Evercore (EVR - Free Report) reported $784.17 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 5.7%. EPS of $2.02 for the same period compares to $3.50 a year ago.
The reported revenue represents a surprise of +11.97% over the Zacks Consensus Estimate of $700.37 million. With the consensus EPS estimate being $1.63, the EPS surprise was +23.93%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Evercore performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Compensation Ratio: 71.9% versus the two-analyst average estimate of 71.4%.
- Net Revenues- Other Revenue, net: $31.81 million versus the two-analyst average estimate of $22.89 million. The reported number represents a year-over-year change of +128.5%.
- Adjusted Net Revenues- Investment Management- Asset Management and Administration Fees: $18.96 million versus the two-analyst average estimate of $19.46 million. The reported number represents a year-over-year change of +13.4%.
- Adjusted Net Revenues- Investment Banking & Equities-Total: $770.65 million versus $670.41 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -6.1% change.
View all Key Company Metrics for Evercore here>>>Shares of Evercore have returned +4.5% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Evercore (EVR - Free Report) reported $784.17 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 5.7%. EPS of $2.02 for the same period compares to $3.50 a year ago.
The reported revenue represents a surprise of +11.97% over the Zacks Consensus Estimate of $700.37 million. With the consensus EPS estimate being $1.63, the EPS surprise was +23.93%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Evercore performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Compensation Ratio: 71.9% versus the two-analyst average estimate of 71.4%.
- Net Revenues- Other Revenue, net: $31.81 million versus the two-analyst average estimate of $22.89 million. The reported number represents a year-over-year change of +128.5%.
- Adjusted Net Revenues- Investment Management- Asset Management and Administration Fees: $18.96 million versus the two-analyst average estimate of $19.46 million. The reported number represents a year-over-year change of +13.4%.
- Adjusted Net Revenues- Investment Banking & Equities-Total: $770.65 million versus $670.41 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -6.1% change.
View all Key Company Metrics for Evercore here>>>Shares of Evercore have returned +4.5% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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