Jefferies Q3FY26 Results: Analysts Cut Targets Ahead Of Sept 28 Earnings
- Jefferies releases Q3FY26 earnings on Sept 28 after market close
- Analysts expect EPS of $1.00 and revenue of $2.2 billion
- UBS and BMO Capital cut price targets in early September
- Shares closed at $47.87, up 1.1% on Thursday
*this image is generated using AI for illustrative purposes only.
Jefferies Financial Group Inc. (NYSE: JEF) will release its third-quarter financial results on Monday, September 28, 2026, after market close.
Analysts expect the New York-based investment banking firm to report quarterly earnings of $1.00 per share, down from $1.01 per share in the year-ago period. The consensus estimate for JEF’s quarterly revenue is $2.2 billion, up from $2.05 billion reported last year.
Analyst Actions
Several analysts have revised their outlook on Jefferies shares recently. Notable changes include:
| Analyst | Firm | Rating | Price Target Change | Date |
|---|---|---|---|---|
| Michael Brown | UBS | Neutral | Cut from $65 to $61 | Sept 11, 2026 |
| Brennan Hawken | BMO Capital | Market Perform | Slashed from $60 to $57 | Sept 11, 2026 |
| Chris Kotowski | Oppenheimer | Outperform | Cut from $87 to $83 | June 25, 2026 |
| Ryan Kenny | Morgan Stanley | Equal-Weight | Raised from $44 to $50 | June 9, 2026 |
| James Yaro | Goldman Sachs | Buy | Raised from $47 to $54 | April 14, 2026 |
Jefferies shares rose 1.1% to close at $47.87 on Thursday. The company reported worse-than-expected second-quarter financial results on June 24.
About Jefferies
Jefferies is a full-service investment banking and capital markets firm. It primarily serves public companies, private companies, their sponsors and owners, institutional investors, and government entities.
The company states that its services are enhanced by client focus, differentiated insights, and a flat operating structure.
Contact Information
For media inquiries regarding the results:
- Jonathan Freedman: (212) 284-2300
- Email: MediaContact@Jefferies.com
How might the recent downward revisions in price targets by UBS and BMO Capital influence Jefferies' stock performance immediately following the Q3 earnings release?
Given the expected revenue growth despite lower EPS, will Jefferies attribute the margin compression to increased operational costs or a shift in business mix?
Can Jefferies overcome the negative sentiment from its worse-than-expected Q2 results to regain investor confidence in the fourth quarter?
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