NYSE$JEF
Jefferies Financial Group Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Jefferies reported strong performance and continued momentum in Investment Banking, with particularly strong performance in Advisory.
Jefferies Financial Group reported third quarter net revenues of $1.68 billion, reflecting strong performance and continued momentum in Investment Banking, with particularly strong performance in Advisory. Net earnings attributable to common shareholders were $167 million, or $0.75 per diluted common share.
- Net earnings attributable to common shareholders of $167 million, or $0.75 per diluted common share.
- Investment Banking net revenues of $949 million were up 18.2% from the prior quarter and 47.3% from the same quarter last year, driven by an increase in advisory activity.
- Capital Markets net revenues of $671 million were down only 3.0% versus an exceptionally strong prior quarter but were up 28.1% from the same quarter last year.
- The company closed on the sale of OpNet during the quarter.
Headline financials
Revenue & EPS history
Jefferies · Revenue · Quarterly
$2.6B
Revenue by segment
Jefferies · $1.12B total across 4 segments · Q3 2023
- Total Capital Markets$524M+15.8%46.6%
- Advisory$335M-31.1%29.8%
- Equity Underwriting$154M+2.1%13.7%
- Debt Underwriting$111M+43.9%9.9%
Forward guidance
Jefferies feels they have the right global team that is positioned exceptionally well to serve their clients, especially in a backdrop of declining interest rates and increasing activity driven by pent up demand for capital markets and advisory deal flow. After heavy recent investment in human capital during the slowdown, now is the time for Jefferies to focus on executing for their clients and enhancing their overall market position around the world.
Tailwinds
- Declining interest rates
- Increasing activity driven by pent up demand for capital markets
- Increasing activity driven by pent up demand for advisory deal flow
- Heavy recent investment in human capital during the slowdown
- Focus on executing for clients and enhancing overall market position around the world
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 Q3 2024
+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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