Raymond James Financial, Inc. (NYSE:RJF) Quarterly Earnings Preview

The anticipated EPS of $2.37 represents a slight year-over-year decline of 0.8%. Revenue is expected to rise by 4.1% to $3.36 billion compared to the same quarter last year. Analysts have revised their EPS estimates upward by 2.4% over the past month.

Raymond James Financial, Inc. (NYSE:RJF) is a diversified financial services company providing a range of services including investment banking, asset management, and private client services. As RJF prepares to release its quarterly earnings on July 23, 2025, analysts have set their sights on an earnings per share (EPS) of $2.37 and projected revenue of approximately $3.36 billion.

The anticipated EPS of $2.37 represents a slight year-over-year decline of 0.8%, as highlighted by analysts. Despite this, RJF's revenue is expected to rise by 4.1% to $3.36 billion compared to the same quarter last year. This growth is likely driven by strong investment banking and trading activities, which have bolstered fee income amidst a volatile market environment.

Over the past month, analysts have revised their EPS estimates upward by 2.4%, indicating a positive reassessment of RJF's performance. Such revisions are crucial as they often predict potential investor actions and have a strong correlation with the short-term price performance of a stock. However, RJF faces challenges with non-interest expenses, projected to have risen by nearly 6% due to advisor hiring and inflationary pressures.

In the previous quarter, RJF's earnings fell short of the Zacks Consensus Estimate, primarily due to higher non-interest expenses and a lackluster investment banking performance. Nevertheless, the Capital Markets segment's brokerage activities, along with the robust performance of the Private Client Group and Asset Management segments, provided some support to the company's overall performance.

RJF's financial metrics, such as a price-to-earnings (P/E) ratio of approximately 14.87 and a price-to-sales ratio of about 2.08, reflect the market's valuation of its earnings and revenue. The company's debt-to-equity ratio of approximately 0.30 suggests a relatively low level of debt compared to equity, while the current ratio of around 0.35 indicates its ability to cover short-term liabilities with short-term assets.