EPS of $0.43 compared to $0.67 a year ago, with a revenue surprise of +5.13% over the Zacks Consensus Estimate of $1.55 billion [1] Revenue Performance - Total Asset Management Net revenues were $154.62 million, exceeding the two-analyst average estimate of $128.63 million, representing a year-over-year change of -1.2% [4] - Total Investment Banking and Capital Markets Net revenues were $1.47 billion, compared to the $1.42 billion average estimate, reflecting a year-over-year change of -1.6% [4] - Total Capital Markets revenues were $704.16 million, slightly below the $720.30 million estimate, with a year-over-year change of +1.9% [4] - Total Investment Banking revenues were $766.31 million, exceeding the $704.64 million average estimate, showing a year-over-year decline of -4.6% [4] Key Metrics - Jefferies' shares returned +11.2% over the past month, outperforming the Zacks S&P 500 composite's +5.1% change, with a Zacks Rank 3 (Hold) indicating potential performance in line with the broader market [3] - Total Capital Markets - Equities revenues were $526.24 million, surpassing the $446.78 million estimate, with a year-over-year increase of +29.3% [4] - Total Investment Banking - Advisory revenues were $457.86 million, exceeding the $389.88 million estimate, reflecting a year-over-year increase of +61.3% [4]