Jefferies (JEF) Q3 Earnings and Revenues Beat Estimates

Core Insights - Jefferies (JEF) reported quarterly earnings of $1.05 per share, exceeding the Zacks Consensus Estimate of $0.79 per share, and up from $0.75 per share a year ago, representing an earnings surprise of +32.91% [1] - The company posted revenues of $2.05 billion for the quarter ended August 2025, surpassing the Zacks Consensus Estimate by 8.20%, compared to year-ago revenues of $1.68 billion [2] - Jefferies shares have underperformed the market, losing about 14.9% since the beginning of the year, while the S&P 500 gained 13% [3] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.75 on revenues of $1.94 billion, and for the current fiscal year, it is $2.52 on revenues of $7.06 billion [7] - The estimate revisions trend for Jefferies was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Financial - Miscellaneous Services industry, to which Jefferies belongs, is currently in the top 31% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]