Stock Analysis
- United States
- /
- Capital Markets
- /
- NYSE:EVR
Evercore First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Evercore (NYSE:EVR) First Quarter 2024 Results
Key Financial Results
- Revenue: US$580.8m (up 1.5% from 1Q 2023).
- Net income: US$85.7m (up 2.8% from 1Q 2023).
- Profit margin: 15% (in line with 1Q 2023).
- EPS: US$2.23 (up from US$2.17 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Evercore EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 8.0%. Earnings per share (EPS) exceeded analyst estimates by 17%.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - Evercore has 2 warning signs we think you should be aware of.
Valuation is complex, but we're helping make it simple.
Find out whether Evercore is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:EVR
Evercore
Evercore Inc., together with its subsidiaries, operates as an independent investment banking advisory firm in the United States, Europe, Latin America, and internationally.
High growth potential established dividend payer.