Raymond James Financial Inc RJF.N reported quarterly adjusted earnings of $2.31 per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $2.03. The mean expectation of twelve analysts for the quarter was for earnings of $2.31 per share. Wall Street expected results to range from $2.18 to $2.44 per share.
Revenue rose 8.5% to $3.12 billion from a year ago; analysts expected $3.14 billion.
Raymond James Financial Inc's reported EPS for the quarter was $2.22.
The company reported quarterly income of $474 million.
Raymond James Financial Inc shares had fallen by 1.0% this quarter and gained 14.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 1% in the last three months.
In the last 30 days, four analysts revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 9 "hold" and "sell" or "strong sell."
The average consensus recommendation for the investment banking & brokerage services peer group is also "buy"
Wall Street's median 12-month price target for Raymond James Financial Inc is $132.00
This summary was machine generated from LSEG data April 24 at 09:40 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING |
ESTIMATE |
ACTUAL |
BEAT, MET, MISSED |
Mar. 31 2024 |
2.31 |
2.31 |
Met |
Dec. 31 2023 |
2.26 |
2.40 |
Beat |
Sep. 30 2023 |
2.28 |
2.13 |
Missed |
Jun. 30 2023 |
2.16 |
1.85 |
Missed |