Financial Data and Key Metrics Changes - Evercore reported adjusted net revenues of $839 million for Q2 2025, an increase of nearly 21% year over year, marking record revenues for both the second quarter and the first half of the year [9][10][21] - Adjusted operating income for Q2 2025 was $157 million, up 37% compared to the previous year [21] - Adjusted earnings per share (EPS) for Q2 2025 increased by 34% to $2.42 [21] - The adjusted operating margin improved to 18.7%, up from 16.4% in the prior year [21] Business Line Data and Key Metrics Changes - Adjusted advisory fees reached $698 million in Q2 2025, a record for the second quarter, reflecting a 23% year-over-year increase [22] - Underwriting revenues were $32 million, up 4% from the previous year [24] - Commissions and related revenue increased by 10% year over year to $58 million [24] - Adjusted asset management and administration fees rose 3% year over year to $21 million, driven by market appreciation and net inflows [24] Market Data and Key Metrics Changes - Year-to-date global M&A volumes were 30% higher than the previous year, with steady monthly increases [11] - The European business saw growth with increased activity across most sectors, and financial sponsors' activity strengthened [15] - The liability management and restructuring group experienced strong activity levels, particularly in private equity-led situations [16] Company Strategy and Development Direction - The acquisition of Roby Warshaw is aimed at enhancing Evercore's capabilities and expanding its global presence, particularly in the UK and EMEA regions [6][8] - The company continues to focus on recruiting high-quality talent as its primary growth strategy, while remaining open to future acquisitions if they align with its goals [41][42] - Evercore aims to maintain a diversified business model, with approximately 50% of revenues coming from non-M&A sources [13][46] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improving market conditions and increasing CEO confidence levels, which are expected to support continued growth in investment banking [10][11] - There is a belief that while uncertainties remain, the investment banking environment will improve as clarity and stability return to the market [11] - The company remains committed to executing its growth strategy and creating value for clients and shareholders [18] Other Important Information - The adjusted compensation ratio for Q2 2025 was 65.4%, down 60 basis points from the prior year [25] - Non-compensation expenses increased by 9% year over year, primarily due to technology and occupancy costs [26] - As of June 30, the company had over $1.7 billion in cash and investment securities, maintaining a strong cash position [28] Q&A Session Summary Question: Can you provide additional details about the Roby Warshaw business profile? - Management highlighted that Roby Warshaw is a top-level advisor with strong strategic capabilities but has not fully translated its advisory position into revenues. The synergy with Evercore's capabilities is expected to drive revenue growth [33][34] Question: Are tariffs still impacting potential transactions in the M&A space? - Management acknowledged that while there is not a full recovery in merger activity, boards are becoming more comfortable, leading to a build-up of activity in the backlog [35][36] Question: Will Evercore pursue more acquisitions to fuel growth? - Management stated that while hiring high-quality talent remains the primary growth strategy, they are open to evaluating future acquisition opportunities if they align with the company's goals [41][42] Question: What is the outlook for industry volumes in the private capital advisory space? - Management indicated strong activity levels in the first half of the year and does not foresee a slowdown, although growth may not ramp as quickly in the second half [55] Question: How does the company plan to manage expenses and drive synergies post-acquisition? - Management emphasized a focus on balancing investment in talent with managing expenses, and they are making strategic investments in technology and office space to support growth [59][63]

Financial Data and Key Metrics Changes - Evercore reported adjusted net revenues of $839 million for Q2 2025, an increase of nearly 21% year over year, marking record revenues for both the second quarter and the first half of the year [10][11][22] - Adjusted operating income for Q2 2025 was $157 million, up 37% compared to the previous year, with adjusted earnings per share increasing 34% to $2.42 [22][23] - The adjusted operating margin improved to 18.7% from 16.4% in the prior year period [22] Business Line Data and Key Metrics Changes - Adjusted advisory fees reached $698 million in Q2 2025, a 23% increase year over year, also a record for the second quarter [23] - Underwriting revenues were $32 million, up 4% from a year ago, while commissions and related revenue increased 10% to $58 million [24] - Adjusted asset management and administration fees rose 3% year over year to $21 million, driven