Jefferies Group Inc. Fourth Quarter Earnings Sneak Peek

Jefferies Group, Inc. (NYSE:JEF) will unveil its latest earnings on Tuesday, December 20, 2011. 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 estimate of analysts is for net income of 14 cents per share, a decline of 54.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 35 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 24 cents during the last month. For the year, analysts are projecting profit of $1.21 per share, a rise of 11% from last year.

Past Earnings Performance: The company is looking to break the streak of missing estimates in the past two quarters. Last quarter, it fell short of analyst expectations by reporting net income of 10 cents per share against an estimate of profit of 23 cents per share. The quarter before that, it missed forecasts by 2 cents.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 12.3% in revenue from the year-earlier quarter to $583.2 million.

Analyst Ratings: Analysts are bullish on Jefferies Group as two analysts rate it as a buy, one rates it as a sell and three rate it as a hold.

A Look Back: In the third quarter, profit rose 47.6% to $68.3 million (30 cents a share) from $46.3 million (23 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 92.3% to $1.17 billion from $609.3 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 59.3%, with the biggest boost coming in the most recent quarter when revenue rose 92.3% from the year earlier quarter.

The increase in profit in the third quarter came after net income fell in the previous quarter. In the second quarter, net income fell 5%.

Competitors to Watch: Greenhill & Co., Inc. (NYSE:GHL), Piper Jaffray Companies (NYSE:PJC), Rodman & Renshaw Capital Group Inc. (NASDAQ:RODM), Goldman Sachs Group, Inc. (NYSE:GS), JMP Group Inc. (NYSE:JMP), Morgan Stanley (NYSE:MS), Evercore Partners Inc. (NYSE:EVR), Merriman Holdings Inc (NASDAQ:MERR), The Ziegler Companies, Inc. (ZGCO), and KBW, Inc. (NYSE:KBW).

Stock Price Performance: During November 15, 2011 to December 14, 2011, the stock price had risen $1.36 (12.3%) from $11.02 to $12.38. The stock price saw one of its best stretches over the last year between April 19, 2011 and April 28, 2011 when shares rose for seven-straight days, rising 5.7% (+$1.30) over that span. It saw one of its worst periods between September 15, 2011 and September 22, 2011 when shares fell for six-straight days, falling 17% (-$2.52) over that span. Shares are down $13.85 (-52.8%) year to date.

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

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.