NYSE$JEF

Jefferies Financial Group Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Jefferies reported Q4 2022 financial results, featuring net earnings attributable to common shareholders of $140 million and total net revenues of $1.44 billion.

Jefferies Financial Group reported Q4 2022 financial results, with net earnings attributable to common shareholders of $140 million, or $0.57 per diluted share. The company's total net revenues were $1.44 billion, which included $568 million from Investment Banking, $478 million from Capital Markets, and $402 million from Asset Management. Jefferies repurchased 3.9 million shares of common stock for $121 million during the quarter and increased the share buyback authorization back to a total of $250 million.

  • Net earnings attributable to common shareholders were $140 million, or $0.57 per diluted share.
  • Total net revenues reached $1.44 billion, with Investment Banking contributing $568 million.
  • The company repurchased 3.9 million shares of common stock for $121 million.
  • The Board of Directors increased the share buyback authorization back to a total of $250 million.

Headline financials

Total Revenue

$1.44B

Previous: $1.81B-20.5%
EPS (adj)

$0.57

Previous: $1.36-58.1%
Capital Expenditures

$92.3M

Previous: $166M-44.3%
Free Cash Flow

$265M

Previous: $1.32B-79.9%
Net Income

$141M

Previous: $327M-56.9%
Operating Income

$195M

No prior period
Gross Profit

$543M

Previous: $887M-38.8%
Cash & Equivalents

$9.7B

Previous: $10.8B-9.8%
Total Assets

$51.1B

Previous: $56.1B-9.0%
Stock-Based Comp

$11M

Previous: $6.94M+57.9%

Revenue & EPS history

Jefferies · Revenue · Quarterly

$1.44B

Q4 2022-20.5%vs Q4 2021
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Jefferies · $1.05B total across 5 segments · Q4 2022

  • Total Capital Markets
    $478M+12.8%
  • Advisory
    $381M-35.1%
  • Equity Underwriting
    $109M
  • Debt Underwriting
    $61.7M
  • Other Inv. Banking
    $15.9M+42.1%

Forward guidance

The company is optimistic about its human capital, product capabilities, industry expertise and geographic breadth, which it intends to continue to aggressively deliver to its clients going forward. The goal is to continue to gain market share, further strengthening their competitive position, and continue their quest to be the best full service global investment banking firm.

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 Q4 2022

Historical avgQ4 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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