This story originally appeared on Zacks
Jefferies (JEF) came out with quarterly earnings of $1.36 per share, missing the Zacks Consensus Estimate of $1.40 per share. This compares to earnings of $1.11 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -2.86%. A quarter ago, it was expected that this investment banking and capital markets company would post earnings of $1.02 per share when it actually produced earnings of $1.51, delivering a surprise of 48.04%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Jefferies, which belongs to the Zacks Financial – Miscellaneous Services industry, posted revenues of $1.81 billion for the quarter ended November 2021, missing the Zacks Consensus Estimate by 4.96%. This compares to year-ago revenues of $1.86 billion. The company has…