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Jefferies (JEF) Dips More Than Broader Markets: What You Should Know
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Jefferies (JEF - Free Report) closed the most recent trading day at $34.37, moving -1.35% from the previous trading session. This move lagged the S&P 500's daily loss of 0.53%. Elsewhere, the Dow lost 0.29%, while the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the investment banking and capital markets company had lost 5.96% over the past month, lagging the Finance sector's loss of 3.89% and the S&P 500's loss of 4.24% in that time.
Jefferies will be looking to display strength as it nears its next earnings release. On that day, Jefferies is projected to report earnings of $1.01 per share, which would represent a year-over-year decline of 52.8%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.65 billion, down 33.67% from the year-ago period.
JEF's full-year Zacks Consensus Estimates are calling for earnings of $3.84 per share and revenue of $6.41 billion. These results would represent year-over-year changes of -38.95% and -21.73%, respectively.
Investors should also note any recent changes to analyst estimates for Jefferies. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Jefferies currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Jefferies currently has a Forward P/E ratio of 9.08. For comparison, its industry has an average Forward P/E of 12.15, which means Jefferies is trading at a discount to the group.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Jefferies (JEF) Dips More Than Broader Markets: What You Should Know
Jefferies (JEF - Free Report) closed the most recent trading day at $34.37, moving -1.35% from the previous trading session. This move lagged the S&P 500's daily loss of 0.53%. Elsewhere, the Dow lost 0.29%, while the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the investment banking and capital markets company had lost 5.96% over the past month, lagging the Finance sector's loss of 3.89% and the S&P 500's loss of 4.24% in that time.
Jefferies will be looking to display strength as it nears its next earnings release. On that day, Jefferies is projected to report earnings of $1.01 per share, which would represent a year-over-year decline of 52.8%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.65 billion, down 33.67% from the year-ago period.
JEF's full-year Zacks Consensus Estimates are calling for earnings of $3.84 per share and revenue of $6.41 billion. These results would represent year-over-year changes of -38.95% and -21.73%, respectively.
Investors should also note any recent changes to analyst estimates for Jefferies. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Jefferies currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Jefferies currently has a Forward P/E ratio of 9.08. For comparison, its industry has an average Forward P/E of 12.15, which means Jefferies is trading at a discount to the group.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.