BUZZ-PREVIEW: Jefferies Q4 EPS, rev seeing increasing, shares edge up

Reuters
09 Jan

** Shares in investment bank Jefferies Financial Group Inc

up 0.2% ahead of fiscal Q4 report due out after market close

** Wall Street sees JEF - the first U.S. investment bank to release Q4 financials - reporting adj EPS of $0.91 for Q4 ended in Nov. vs $0.29 year-ago, on rev of $1.775 bln vs $1.197 bln in Q4 2023, as per LSEG, which shows five analyst ratings

** In last 8 quarters JEF met or beat revenue expectations 4 times while EPS met or beat 3 times

** Oppenheimer analyst Chris Kotowski wrote in a Jan. 3 research note that Q4 "should be a good investment banking quarter" driven primarily by equity capital markets, debt capital markets with M&A still lagging

** Kotowski says increased 4Q EPS estimate to $1.10 from $0.85 "along with modest flow through effects for 2025 and 2026"

** JEF last traded at $79.73 vs median PT of $88, according to LSEG, which shows 1 'strong buy,' rating and 4 'buy' ratings

** JEF shares up ~1.5% YTD after rising 94% in 2024, for strongest annual advance since 1992. In comparison S&P 400 mid cap index up 0.5% so far in 2025, rose 12.2% in 2024

(Reporting By Sinéad Carew)

((sinead.carew@thomsonreuters.com; +13322191897;))

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