Evercore Second Quarter 2024 Earnings: Beats Expectations

Evercore (NYSE:EVR) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$689.2m (up 38% from 2Q 2023).
• Net income: US$73.8m (up 98% from 2Q 2023).
• Profit margin: 11% (up from 7.4% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.92 (up from US$0.97 in 2Q 2023).

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

Evercore Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are up 1.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Evercore you should know about.

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