Jefferies Q4 Margins Disappoint, Analyst Sees It As Top Market Rebound Bet
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Jefferies Financial Group Inc (NYSE:JEF) delivered mixed fourth-quarter results after Wednesday’s closing bell, with earnings falling short of expectations but analysts highlighting the company’s strong position to benefit from a capital markets recovery.
The company delivered a “modest miss” in earnings of 93 cents per share versus the consensus of 98 cents per share, mainly due to softer-than-expected margins and a lower-quality revenue mix, according to Goldman Sachs.
The Jefferies Financial Group Analyst: Analyst James Yaro maintained a Buy rating for Jefferies Financial Group, while raising the price …
Full story available on Benzinga.com
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