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Evercore Partners
(NYSE:EVR)
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Rating:73Outperform
Price Target:
$340.00
â–²(0.11% Upside)
Action:Upgraded
Date:07/30/26
The score is driven primarily by strong financial performance (healthy margins, strong cash conversion) and a very positive latest earnings update with continued strength expected. This is partly offset by weak technical positioning (price below major moving averages) and only moderate support from valuation (P/E ~17.7 and ~1.1% yield).
Positive Factors
Strong free cash flow generation
Sustained high free cash flow and close FCF-to-net-income conversion indicate durable earnings quality and internal funding for buybacks, dividends, investments, and recruiting. Over 2–6 months this supports capital returns and strategic hires without relying on external financing.
Negative Factors
Cyclicality of advisory revenues
Advisory fees remain inherently cyclical and transaction-timing dependent, causing material year-to-year swings in revenue and cash flow. This structural variability complicates forecasting, capital allocation, and sustaining margins if deal activity softens over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Sustained high free cash flow and close FCF-to-net-income conversion indicate durable earnings quality and internal funding for buybacks, dividends, investments, and recruiting. Over 2–6 months this supports capital returns and strategic hires without relying on external financing.
Read all positive factors
Evercore Partners Key Performance Indicators (KPIs)
Any
Operating Income By Segment
Shows profit generated by each business unit, highlighting areas of operational efficiency and strategic success.
Shows profit generated by each business unit, highlighting areas of operational efficiency and strategic success.
Data provided by:
The Fly
The FlyEvercore Partners (EVR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.40B
Dividend Yield1.06%
Average Volume (3M)397.39K
Price to Earnings (P/E)16.7
Beta (1Y)1.86
Revenue Growth45.68%
EPS Growth59.92%
CountryUS
Employees2,570
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)19.20
Shares Outstanding38,682,484
10 Day Avg. Volume446,818
30 Day Avg. Volume397,388
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)7.43
Price to Sales (P/S)3.89
P/FCF Ratio12.77
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$372.40Price Target Upside9.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)19.65
Revenue Forecast (FY)$4.87B
Evercore Partners Business Overview & Revenue Model
Company Description
Evercore Inc. functions as an autonomous investment banking advisory firm, maintaining a substantial international presence with operations spanning the United States, Europe, and Latin America. The company is structured into two core business uni...
How the Company Makes Money
Evercore makes money primarily by earning fees for professional advisory services and, to a lesser extent, investment management fees.
1) Advisory fees (largest revenue driver)
- M&A and strategic advisory: Evercore earns transaction-based adviso...
Evercore Partners Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 28, 2026
Earnings Call Sentiment Positive
The call conveyed a strongly positive performance driven by record revenues, significant YoY growth in earnings and operating income, broad-based strength across advisory, underwriting, ECM, equities and wealth management, and continued capital returns and talent investment. The principal concerns were elevated non-compensation expenses (some due to intentional investments and episodic items), modest margin pressure versus some historical ranges, and industry softness in the middle-market/sponsor segments. Management framed the expense increases as targeted investments to support continued growth and expects many of the episodic items to ease in future quarters.Positive Updates
Record Quarterly and First-Half Revenue
Adjusted net revenues of $1.0 billion for Q2 2026, up 19% year-over-year; record first-half adjusted revenues of $2.4 billion, up 56% year-over-year.
Negative Updates
Elevated Non-Compensation Expenses
Adjusted non-compensation expenses were $175 million in Q2, producing a non-comp ratio of 17.5% for the quarter (up meaningfully sequentially); first-half non-comp ratio was 13.5% with management noting the Q2 increase was larger than normal and driven by near-term and medium/longer-term investments.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Quarterly and First-Half Revenue
Adjusted net revenues of $1.0 billion for Q2 2026, up 19% year-over-year; record first-half adjusted revenues of $2.4 billion, up 56% year-over-year.
