Jefferies Financial Group (NYSE:JEF) Full Year 2024 Results

Key Financial Results

• Revenue: US$7.01b (up 49% from FY 2023).
• Net income: US$665.6m (up 155% from FY 2023).
• Profit margin: 9.5% (up from 5.6% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$3.07 (up from US$1.12 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Jefferies Financial Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 3.0%.

The primary driver behind last 12 months revenue was the Investment Banking and Capital Markets segment contributing a total revenue of US$6.20b (88% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$4.07b (84% of total expenses). Explore how JEF's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Capital Markets industry in the US.

The company's shares are up 1.7% from a week ago.

Risk Analysis

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