Jefferies Financial Group (NYSE:JEF) third quarter 2024 results.

Key financial results

• Revenue: $1.68 billion (up 43% from Q3 2023).
• Net income: $140.0 million (up 211% from Q3 2023).
• Profit margin: 8.3% (vs. 3.8% in Q3 2023). The increase in margin was due to higher sales.
• EPS: $0.65 (vs. $0.20 in Q3 2023).

All numbers shown in the chart above are for the most recent 12-month period (TTM).

Jefferies Financial Group's sales and earnings fall short of expectations

Sales missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 3.2%.

Looking forward, revenue is forecast to grow by an average of 15% annually over the next three years, compared to a 5.7% growth forecast for the capital markets industry in the US.

performance of the American capital markets industry.

The company's shares fell 1.8% compared to the previous week.

Risk analysis

Note that Jefferies Financial Group is shown 1 warning sign in our investment analysis This is what you should know…

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