This quarterly report represents an earnings surprise of 9.04%. A quarter ago, it was expected that this investment bank would post earnings of $2.20 per share when it actually produced earnings of $2.13, delivering a surprise of -3.18%. Evercore, which belongs to the Zacks Financial - Investment Bank industry, posted revenues of $695.27 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 12.08%. This compares to yearago revenues of $503.6 million. The company has topped cons ...

Exhibit 99.1 | | | g | Second Quarter Net Revenues were $689.2 million and $695.3 million on a U.S. GAAP and an Adjusted | | --- | --- | --- | --- | | | | | basis, respectively, representing a record second quarter by both measures | | | | g | Second Quarter Operating Income of $108.2 million and $114.3 million on a U.S. GAAP and an Adjusted | | | | | basis, respectively, increased 88% and 80%, respectively versus 2023; Second Quarter Operating Margins of 15.7% and 16.4% on a U.S. GAAP basis and an Adjusted ...

The market expects Evercore (EVR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on J ...

Core Insights - Restaurant Brands International Inc. (RBI) is participating in a fireside chat at the Evercore ISI Consumer and Retail Conference on June 13, 2024, at 9:30 am Eastern Time, featuring CEO Josh Kobza and Executive Chairman Patrick Doyle [1] Company Overview - RBI is one of the largest quick service restaurant companies globally, with over $40 billion in annual system-wide sales and more than 30,000 restaurants across over 120 countries and territories [2] - The company owns four major quick service restaurant brands: TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®, which have been serving their customers and communities for decades [2] - RBI is committed to improving sustainable outcomes through its Restaurant Brands for Good framework, focusing on food, the planet, and communities [2] Event Information - A live audio webcast of the fireside chat will be available on the company's investor relations website and will remain accessible for 30 days following the event [4]

CHICAGO, June 07, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ: MDLZ) today announced that Luca Zaramella, Chief Financial Officer, will present at the 4th Annual Evercore ISI Consumer & Retail Conference, on Thursday, June 13, 2024, at 10:15 a.m. ET. A listen-only webcast will be provided at www.mondelezinternational.com/investors and a replay of the event will also be available on the company's website. Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 ...

Nvidia (NASDAQ:NVDA) stock is in the news Thursday after Evercore warned its clients that the tech company's shares are no longer a "linchpin" for the S&P 500. Evercore points to the performance of the S&P 500 following Nvidia's Q1 earnings report earlier this week. While Nvidia stock underwent a massive rally on strong Q1 results, the S&P 500 didn't move in sympathy with the shares. Evercore argues that this could mean that Nvidia doesn't carry the weight needed to move the S&P 500. It could also be a sign ...

NEW YORK, May 30, 2024 (GLOBE NEWSWIRE) -- The Vita Coco Company, Inc. (NASDAQ: COCO) ("Vita Coco" or the "Company"), a leading high-growth platform of better-for-you beverage brands, today announced that the Company will participate in the 4th Annual Evercore ISI Consumer and Retail Conference on June 12, 2024. The conference will be held virtually. Martin Roper, Chief Executive Officer, and Corey Baker, Chief Financial Officer, will participate in a virtual fireside chat on Wednesday, June 12, 2024 at 12: ...

ATLANTA, May 29, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, announced today that Will Stengel, President & CEO-elect, and Bert Nappier, EVP & CFO, will present virtually at the 4th Annual Evercore ISI Consumer and Retail Conference at 8:45 a.m. ET on Wednesday, June 12, 2024. The presentation will be webcast live on the company's investor relations website. A replay of the webcast will be available after the event. Abo ...

COLUMBUS, Ohio, May 28, 2024 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) announced today that Eva Boratto, chief financial officer, will participate in a fireside chat at the Evercore ISI Consumer & Retail Conference on Tuesday, June 11, 2024, at 11:00 a.m. EDT. A live audio webcast will be available at the time of the event and may be accessed through the Events and Presentations section of the company's website at https://investors.bbwinc.com/financial-reporting/eventspresentations. The webca ...

Core Viewpoint - Evercore's recent earnings report showed mixed results, with adjusted earnings per share missing estimates, while revenues increased year-over-year, indicating potential challenges ahead for the company [2][4]. Financial Performance - Adjusted earnings per share for Q1 2024 were $2.13, missing the Zacks Consensus Estimate of $2.20 and down from $2.16 a year ago [2] - Net income available to common shareholders was $85.7 million, reflecting a 2.8% increase from the previous year [3] - Total revenues for Q1 2024 were $585 million, missing the consensus estimate of $652.7 million but up 1.5% year-over-year [4] - Adjusted net revenues were $587.3 million, marking a 1.7% increase year-over-year [4] - Total expenses rose by 6.8% to $496.7 million, primarily due to increases in various expense components [5] Segment Performance - In the Investment Banking & Equities segment, net revenues increased by 1.2% year-over-year to $561.7 million, but operating income decreased by 23.3% to $78.9 million [6] - The Investment Management segment saw net revenues of $19.1 million, up 10.1% from the prior year, with operating income rising 27.7% to $5.2 million and AUM reaching $13 billion, an 18% increase year-over-year [6] Balance Sheet - As of March 31, 2024, cash and cash equivalents stood at $569.8 million, with investment securities and certificates of deposit totaling $865.3 million [7] - Current assets exceeded current liabilities by $1.5 billion [7] Shareholder Activities - In Q1 2024, Evercore repurchased 1.5 million shares at an average price of $177.04 [8] Market Sentiment - Estimates for Evercore have trended downward, with a consensus estimate shift of -21.43% [9][10] - The company currently holds a Zacks Rank of 4 (Sell), indicating expectations of below-average returns in the coming months [12] Industry Comparison - Evercore is part of the Zacks Financial - Investment Bank industry, where competitor Morgan Stanley reported revenues of $15.14 billion, a year-over-year increase of 4.3% [13] - Morgan Stanley's EPS for the same period was $2.02, compared to $1.70 a year ago, and it has a Zacks Rank of 1 (Strong Buy) [14]