Read all positive updates
Company Guidance
Management stopped short of formal revenue guidance but said activity and backlog are near record levels and they expect continued strength in the second half and into next year; Q2 adjusted net revenues were $1.0 billion (+19% YoY) and adjusted diluted EPS $2.91 (+20%), with first-half revenues $2.4 billion (+56%) and first-half adjusted EPS $10.48 (+77%). Q2 adjusted operating income was $190 million (H1 $544 million, +21% and +99%), adjusted operating margins were 19% (Q2) and 22.7% (H1), and GAAP net revenues, operating income and EPS were $990 million, $147 million and $2.32. By product, Q2 advisory fees were ~$776 million (+11%), underwriting $97 million (+201%), commissions $64 million (+9%), asset management/admin ~$25 million (+15%) and other revenue ~$39 million; Q2 adjusted comp ratio was 63.5% (down ~190 bps YoY), adjusted non-comp expense was $175 million (17.5% non-comp ratio, H1 non-comp ratio 13.5% v. last year 14.2%), adjusted tax rate 29.4%. Balance sheet and capital return metrics: cash and investment securities ~ $2.4 billion, returned $150 million in Q2 (≈330,000 shares repurchased + dividends), $823 million returned YTD (including $734 million repurchases at ~$325/share), and adjusted diluted shares 43.7 million (down >730,000 Q/Q).Evercore Partners Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
68
Positive
Cash Flow
86
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.73B | 3.88B | 3.00B | 2.44B | 2.78B | 3.31B |
| Gross Profit | 4.69B | 3.86B | 2.98B | 2.43B | 2.76B | 3.29B |
| EBITDA | 1.04B | 804.35M | 532.76M | 368.18M | 732.69M | 1.15B |
| Net Income | 745.05M | 591.92M | 378.28M | 255.48M | 476.52M | 740.12M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.36B | 4.17B | 3.70B | 3.62B | 3.80B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 1.47B | 939.71M | 651.73M | 786.29M | 719.53M |
| Total Debt | 0.00 | 1.16B | 923.32M | 844.39M | 687.82M | 721.04M |
| Total Liabilities | 0.00 | 3.04B | 2.23B | 1.92B | 1.89B | 2.17B |
| Stockholders Equity | 0.00 | 2.03B | 1.71B | 1.58B | 1.54B | 1.32B |
Cash Flow | ||||||
| Free Cash Flow | 1.11B | 1.18B | 958.05M | 437.91M | 508.19M | 1.36B |
| Operating Cash Flow | 1.14B | 1.26B | 988.15M | 457.95M | 531.38M | 1.38B |
| Investing Cash Flow | 60.59M | -98.33M | -67.43M | 15.62M | 313.30M | -705.89M |
| Financing Cash Flow | -825.26M | -635.62M | -628.55M | -557.23M | -735.57M | -925.32M |
Evercore Partners Technical Analysis
Negative
339.63
Price Trends
344.44
Negative
330.62
Negative
330.22
Negative
Market Momentum
-2.63
Positive
48.08
Neutral
26.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVR, the sentiment is Negative. The current price of 339.63 is above the 20-day moving average (MA) of 336.57, below the 50-day MA of 344.44, and above the 200-day MA of 330.22, indicating a bearish trend. The MACD of -2.63 indicates Positive momentum. The RSI at 48.08 is Neutral, neither overbought nor oversold. The STOCH value of 26.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EVR.
Evercore Partners Risk Analysis
Evercore Partners disclosed 39 risk factors in its most recent earnings report. Evercore Partners reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Evercore Partners Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $12.57B | 9.12 | 16.36% | 1.79% | 11.06% | 60.96% | |
76 Outperform | $5.39B | 16.65 | 23.52% | 2.59% | 32.12% | 40.51% | |
73 Outperform | $12.40B | 16.70 | 53.00% | 1.00% | 45.68% | 59.92% | |
73 Outperform | $5.44B | 22.14 | 42.00% | 3.88% | 13.69% | 12.33% | |
68 Neutral | $8.77B | 20.61 | 17.78% | 1.78% | 1.59% | -1.40% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | $12.59B | 14.72 | 8.51% | 2.86% | 29.74% | 35.56% |
* Financial Sector Average
EVR
Evercore Partners
320.56
23.65
7.96%
JEF
Jefferies
54.60
-0.35
-0.64%
PIPR
Piper Sandler
75.80
-2.41
-3.09%
SF
Stifel Financial
82.91
9.34
12.70%
MC
Moelis
67.08
-0.24
-0.35%
HLI
Houlihan Lokey
125.49
-64.77
-34.04%
Evercore Partners Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Evercore Stockholders Back Leadership, Pay and Incentive Plan
Positive
Jun 12, 2026
Evercore Inc. held its annual meeting of stockholders on June 10, 2026, at which shareholders re-elected the full slate of board nominees, including Executive Chairman John S. Weinberg and founder Roger C. Altman, signaling continued support for t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.