Earnings Estimates Rising for Jefferies (JEF): Will It Gain?

Core Viewpoint - Jefferies (JEF) is experiencing solid improvements in earnings estimates, which may lead to continued short-term price momentum for the stock [1][2]. Earnings Estimate Revisions - There is a rising trend in earnings estimate revisions due to growing analyst optimism regarding Jefferies' earnings prospects, which is expected to positively impact its stock price [2]. - The current-quarter earnings estimate is $0.68 per share, reflecting a -9.3% change from the previous year, but has increased by 10.57% over the last 30 days with no negative revisions [6]. - For the full year, Jefferies is expected to earn $2.35 per share, representing a -23.2% change from the prior year, but the consensus estimate has increased by 5.56% recently with one upward revision [7][8]. Zacks Rank and Performance - Jefferies has achieved a Zacks Rank 2 (Buy), indicating promising estimate revisions that suggest potential outperformance compared to the S&P 500 [9]. - Historically, Zacks 1 (Strong Buy) and 2 (Buy) ranked stocks have significantly outperformed the S&P 500, with Zacks 1 stocks generating an average annual return of +25% since 2008 [3][9]. Stock Performance - The stock has gained 5% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [10].