Investment banking firm Jefferies Financial Group (NYSE: JEF) will be reporting earnings this Wednesday after market close. Here’s what to look for.

Jefferies beat analysts’ revenue expectations by 8.4% last quarter, reporting revenues of $2.05 billion, up 21.6% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ revenue estimates.

Is Jefferies a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Jefferies’s revenue to grow 2.8% year on year to $2.01 billion, slowing from the 63.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.80 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Jefferies has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Jefferies’s peers in the capital markets segment, only FactSet has reported results so far. It beat analysts’ revenue estimates by 1.3%, delivering year-on-year sales growth of 6.9%. The stock was down 2.6% on the results.

There has been positive sentiment among investors in the capital markets segment, with share prices up 5% on average over the last month. Jefferies is up 9.2% during the same time and is heading into earnings with an average analyst price target of $71.50 (compared to the current share price of $64.44).

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