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Evercore (EVR) Stock Sinks As Market Gains: What You Should Know

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Evercore (EVR - Free Report) closed at $140.44 in the latest trading session, marking a -0.81% move from the prior day. This change lagged the S&P 500's 0.34% gain on the day.

Prior to today's trading, shares of the investment bank had lost 0.18% over the past month. This has was narrower than the Finance sector's loss of 2.9% and lagged the S&P 500's gain of 2.71% in that time.

Investors will be hoping for strength from EVR as it approaches its next earnings release. In that report, analysts expect EVR to post earnings of $2.30 per share. This would mark year-over-year growth of 50.33%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $564.19 million, up 10.11% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $11.55 per share and revenue of $2.6 billion. These totals would mark changes of +20.06% and +14.34%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for EVR. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. EVR is currently a Zacks Rank #3 (Hold).

Looking at its valuation, EVR is holding a Forward P/E ratio of 12.26. For comparison, its industry has an average Forward P/E of 12.54, which means EVR is trading at a discount to the group.

The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 90, putting it in the top 36% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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