by market appreciation and net inflows [24] Market Data and Key Metrics Changes - Year-to-date global M&A volumes were 30% higher than the previous year, with steady monthly increases [12] - The European business saw growth with increased activity across most sectors, and financial sponsors' activity levels strengthened [15] Company Strategy and Development Direction - The acquisition of Roby Warshaw is aimed at enhancing Evercore's capabilities and expanding its global presence, particularly in the UK and EMEA regions [6][8][10] - The company continues to focus on recruiting high-quality talent as a primary growth strategy, alongside potential acquisitions [41][42] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improving market conditions and increasing CEO confidence levels, anticipating continued growth in the investment banking environment [11][12] - Despite uncertainties, management believes that the merger business will strengthen, contributing significantly to overall revenues [47] Other Important Information - Evercore's cash and investment securities totaled over $1.7 billion as of June 30, and the company returned $532 million to shareholders through share repurchases and dividends in the first half of the year [29][31] - The company maintains a strong liquidity position and conservative debt levels, with plans to continue investing in strategic initiatives [31] Q&A Session Summary Question: Additional details on the Roby Warshaw transaction - Management highlighted Roby Warshaw's strong client relationships and strategic advisory capabilities, which will complement Evercore's offerings [33][34] Question: Impact of tariffs on M&A activity - Management noted that while full merger activity has not returned, there is growing comfort and certainty among boards, leading to increased backlog and potential future activity [36][37] Question: Future acquisitions for growth - Management emphasized that organic growth through hiring high-quality talent remains the primary strategy, with acquisitions considered on a case-by-case basis [41][42] Question: Diversification of business and revenue mix - Management indicated that while M&A activity is expected to grow, non-M&A businesses will also continue to thrive, aiming for a balanced revenue mix [46][47] Question: Outlook for secondary market volumes - Management expressed confidence in maintaining strong activity levels in the secondary market, despite increased competition [51][55] Question: Cost synergies and margin outlook - Management discussed ongoing efforts to manage compensation and non-compensation expenses, with a focus on achieving a lower compensation ratio over time [58][60] Question: Financing details for the Roby Warshaw deal - Management clarified the structure of the transaction, including the use of stock for the first tranche and potential future performance-based considerations [66][70]

Core Viewpoint - Evercore (EVR) reported quarterly earnings of $2.42 per share, exceeding the Zacks Consensus Estimate of $1.78 per share, and showing an increase from $1.81 per share a year ago, resulting in an earnings surprise of +35.96% [1][2] Financial Performance - The company achieved revenues of $838.86 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 17.65%, compared to $695.27 million in the same quarter last year [2] - Over the last four quarters, Evercore has consistently exceeded consensus EPS estimates and revenue estimates [2] Stock Performance - Evercore shares have increased approximately 9.2% since the beginning of the year, outperforming the S&P 500's gain of 8.3% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.26 on revenues of $770.11 million, and for the current fiscal year, it is $11.71 on revenues of $3.31 billion [7] - The Zacks Rank for Evercore is currently 1 (Strong Buy), indicating expectations for the stock to outperform the market in the near future [6] Industry Context - The Financial - Investment Bank industry, to which Evercore belongs, is currently ranked in the top 6% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this sector [8]

[Financial & Business Highlights](index=1&type=section&id=Financial%20%26%20Business%20Highlights) Evercore achieved record Q2 and H1 2025 revenues, driven by strong growth in both GAAP and Adjusted metrics and strategic business developments Q2 & YTD 2025 Financial Performance Summary | Metric | Q2 2025 (GAAP) ($ mm) | Q2 2024 (GAAP) ($ mm) | Q2 2025 (Adjusted) ($ mm) | Q2 2024 (Adjusted) ($ mm) | | :--- | :--- | :--- | :--- | :--- | | **Net Revenues** | $833.8 | $689.2 | $838.9 | $695.3 | | **Operating Income** | $150.4 | $108.2 | $157.1 | $114.3 | | **Net Income Attributable to Evercore Inc.