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3 Reasons Why Evercore (EVR) Stock is Worth Betting on Now

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Underlying strength and good growth prospects make Evercore Inc. (EVR - Free Report) a solid bet now. Further, the company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in each of the trailing four quarters.

The company’s Zacks Consensus Estimate for the current-year earnings has been revised 10.7% upward over the last 60 days, indicating analysts’ optimism about its earnings growth potential. As a result, the stock currently carries a Zacks Rank #2 (Buy).

Given the positive estimate revisions and a solid Zacks Rank, we expect a decent upside for the stock in the near term. Also, shares of Evercore have rallied 10.7% so far this year as against the industry’s decline of 0.5%.



Here are the factors that make Evercore a viable investment option:

Earnings per Share Strength: Over the past three to five years, Evercore witnessed earnings per share (EPS) growth of 24.8% compared with the industry’s average of 11.7%. Further, the company’s earnings are projected to grow 21.8% and 10.6% in 2017 and 2018, respectively.

Also, its long-term (three to five years) estimated EPS growth rate of 9.6% promises rewards for investors over the long run.

Moreover, Evercore has a Growth Score of A. Our research shows that stocks with Style Scores of A or B, when combined with Zacks Rank #1 (Strong Buy) or 2, offer the best upside potential.

Solid Return on Equity (ROE): With a ROE of 33.56% compared with the industry average of 9.18%, Evercore appears to reinvest its cash more efficiently.

Favorable VGM Score: Evercore has a VGM Score of A. Our research shows that stocks with a VGM Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.

Other Stocks Worth a Look

Other stocks worth considering in the same industry include Interactive Brokers Group, Inc. (IBKR - Free Report) , E*TRADE Financial Corporation and Raymond James Financial, Inc. (RJF - Free Report) . All three stocks carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Interactive Brokers’ current-year earnings was revised 3.4% upward over the past 60 days. Also, its share price has seen a 20.3% rise over the past year.

E*TRADE’s earnings estimates have been revised upward by 9.8% for the current year, over the past 60 days. Also in the past year, its share price has increased 47.1%.

Earnings estimates for Raymond James moved up a penny for the current year, over the past 60 days. Also, its share price has seen a 42% rise over the past year.

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