earnings
confidence high
sentiment positive
materiality 0.80
Jefferies Q1 net earnings $150M ($0.66/diluted); adjusted EPS $0.87; revenue $1.74B up 35% YoY
Jefferies Financial Group Inc.
2024-Q1 EPS reported
$0.66
revenue$2,551,942,000
- Net earnings attributable to common shareholders $150M ($0.66 diluted); continuing ops $157M ($0.69 diluted); adjusted for Weiss loss $196M ($0.87 diluted).
- Net revenues $1.74B, up 35% YoY; Investment Banking $740M (+31.4% YoY), Capital Markets $712M (+8.8% YoY).
- Asset Management net revenues $273M (+299% YoY) but includes $55M pre-tax loss from Weiss Multi-Strategy closure.
- Quarterly dividend $0.30/share, payable May 30, 2024 to holders of record May 20, 2024.
- Book value $46.13 per common share; tangible book value $30.89 per fully diluted share.