- Evercore’s adjusted earnings per share (EPS) for the second quarter stood at $2.42, surpassing last year’s $1.81 and exceeding estimates of $1.79.
- The company’s adjusted net revenue reached $838.9 million, reflecting a 21% increase year-over-year and outpacing the estimated $719.8 million.
- Investment banking advisory fees contributed $697.8 million to the adjusted net revenue, marking a 23% increase year-on-year.
- Revenue from investment banking underwriting fees was $32.2 million, a 3.9% rise compared to the previous year, surpassing the estimate of $30.4 million.
- Investment banking commissions and related revenue reported $58.3 million, a 9.5% growth year-on-year, exceeding expectations of $56.6 million.
- Adjusted operating income was recorded at $157.1 million, showing a significant 37% increase from the previous year and beating the estimate of $115.6 million.
- The adjusted compensation ratio slightly improved to 65.4% from 66% year-on-year.
- Cash and cash equivalents stood at $617.3 million, experiencing a slight decrease of 2.3% year-over-year.
- In terms of stock recommendations, the company received 6 buy ratings and 2 holds, with no sell ratings.
A look at Evercore Partners Inc Cl A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Evercore Partners Inc Cl A, an investment banking boutique, shows a promising long-term outlook based on the Smartkarma Smart Scores. With a strong momentum score of 5, the company demonstrates favorable market traction and potential for sustained growth. Additionally, a resilience score of 4 indicates the company’s ability to weather economic uncertainties, providing a steady foundation for future performance. While the value and dividend scores are moderate at 2, the growth score of 3 suggests potential for expansion and enhanced profitability over time.
Evercore Partners Inc Cl A, known for providing advisory services on various corporate transactions, stands out with a solid overall outlook based on the Smartkarma Smart Scores. Investors may find the company attractive due to its robust momentum and resilience scores, indicating both growth potential and stability. Despite average scores in value and dividend factors, the firm’s expertise in mergers, acquisitions, and managing private equity funds positions it well for long-term success in the competitive investment banking industry.
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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