This story originally appeared on Zacks
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Jefferies (JEF), which belongs to the Zacks Financial – Miscellaneous Services industry.
This investment banking and capital markets company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 50.18%.
For the last reported quarter, Jefferies came out with earnings of $1.51 per share versus the Zacks Consensus Estimate of $1.02 per share, representing a surprise of 48.04%. For the previous quarter, the company was expected to post earnings of $0.86 per share and it actually produced earnings of $1.31 per share, delivering a surprise of 52.33%.
Price and EPS Surprise