** | $97.2 | $73.8 | $105.4 | $78.7 | | **Diluted EPS ($)** | $2.36 | $1.81 | $2.42 | $1.81 | | **Operating Margin** | 18.0% | 15.7% | 18.7% | 16.4% | - Announced an agreement to acquire Robey Warshaw, a successful independent advisory firm based in the United Kingdom[2](index=2&type=chunk) - The Advisory business achieved record second quarter and first half revenues, advising on **4** of the **10** largest transactions year-to-date[2](index=2&type=chunk) - Year-to-date, **nine** Investment Banking Senior Managing Directors (SMDs) and one Senior Advisor have started or will join the firm, with **four** joining since the last earnings call[2](index=2&type=chunk) - Returned **$532.1 million** to shareholders in the first half of 2025 through dividends and the repurchase of **1.7 million** shares[2](index=2&type=chunk) [Leadership Commentary](index=3&type=section&id=Leadership%20Commentary) Leadership expressed satisfaction with record Q2 and H1 revenues, emphasizing strong forward momentum for the second half of the year - John S. Weinberg, Chairman and CEO, stated: "We are pleased with our forward momentum and remain focused on our client coverage, the quality of our execution, and our longer term strategy"[4](index=4&type=chunk) - Roger C. Altman, Founder and Senior Chairman, noted: "We delivered the strongest second quarter and first half revenues in our history, and are entering the second half of the year with meaningful momentum"[4](index=4&type=chunk) [Basis of Financial Presentation](index=4&type=section&id=Basis%20of%20Financial%20Presentation) Financial results are presented across two segments, utilizing non-GAAP Adjusted measures for comparability and reflecting a reclassification of technology expenses - The company's results are categorized into two segments: Investment Banking & Equities and Investment Management[6](index=6&type=chunk) - The report uses non-GAAP 'Adjusted' financial measures, which exclude certain items like acquisition costs and reflect the conversion of LP Units, to help investors understand operating performance[7](index=7&type=chunk) - In Q2 2025, the company reclassified technology and related expenses from 'Professional Fees' to a newly renamed 'Technology and Information Services' category. This change was applied to prior periods for comparability and did not affect previously reported Operating Income or EPS[10](index=10&type=chunk)[11](index=11&type=chunk) [U.S. GAAP Financial Results](index=6&type=section&id=U.S.%20GAAP%20Financial%20Results) GAAP Q2 2025 net revenues rose 21% to **$833.8 million**, with operating income up 39% to **$150.4 million**, driven by advisory fees and improved margins [Net Revenues](index=6&type=section&id=U.S.%20GAAP%20Net%20Revenues) GAAP Net Revenues for Q2 2025 increased 21% to **$833.8 million**, primarily driven by a 23% rise in Advisory Fees U.S. GAAP Net Revenues by Source (in thousands) | Revenue Source | Q2 2025 ($ thousands) | Q2 2024 ($ thousands) | % Change | | :--- | :--- | :--- | :--- | | Advisory Fees | $697,744 | $568,231 | 23% | | Underwriting Fees | $32,206 | $30,999 | 4% | | Commissions and Related Revenue | $58,272 | $53,199 | 10% | | Asset Management and Administration Fees | $20,684 | $19,200 | 8% | | **Total Net Revenues** | **$833,830** | **$689,224** | **21%** | - The number of advisory and underwriting client fees of at least **$1 million** increased by **17% YoY** to **111** in Q2 2025[14](index=14&type=chunk) - Assets Under Management (AUM) in the Wealth Management business grew **10% YoY** to **$14.48 billion**, primarily due to market appreciation[14](index=14&type=chunk)[18](index=18&type=chunk) [Expenses](index=7&type=section&id=U.S.%20GAAP%20Expenses) Total GAAP expenses were **$683.4 million**, with employee compensation up 20% to **$548.6 million**, and an improved compensation ratio of **65.8%** U.S. GAAP Expenses (in thousands) | Expense Category | Q2 2025 ($ thousands) | Q2 2024 ($ thousands) | % Change | | :--- | :--- | :--- | :--- | | Employee Compensation and Benefits | $548,611 | $458,935 | 20% | | Non-Compensation Costs | $134,830 | $122,046 | 10% | | **Total Expenses** | **$683,441** | **$580,981** | **18%** | - The GAAP compensation ratio for Q2 2025 improved to **65.8%** from **66.6%** in Q2 2024, while the non-compensation ratio improved to **16.2%** from **17.7%**[20](index=20&type=chunk) [Effective Tax Rate](index=8&type=section&id=U.S.%20GAAP%20Effective%20Tax%20Rate) The GAAP effective tax rate for Q2 2025 was **29.3%**, while the year-to-date rate was **1.0%** due to share-based award deductions - The Q2 2025 effective tax rate was **29.3%**, compared to **25.8%** in Q2 2024[23](index=23&type=chunk) - The year-to-date effective tax rate was **1.0%**, down from **11.0%** in the prior year, mainly due to deductions from vested employee share-based awards[23](index=23&type=chunk) [Adjusted Financial Results](index=9&type=section&id=Adjusted%20Financial%20Results) Adjusted Q2 2025 net revenues increased 21% to **$838.9 million**, with operating income up 37% to **$157.1 million** and an **18.7%** operating margin [Adjusted Net Revenues](index=9&type=section&id=Adjusted%20Net%20Revenues) Adjusted Net Revenues for Q2 2025 rose 21% to **$838.9 million**, primarily driven by a **23%** increase in Adjusted Advisory Fees Adjusted Net Revenues by Source (in thousands) | Revenue Source | Q2 2025 ($ thousands) | Q2 2024 ($ thousands) | % Change | | :--- | :--- | :--- | :--- | | Advisory