Evercore Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

Simply Wall St

February 10, 2025

Evercore (NYSE:EVR) Full Year 2024 Results

Key Financial Results

Revenue: US$2.98b (up 23% from FY 2023).
Net income: US$378.3m (up 48% from FY 2023).
Profit margin: 13% (up from 11% in FY 2023). The increase in margin was driven by higher revenue.
EPS: US$9.86 (up from US$6.71 in FY 2023).

revenue-and-expenses-breakdown — NYSE:EVR Revenue and Expenses Breakdown February 10th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Evercore Revenues Beat Expectations

Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the Investment Banking & Equities segment contributing a total revenue of US$2.90b (97% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$2.20b (91% of total expenses). Explore how EVR's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are down 2.7% from a week ago.

Risk Analysis

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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.