Jefferies Financial Group Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

January 31, 2025

Jefferies Financial Group (NYSE:JEF) Full Year 2024 Results

Key Financial Results

Revenue: US$7.01b (up 49% from FY 2023).
Net income: US$665.6m (up 155% from FY 2023).
Profit margin: 9.5% (up from 5.6% in FY 2023). The increase in margin was driven by higher revenue.
EPS: US$3.07 (up from US$1.12 in FY 2023).

revenue-and-expenses-breakdown — NYSE:JEF Revenue and Expenses Breakdown January 31st 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Jefferies Financial Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 3.0%.

The primary driver behind last 12 months revenue was the Investment Banking and Capital Markets segment contributing a total revenue of US$6.20b (88% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$4.07b (84% of total expenses). Explore how JEF's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are up 1.7% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Jefferies Financial Group that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.