earnings
confidence high
sentiment negative
materiality 0.75
Jefferies Q1 net earnings $134M ($0.54/diluted), down 59% YoY; rev $1.28B
Jefferies Financial Group Inc.
2023-Q1 EPS reported
$0.54
revenue$1,780,564,000
- Net earnings $134M vs $327M YoY; diluted EPS $0.54 vs $1.23; rev $1.28B (-24% YoY).
- Investment Banking rev $568M; Capital Markets rev $639M (4th highest quarter) up 33% YoY.
- Annualized return on adj. tangible equity 7.1%; quarterly dividend $0.30/share, payable May 26.
- Completed distribution of Vitesse Energy shares ($527M); repurchased 2.6M shares for $98M.
- Effective tax rate 18.2% vs 16.4% YoY; book value $41.77/share; tangible book $31.51.