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Evercore (EVR) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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Evercore (EVR - Free Report) reported $574.4 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 0.4%. EPS of $1.30 for the same period compares to $2.20 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $565.85 million, representing a surprise of +1.51%. The company delivered an EPS surprise of -0.76%, with the consensus EPS estimate being $1.31.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: 68.7% compared to the 68% average estimate based on two analysts.
Net Revenues- Other Revenue, net: $10.19 million versus $20.67 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -311.2% change.
Adjusted Net Revenues- Investment Management- Asset Management and Administration Fees: $18.79 million compared to the $18.58 million average estimate based on two analysts.
Adjusted Net Revenues- Investment Banking & Equities-Total: $547.09 million compared to the $538.78 million average estimate based on two analysts.
Shares of Evercore have returned -3.4% over the past month versus the Zacks S&P 500 composite's -1.6% 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) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Evercore (EVR - Free Report) reported $574.4 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 0.4%. EPS of $1.30 for the same period compares to $2.20 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $565.85 million, representing a surprise of +1.51%. The company delivered an EPS surprise of -0.76%, with the consensus EPS estimate being $1.31.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: 68.7% compared to the 68% average estimate based on two analysts.
- Net Revenues- Other Revenue, net: $10.19 million versus $20.67 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -311.2% change.
- Adjusted Net Revenues- Investment Management- Asset Management and Administration Fees: $18.79 million compared to the $18.58 million average estimate based on two analysts.
- Adjusted Net Revenues- Investment Banking & Equities-Total: $547.09 million compared to the $538.78 million average estimate based on two analysts.
View all Key Company Metrics for Evercore here>>>Shares of Evercore have returned -3.4% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.