Jefferies Group Fourth Quarter Earnings Sneak Peek

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Jefferies Group, Inc. (NYSE:JEF) will unveil its latest earnings on Tuesday, December 18, 2012. Jefferies Group and its subsidiaries operate as independent, full-service global securities and investment banking firm serving companies and their investors.

Jefferies Group, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 34 cents per share, a rise of twofold from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 30 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. Analysts are projecting profit to rise by 22.3% versus last year to $1.26.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the third quarter, the company reported profit of 32 cents per share versus a mean estimate of net income of 32 cents per share. In the second quarter, the company beat estimates by 2 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 33.9% in revenue from the year-earlier quarter to $718.4 million.

A Look Back: In the third quarter, profit rose 2.8% to $70.2 million (31 cents a share) from $68.3 million (30 cents a share) the year earlier, meeting analyst expectations. Revenue fell 19.4% to $945.1 million from $1.17 billion.

Analyst Ratings: There are mostly holds on the stock with five of five analysts surveyed giving that rating.

Key Stats:

After some good news last quarter, the company is trying to build on the result with this upcoming earnings announcement. Net income fell in the fourth quarter of the last fiscal year, the first quarter and the second quarter before snapping that run with a profit increase in the third quarter.

On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 2.5% in the second quarter and dropped again in the third quarter.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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