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Evercore Partners Inc (EVR)
NYSE:EVR
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$3.05Last Year’s EPS
$2.02Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: 0.34%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected strong revenue growth and successful strategic advisory transactions alongside challenges in managing expenses and geopolitical uncertainties. While the firm shows robust hiring and market presence, particularly in ECM and wealth management, there are notable concerns regarding the compensation ratio and European market performance.Company Guidance
In the third quarter of 2024, Evercore reported a strong financial performance with adjusted net revenues reaching approximately $740 million, marking a 28% increase from the previous year. The adjusted operating income was $135 million, up 63% year-over-year, and the adjusted earnings per share rose by 57% to $2.04. The adjusted operating margin improved by 385 basis points to 18.2%. Advisory Fees saw a 27% increase to $593 million, Underwriting Fees grew by 43% to $44 million, and Commissions and Related Revenue increased by 12% to $55 million. The firm's adjusted Asset Management and Administration Fees climbed 14% to $21 million, while the adjusted Other Revenue net was $26 million. Evercore's cash and investment securities totaled $1.8 billion, and the company returned $529 million to shareholders through dividends and share repurchases in the first nine months of 2024.Record-Breaking Revenue Growth
Adjusted net revenues reached approximately $740 million, marking a 28% increase compared to the prior year period.
Strategic Advisory Success
Notable transactions include advising TIH on a $7.8 billion sale, Avenue Capital Group on their $3.4 billion sale, and CVC on its acquisition in Epicor.
Strong Hiring and Talent Acquisition
Year-to-date, 8 Investment Banking Senior Managing Directors and 1 Senior Adviser have joined or committed to join the firm.
Underwriting Business Momentum
Lead left bookrunner on Diamondback Energy's $2.6 billion follow-on offering, the third largest U.S. follow-on offering of the year.
Equity Capital Markets Performance
Participated in 5 of the 8 U.S. tech IPOs, emphasizing a significant presence in the tech IPO research sector.
Wealth Management Growth
Assets under management reached $13.9 billion, driven by strong market appreciation and client engagement.
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EVR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EVR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $274.89 | $257.07 | -6.48% |
| Jul 24, 2024 | $242.75 | $235.00 | -3.19% |
| Apr 24, 2024 | $194.18 | $184.76 | -4.85% |
| Jan 31, 2024 | $173.79 | $169.33 | -2.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Evercore Partners Inc (EVR) report earnings?
Evercore Partners Inc (EVR) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Evercore Partners Inc (EVR) earnings time?
Evercore Partners Inc (EVR) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EVR EPS forecast?
EVR EPS forecast for the fiscal quarter 2024 (Q4) is $3.05.
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