Stifel (SF) Set to Announce Earnings Tomorrow: What You Should Know

Stifel Financial Set to Release Earnings: What You Need to Know

This Wednesday, Stifel Financial (NYSE:SF) is scheduled to report its latest earnings before the market opens. Here’s a breakdown of what analysts and investors are anticipating.

Recent Performance Highlights

In the previous quarter, Stifel outperformed Wall Street’s revenue forecasts by 6.8%, posting $1.43 billion in revenue—a 16.7% increase compared to the same period last year. The company not only surpassed revenue projections but also exceeded expectations for earnings per share, marking a robust quarter overall.

Should You Buy or Sell Ahead of Earnings?

As the earnings announcement approaches, investors may be wondering whether Stifel is a good investment opportunity.

Expectations for This Quarter

Analysts are forecasting that Stifel’s revenue will reach $1.52 billion this quarter, representing an 11.2% year-over-year increase. This growth rate is slower than the 19% jump reported in the same quarter last year. Adjusted earnings per share are projected to be $2.51.

Stifel Total Revenue

Analyst Sentiment and Track Record

Over the past month, most analysts have maintained their estimates for Stifel, indicating confidence in the company’s direction. Notably, Stifel has only missed revenue expectations once in the last two years, with an average outperformance of 3.8% above analyst forecasts.

Industry Peers: Recent Results

Several of Stifel’s competitors in the investment banking and brokerage sector have already shared their Q4 results, offering some insight into industry trends. Jefferies reported a 5.7% increase in revenue year-over-year, beating estimates by 3%, while Goldman Sachs saw a 3% decline in revenue but still topped forecasts by 0.5%. Following their reports, Jefferies’ stock fell 5.6%, whereas Goldman Sachs shares rose 3.1%.

For a deeper dive, read our full reviews of Jefferies’ performance and Goldman Sachs’ results.

Market Reaction and Price Targets

Investor sentiment in the investment banking and brokerage space has remained steady, with share prices holding flat over the past month. Stifel’s stock has mirrored this stability, remaining unchanged as it heads into earnings. The average analyst price target for Stifel stands at $139.75, compared to its current price of $128.77.

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