Jefferies sees 17% revenue growth in Q2 for covered firms
In short
Jefferies said companies in its coverage universe, excluding oil and gas, metals and financials, could report 17% year-on-year revenue growth in the quarter. This is part of a Q2 earnings preview.
It matters because investors are looking for signs of earnings strength. The report does not say which companies will beat or miss forecasts.
What the reporting says
Jefferies expects companies in its coverage universe, excluding oil and gas, metals and financials, to post 17% year-on-year revenue growth in the quarter. The report is a Q2 earnings preview and does not give company-level results or the reason for the forecast. The immediate consequence is a market expectation for strong quarterly growth, but actual earnings are still unknown.
Why it matters
Jefferies is forecasting 17% year-on-year revenue growth for its coverage universe, excluding oil and gas, metals and financials, in the quarter. That sets expectations for the Q2 earnings season and suggests broad operating momentum outside those excluded sectors. What remains unknown is which companies will deliver the growth and whether margins will match revenues.