Raymond James Financial Prepares for Q2 Earnings Report

Raymond James Financial, Inc. (RJF), based in Saint Petersburg, Florida, is a diversified financial holding company valued at $25.6 billion by market capitalization. The company provides various services, including asset management, banking, and research, to individual, institutional, and government clients in North America and Europe.

Upcoming Earnings Announcement

RJF is scheduled to release its second-quarter results after market close on Wednesday, April 23. Analysts anticipate that the firm will report a non-GAAP profit of $2.52 per share, reflecting a significant year-over-year increase of 9.1% from the $2.31 per share reported in the same quarter last year. Although RJF has missed analysts’ earnings estimates once in the last four quarters, it has surpassed expectations three times.

Future Earnings Projections

Looking ahead, RJF’s earnings for the full fiscal year 2025 are projected to reach $11.01 per share, representing a 9.6% increase from the $10.05 reported in fiscal 2024. Furthermore, in fiscal 2026, earnings are expected to grow 7.5% year-over-year, reaching $11.83 per share.

Stock Performance Review

Over the past 52 weeks, RJF stock has seen a decline of nearly 4%, which is slightly better than the S&P 500 Index’s decrease of 4.2%. However, it significantly lags behind the Financial Select Sector SPDR Fund’s gains of 5.2% in the same period.

Quarter One Results Insights

On January 29, RJF reported mixed Q1 results that led to a slight dip in stock value. The company achieved a record net revenue of $3.5 billion, indicating a 17.4% year-over-year increase, which surpassed analysts’ expectations by 1.8%. Additionally, RJF’s adjusted net income increased by 19.5% year-over-year to $614 million, and its adjusted EPS reached $2.93, exceeding consensus estimates by approximately 6.6%. However, the firm experienced a contraction in margins relative to Q4 2024, resulting in a 1.1% decline in adjusted net income quarter-over-quarter.

Analyst Outlook

Despite the recent stock performance, analysts maintain a positive outlook on RJF. The consensus opinion is moderately bullish, with an overall “Moderate Buy” rating. Among the 15 analysts covering the stock, six have rated it as “Strong Buy,” whereas nine recommend a “Hold.” The average price target of $170 implies a potential upside of 36.2% from current price levels.

On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.

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