EVR Earnings Prediction
The chart below shows how EVR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EVR sees a -1.39% change in stock price 10 days leading up to the earnings, and a +3.52% change 10 days following the report. On the earnings day itself, the stock moves by -2.53%. This data can give you a slight idea of what to expect for the next quarter's release.
EVR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
976.05M
24.35%
32.78%
Gross Margin
--
--
--
Operating Margin
21.78%
45.30%
23.82%
Net Margin
15.86%
35.21%
32.39%
EPS
3.30
62.56%
77.42%
No Data Available
EVR Earnings Analysis
Evercore Inc Corporation (EVR.N) Earnings Conference Call
Positive
Record Revenue Achievement: 2024 marked Evercore's second best year ever for revenue with firm wide adjusted net revenues of just over $3 billion, reflecting a 23% increase compared to 2023.
Q4 Revenue Surge: Fourth quarter adjusted net revenues of $981 million increased 24% year over year, indicating strong momentum in the business.
Fourth Quarter Profitability Surge: Adjusted operating income for the fourth quarter was $218 million, a 76% increase compared to the same quarter last year, showcasing significant profitability growth.
Wealth Management Growth: In wealth management, record revenues and assets under management reached $13.9 billion, demonstrating strong client engagement and growth in this segment.
Shareholder Value Enhancement: Evercore returned a total of $591 million to shareholders through dividends and share repurchases, reflecting a commitment to enhancing shareholder value.
Negative
Decline in Adjusted Revenue: Adjusted other revenue net decreased to approximately $24,000,000 in Q4 2024 from $37,000,000 a year ago, indicating a significant decline in this revenue stream.
Non-Compensation Expense Increase: Non-compensation expenses for the full year increased by 16% to $471,000,000, primarily driven by higher client-related expenses and travel costs, reflecting rising operational costs amid revenue growth.
Underwriting Business Performance: Despite a strong year in advisory fees, the underwriting business generated only $26,000,000 in Q4 2024, which, while up 38% year-over-year, still highlights a relatively low contribution compared to advisory fees.
Increased Tax Burden: The adjusted tax rate for Q4 2024 was 27.3%, up from 25.3% in the same quarter last year, indicating a higher tax burden that could impact net earnings going forward.
Share Count Increase Impact: The diluted share count increased by 1,300,000 shares year-over-year, primarily due to higher share prices impacting unvested awards, which could dilute shareholder value.
EVR FAQs
How does EVR typically perform around its earnings report dates?
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EVR Earning Call Sentiment
Earnings call transcript: Evercore Q4 2024 results beat expectations, stock rises
EVR.N
-1.21%Positive
The earnings call revealed strong financial performance with significant growth in revenues, operating income, and EPS, alongside improved operating margins. Shareholder returns through dividends and share repurchases were substantial. Although non-compensation expenses rose, the overall financial health remains robust. The Q&A session highlighted management's optimism in market activity and competitive positioning, despite the lack of specific guidance on the comp ratio. Given the positive financial metrics and shareholder returns, the stock price is likely to see a positive movement.
