For the quarter ended March 2024, Raymond James Monetary, Inc. (RJF) reported income of $3.12 billion, up 8.5% over the identical interval final 12 months. EPS got here in at $2.31, in comparison with $2.03 within the year-ago quarter.
The reported income represents no shock over the Zacks Consensus Estimate of $3.12 billion. With the consensus EPS estimate being $2.32, the EPS shock was -0.43%.
Whereas buyers carefully watch year-over-year adjustments in headline numbers — income and earnings — and the way they evaluate to Wall Road expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
Since these metrics play a vital position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher undertaking a inventory’s value efficiency.
Right here is how Raymond James Monetary carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Tier 1 Leverage Ratio: 12.3% versus 12.4% estimated by three analysts on common.
- Personal Consumer Group belongings in Payment-based Accounts: $798.80 million in comparison with the $751.70 million common estimate based mostly on two analysts.
- Tier 1 Capital Ratio: 21.9% versus the two-analyst common estimate of 21.9%.
- Whole Capital Ratio: 23.3% versus 23.2% estimated by two analysts on common.
- Internet Revenues- Whole brokerage revenues: $528 million versus $519.42 million estimated by 5 analysts on common. In comparison with the year-ago quarter, this quantity represents a +6.5% change.
- Revenues- Curiosity revenue: $1.05 billion versus the five-analyst common estimate of $1.03 billion. The reported quantity represents a year-over-year change of +14.6%.
- Whole Revenues- Different: $31 million versus the five-analyst common estimate of $40.16 million. The reported quantity represents a year-over-year change of -3.1%.
- Revenues- Account and repair charges: $335 million versus $316.81 million estimated by 5 analysts on common. In comparison with the year-ago quarter, this quantity represents a +29.8% change.
- Revenues- Asset administration and associated administrative charges: $1.52 billion in comparison with the $1.51 billion common estimate based mostly on 5 analysts. The reported quantity represents a change of +16.4% 12 months over 12 months.
- Revenues- Funding banking: $179 million in comparison with the $181.66 million common estimate based mostly on 5 analysts. The reported quantity represents a change of +16.2% 12 months over 12 months.
- Principal transactions: $114 million versus $122.13 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a -10.2% change.
- Revenues- Brokerage revenues- Securities Commissions and Charges: $414 million versus the three-analyst common estimate of $390.94 million. The reported quantity represents a year-over-year change of +12.2%.
View all Key Company Metrics for Raymond James Financial here>>>
Shares of Raymond James Monetary have returned +1.4% over the previous month versus the Zacks S&P 500 composite’s -3% change. The inventory at the moment has a Zacks Rank #2 (Purchase), indicating that it might outperform the broader market within the close to time period.
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