NYSE$JEF
Jefferies Financial Group Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Announced first quarter 2023 financial results.
Jefferies Financial Group reported net earnings attributable to common shareholders of $134 million, or $0.54 per diluted share, for the first quarter of 2023. Total net revenues were $1.28 billion, with Investment Banking net revenues at $568 million and Capital Markets net revenues at $639 million.
- Net earnings attributable to common shareholders of $134 million, or $0.54 per diluted share.
- Investment Banking net revenues of $568 million, slightly above the fourth quarter, with increases in both equity and debt underwriting offsetting a decline in advisory.
- Capital Markets net revenues of $639 million, the fourth highest quarter ever.
- Repurchased 2.6 million shares of common stock for $98 million, at an average price of $38.01 per share.
Headline financials
Revenue & EPS history
Jefferies · Revenue · Quarterly
$1.78B
Revenue by segment
Jefferies · $1.71B total across 5 segments · Q1 2023
- Total Capital Markets$639M+33.2%37.4%
- Total Investment Banking$568M—33.2%
- Advisory$297M-45.3%17.4%
- Equity Underwriting$125M—7.3%
- Debt Underwriting$80.2M—4.7%
Forward guidance
Jefferies plans to be well positioned to gain even further market share and take advantage of the dislocations affecting our industry.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2023
+0.2%
Avg return
Earnings day
+1.3%
Avg return
5 days after
+2.5%
Avg return
30 days after
53%
38 / 72 earnings
Positive
+10.1%
Q2 2019
Best reaction
-10.3%
Q3 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | +2.0% | +4.7% | — | |
| Q4 2025 | -5.5% | -3.9% | -8.9% | |
| Q3 2025 | -1.7% | -6.3% | -20.4% | |
| Q2 2025 | +0.3% | +1.7% | +9.9% | |
| Q1 2025 | -9.9% | -11.2% | -22.4% | |
| Q3 2024 | -2.1% | -1.5% | +2.5% | |
| Q2 2024 | +6.3% | +8.5% | +23.7% | |
| Q1 2024 | -2.5% | -3.7% | -3.7% | |
| Q4 2023 | -0.7% | -0.7% | -0.2% | |
| Q3 2023 | +1.8% | -1.2% | -12.6% | |
| Q2 2023 | +4.9% | +5.2% | +17.2% | |
| Q1 2023 | +3.3% | +5.3% | +7.5% | |
| Q4 2022 | +4.6% | +8.1% | +10.1% | |
| Q3 2022 | +0.1% | +5.5% | +18.1% | |
| Q2 2022 | +1.5% | +0.4% | +14.4% | |
| Q1 2022 | +3.1% | +2.9% | -2.2% | |
| Q4 2021 | -8.1% | -9.2% | -9.3% | |
| Q3 2021 | +0.5% | +1.6% | +14.0% | |
| Q2 2021 | +6.2% | +4.6% | +2.2% | |
| Q1 2021 | -4.1% | -8.0% | -1.2% | |
| Q4 2020 | +1.3% | +7.3% | +0.1% | |
| Q3 2020 | +4.8% | +6.2% | +17.0% | |
| Q2 2020 | +7.4% | +7.6% | +16.0% | |
| Q1 2020 | +4.8% | -0.1% | -11.0% | |
| Q4 2019 | +3.8% | +3.4% | +9.3% | |
| Q3 2019 | -3.6% | -1.4% | +2.6% | |
| Q2 2019 | +10.1% | +10.4% | +3.6% | |
| Q1 2019 | +0.5% | +3.6% | +9.2% | |
| Q4 2018 | +3.1% | +5.2% | +7.2% | |
| Q3 2018 | +1.5% | +4.8% | +3.6% | |
| Q2 2018 | +8.4% | +6.2% | +2.7% | |
| Q1 2018 | -1.7% | -1.6% | -5.0% | |
| Q4 2017 | -0.0% | -1.7% | -12.5% | |
| Q3 2017 | +1.3% | -0.6% | +0.9% | |
| Q2 2017 | -2.9% | -2.9% | -9.7% | |
| Q1 2017 | -2.9% | -1.8% | -5.9% | |
| Q4 2016 | +3.6% | -2.1% | -1.8% | |
| Q3 2016 | -2.6% | +0.4% | +21.4% | |
| Q2 2016 | +4.8% | +5.7% | +6.9% | |
| Q1 2016 | +0.7% | — | — | |
| Q4 2015 | +0.4% | — | — | |
| Q3 2015 | -2.5% | — | — | |
| Q2 2015 | -1.9% | — | — | |
| Q1 2015 | +2.1% | — | — | |
| Q4 2014 | -0.3% | — | — | |
| Q3 2014 | +1.5% | — | — | |
| Q2 2014 | -1.2% | — | — | |
| Q1 2014 | -1.0% | — | — | |
| Q4 2013 | -2.1% | — | — | |
| Q3 2013 | -0.7% | — | — | |
| Q2 2013 | -1.0% | — | — | |
| Q1 2013 | -1.6% | — | — | |
| Q4 2012 | -3.2% | — | — | |
| Q3 2012 | -4.4% | — | — | |
| Q2 2012 | -3.1% | — | — | |
| Q1 2012 | -2.3% | — | — | |
| Q4 2011 | +0.5% | — | — | |
| Q3 2011 | -10.3% | — | — | |
| Q2 2011 | -6.5% | — | — | |
| Q1 2011 | +1.8% | — | — | |
| Q4 2010 | +3.1% | — | — | |
| Q3 2010 | +0.9% | — | — | |
| Q2 2010 | -2.3% | — | — | |
| Q1 2009 | -4.8% | — | — | |
| Q1 2010 | +1.3% | — | — | |
| Q4 2007 | +4.5% | — | — | |
| Q4 2009 | +4.5% | — | — | |
| Q3 2008 | +0.9% | — | — | |
| Q3 2009 | +0.9% | — | — | |
| Q2 2008 | -0.2% | — | — | |
| Q4 2008 | -0.2% | — | — | |
| Q2 2009 | -0.2% | — | — |
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