Forecast AssumptionsForecasts for 2026 assume a near-2021 situation, an environment where all the stars aligned, as the Street assumes 2026 advisory revenue rises to $21M per senior managing director.
Market ExpectationsStock underperformance likely reflects high expectations post money center bank earnings and the market view that this is as good as it gets.
Stock ValuationEVR's multiple on one-year forward estimates has risen to the mid-teens, well above the stock's 5-year average of 10.6x.