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Evercore Partners Inc (EVR)
NYSE:EVR
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.74Last Year’s EPS
2.13Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -9.14%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook for Evercore Inc., with strong revenue growth, significant advisory fee increases, and successful talent acquisition. However, there are concerns regarding geopolitical and macroeconomic uncertainties and increased non-compensation expenses.Company Guidance
During the call, Evercore Inc. provided guidance for the fiscal year 2025, highlighting a strong performance in 2024 with revenues over $3 billion, marking it as their second-best year ever. They advised on three of the seven largest global M&A deals and expanded their market share in advisory fees. Over the past five years, more than 40% of their revenues were from non-M&A sources. The firm experienced its strongest revenue quarter since late 2021, with adjusted net revenues for the fourth quarter at $981 million, a 24% increase from 2023. For 2024, adjusted operating income and EPS rose by 45% and 46%, respectively, compared to the previous year. The adjusted operating margin improved by 280 basis points to 18.6%. The company also emphasized their robust recruitment efforts, hiring nearly 30 senior managing directors and senior advisers externally, and promoting over 30 internally in the last three years, which positions them well for continued growth. Looking ahead, Evercore is optimistic about 2025, anticipating further improvement in the deal-making environment and planning to maintain a focus on strategic investments and expense management to enhance shareholder value.Second-Best Year for Revenue
2024 was Evercore Inc.'s second-best year ever for revenue with firm-wide adjusted net revenues of just over $3 billion.
Significant Increase in Advisory Fees
Fourth quarter adjusted advisory fees of $850 million increased 29% year over year. Full-year adjusted advisory fees were $2.4 billion, up 24% compared to 2023.
Strong Performance in Private Capital Advisory
The industry-leading private capital advisory and private funds group achieved record years, with strong performance driven by record volumes.
Improved Operating Margins
Adjusted operating margin improved by 280 basis points compared to 2023, with a full-year adjusted operating margin of 18.6%.
Recruitment and Talent Acquisition
2024 marked the second-largest class of investment banking senior managing director new hires, with a strong pipeline of external recruits.
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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 |
|---|---|---|---|
| Feb 05, 2025 | $282.85 | $285.06 | +0.78% |
| 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% |
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 Apr 23, 2025, TBA Not Confirmed.
What is Evercore Partners Inc (EVR) earnings time?
Evercore Partners Inc (EVR) earnings time is at Apr 23, 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 2025 (Q1) is 2.74.
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