Wall Street analysts expect Jefferies ( JEF - Free Report ) to post quarterly earnings of $0.26 per share in its upcoming report, which indicates a year-over-year decline of 54.4%. Revenues are expected to be $1.18 billion, down 18.1% from the year-ago quarter. Over the last 30 days, there has been a downward revision of 2.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.