Evercore Inc. (NYSE:EVR) is expected to report third quarter earnings results, before market open, on Wednesday 21st October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.38 per share.
Looking ahead, the full year income are expected at $ 4.22 per share on the revenues of $ 1685.94 million.
Previous Quarter Performance
Evercore Inc. outlined income for the second quarter of $ 1.35 per share, from the revenue of $ 513.92 million, On adjusted basis, EVR reported income for the quarter of $ 1.53 per share. The quarterly earnings shrunk 35.10 percent while revenues declined 4.08 percent compared with the same quarter last year. According to street consensus, EVR was expected to report 2Q20 income of $ 1.32 per share from revenue of $ 450.37 million. The bottom line results beat street analysts by $ 0.21 or 15.91 percent, at the same time, top line results outshined analysts by $ 63.55 million or 14.11 percent.
Stock Performance
Shares of Evercore Inc. traded up $ 0.02 or 0.03 percent on Tuesday, reaching $ 77.74 with volume of 468.40 thousand shares. Evercore Inc. has traded high as $ 80.54 and has cracked $ 77.72 on the downward trend
The closing price of $ 77.74, representing a 133.74 % increase from the 52 week low of $ 33.25 and a 7.6 % decrease over the 52 week high of $ 84.11.
The company has a market capital of $ 3.16 billion and is part of the Financial Services sector and Capital Markets industry.
Recent Analyst recommendations
- On 12th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 102.00 target price.
- On 9th October 2020, maintained by JMP Securities at Market Outperform rating, with $ 102.00 target price.
- On 2nd October 2020, upgraded by UBS Group to Buy from Neutral rating.
Conference Call
Evercore Inc. will be hosting a conference call at 8:00 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.evercore.com
Evercore Inc., together with its subsidiaries, operates as an independent investment banking advisory firm in the United States, Europe, Latin America, and internationally. It operates through two segments, Investment Banking and Investment Management. The Investment Banking segment offers advisory services on mergers, acquisitions, divestitures, leveraged buyouts, restructurings, shareholder activism and defense, and related corporate finance matters; and services related to securities underwriting, private placement services, and commissions for agency-based equity trading services and equity research.
