Earnings Report - Jefferies Financial Group Inc. is set to release its third-quarter earnings results on September 29, with analysts expecting earnings of 80 cents per share, an increase from 75 cents per share in the same period last year [1] - The projected quarterly revenue is $1.92 billion, compared to $1.68 billion a year earlier [1] Strategic Alliance - On September 19, Jefferies Financial and Sumitomo Mitsui Financial Group announced a significant expansion of their global strategic alliance, which began in 2021 and has since extended across multiple regions and services [2] - Following the announcement, Jefferies Financial shares experienced a decline of 1.2%, closing at $65.93 [2] Analyst Ratings - Morgan Stanley analyst Ryan Kenny maintained an Equal-Weight rating and increased the price target from $54 to $72 [5] - Goldman Sachs analyst James Yaro maintained a Buy rating and raised the price target from $55 to $62 [5] - Oppenheimer analyst Chris Kotowski downgraded the stock from Outperform to Perform [5]
Jefferies Financial Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call - Jefferies Financial Gr (NYSE:JEF), Sumitomo Mitsui Finl Gr (NYSE:SMFG)