Jefferies Financial Group Third Quarter 2022 Earnings: Beats Expectations

Simply Wall St

November 02, 2022

Jefferies Financial Group (NYSE:JEF) Third Quarter 2022 Results

Key Financial Results

Revenue: US$1.51b (down 21% from 3Q 2021).
Net income: US$194.9m (down 52% from 3Q 2021).
Profit margin: 13% (down from 21% in 3Q 2021).
- The decrease in margin was driven by lower revenue.
EPS: US$0.80 (down from US$1.54 in 3Q 2021).

earnings-and-revenue-growth — NYSE:JEF Earnings and Revenue Growth November 2nd 2022

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

Jefferies Financial Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 1.3%.

Looking ahead, revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in the US are expected to grow by 7.1%.

Performance of the American Capital Markets industry.

The company's shares are up 2.3% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Jefferies Financial Group, and understanding this should be part of your investment process.

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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.