PREVIEW: Jefferies Q2 EPS, revenue seen rising but shares sink

Jefferies Financial

Yesterday 18:25

** Shares in Jefferies Financials JEF.N  down 4.2% on Wednesday for second straight day of declines and underperforming broader financial sector ahead of its fiscal Q2 report due out after market close
** Wall Street analysts see the invstment bank reporting adj EPS of $1.16 vs $0.40 in Q2 2025, and rev of $2.30 bln vs $1.63 bln year-ago, per latest data from LSEG
** In last eight quarters, JEF beat rev estimates five times while EPS beat just four times, with most recent miss (26.8%) in Q1 2026
** JEF results sometimes seen as a indicator of what's to come for bigger investment banks
** JEF's Q1 results were supported by investment banking, but marred by losses on loans and investors worried about its lending standards and risk appetite after collapses of British lender Market Financial Solutions and U.S. auto-parts supplier First Brands from alleged fraud
** But after falling as much as 42% in the earlier part of 2026 JEF stock started to turn around in early March to recover much of those losses. YTD shares in JEF down ~6% vs loss of 5.6% for the S&P 400 Financial Services index .SPMCDF, which was down 1% on Wednesday
** Stock last traded at $57.97 vs median PT of $66, up from $59 a month ago, as per LSEG, which shows six analyst ratings: 1 'strong buy,' 2 'buy' and 3 'hold'

(Reporting by Sinead Carew)
((sinead.carew@thomsonreuters.com))