- Evercore’s adjusted earnings per share (EPS) for the fourth quarter is $3.41, significantly higher than the previous year’s $2.02 and the estimate of $2.83.
- The company’s adjusted net revenue has increased by 24% year-over-year, reaching $980.5 million, surpassing the estimate of $889.4 million.
- Adjusted net revenue from investment banking advisory fees rose by 29% year-over-year to $849.6 million, exceeding the estimate of $755.6 million.
- Revenue from investment banking underwriting fees saw a 38% increase year-over-year, amounting to $26.4 million, although this was below the estimated $32.3 million.
- Investment banking commissions and related revenue slightly exceeded estimates, growing by 3.7% year-over-year to $58.0 million against an estimate of $57.9 million.
- Adjusted operating income jumped by 76% year-over-year to $217.7 million, well above the estimate of $183 million.
- The adjusted compensation ratio improved to 65.2% from the previous year’s 70.8%.
- Cash and cash equivalents increased by 46% year-over-year to $873.0 million.
- Analyst recommendations consist of 5 buys, 5 holds, and 1 sell.
“`
A look at Evercore Partners Inc Cl A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 4 | |
| 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, exhibits a promising long-term outlook based on its Smartkarma Smart Scores. With a solid Resilience score of 5, the company demonstrates strong capability to weather economic uncertainties and fluctuations in the market. This resilience factor is further complemented by a robust Momentum score of 4, indicating positive forward traction in its operations. Moreover, Evercore Partners Inc Cl A shows potential for Growth with a score of 3, reflecting opportunities for expansion and development.
In terms of Value and Dividend, Evercore Partners Inc Cl A scores moderately at 2 for both factors. While there may be areas for improvement in these aspects, the company’s overall outlook appears favorable, particularly in terms of resilience, momentum, and growth potential. As an investment banking firm offering advisory services and private equity fund management, Evercore is positioned to capitalize on its strengths and navigate challenges effectively in the long run.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