Fees | $697,755 | $568,378 | 23% | | Underwriting Fees | $32,206 | $30,999 | 4% | | Commissions and Related Revenue | $58,272 | $53,199 | 10% | | Asset Management and Administration Fees | $21,488 | $20,910 | 3% | | **Total Net Revenues** | **$838,855** | **$695,270** | **21%** | [Adjusted Expenses](index=10&type=section&id=Adjusted%20Expenses) Adjusted Employee Compensation and Benefits increased 20% to **$548.6 million**, with the adjusted compensation ratio improving to **65.4%** Adjusted Expenses (in thousands) | Expense Category | Q2 2025 ($ thousands) | Q2 2024 ($ thousands) | % Change | | :--- | :--- | :--- | :--- | | Employee Compensation and Benefits | $548,611 | $458,935 | 20% | | Non-Compensation Costs | $133,193 | $122,046 | 9% | | **Total Expenses** | **$681,804** | **$580,981** | **17%** | - The adjusted compensation ratio for Q2 2025 improved to **65.4%** from **66.0%** in Q2 2024[34](index=34&type=chunk) [Adjusted Effective Tax Rate](index=11&type=section&id=Adjusted%20Effective%20Tax%20Rate) The adjusted effective tax rate for Q2 2025 was **30.0%**, while the year-to-date rate was **0.5%** due to share-based award benefits - The Q2 2025 adjusted effective tax rate was **30.0%**, compared to **26.9%** in Q2 2024[36](index=36&type=chunk) - The year-to-date adjusted effective tax rate was **0.5%**, down from **11.0%** in the prior year[36](index=36&type=chunk) [Balance Sheet and Operational Metrics](index=11&type=section&id=Balance%20Sheet%20and%20Operational%20Metrics) Evercore maintains strong liquidity with **$617.3 million** cash and **$1.6 billion** net current assets, alongside increased headcount and deferred compensation [Liquidity](index=11&type=section&id=Liquidity) As of June 30, 2025, the company held **$617.3 million** in cash and **$1.1 billion** in investment securities, with **$1.6 billion** net current assets - As of June 30, 2025, cash and cash equivalents were **$617.3 million** and investment securities were **$1.1 billion**[37](index=37&type=chunk) [Headcount](index=11&type=section&id=Headcount) Total headcount increased to approximately **2,455** as of June 30, 2025, with Investment Banking Senior Managing Directors growing to **159** - Total employees increased to approximately **2,455** as of June 30, 2025, from **2,330** a year earlier[38](index=38&type=chunk) - The number of Investment Banking Senior Managing Directors increased to **159** as of June 30, 2025, from **143** as of June 30, 2024[38](index=38&type=chunk) [Deferred Compensation](index=11&type=section&id=Deferred%20Compensation) Year-to-date, **1.7 million** RSUs valued at **$435.2 million** and **$83.0 million** in deferred cash awards were granted, with **$899.3 million** in unvested RSUs - Year-to-date, the company granted **1.7 million** RSUs with a grant date fair value of **$435.2 million** and **$83.0 million** of deferred cash awards[39](index=39&type=chunk) - As of June 30, 2025, the company had **4.7 million** unvested RSUs with an aggregate grant date fair value of **$899.3 million**[41](index=41&type=chunk) - The company expects to pay an aggregate of **$340.9 million** related to its deferred cash compensation program through 2029[42](index=42&type=chunk) [Capital Return](index=12&type=section&id=Capital%20Return) Evercore declared a **$0.84** quarterly dividend and repurchased **1.7 million** shares year-to-date at an average price of **$258.50** - The Board of Directors declared a quarterly dividend of **$0.84 per share**, payable on September 12, 2025[44](index=44&type=chunk) - Year-to-date, the Company repurchased an aggregate of **1.7 million shares** at an average price of **$258.50 per share**. This includes **0.8 million shares** under the share repurchase program and **0.9 million shares** for net settlement of stock-based awards[45](index=45&type=chunk) [Financial Statements and Reconciliations (Appendix)](index=14&type=section&id=Financial%20Statements%20and%20Reconciliations%20%28Appendix%29) This appendix provides detailed unaudited financial statements, including GAAP and Adjusted reconciliations, segment results, and explanatory notes for non-GAAP adjustments [Condensed Consolidated Statements of Operations (U.S. GAAP)](index=15&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20%28U.S.%20GAAP%29) Presents the detailed unaudited U.S. GAAP income statement for the three and six months ended June 30, 2025 and 2024 [U.S. GAAP to Adjusted Results Reconciliation](index=16&type=section&id=U.S.%20GAAP%20to%20Adjusted%20Results%20Reconciliation) Details the reconciliation of key financial metrics from U.S. GAAP to Adjusted results, including Net Revenues, Operating Income, Net Income, and Diluted EPS [Segment Results and Reconciliations](index=19&type=section&id=Segment%20Results%20and%20Reconciliations) Presents a breakdown of financial results for Investment Banking & Equities and Investment Management segments on both GAAP and Adjusted bases [Non-Compensation Costs Reconciliation](index=22&type=section&id=Non-Compensation%20Costs%20Reconciliation) Details the components of U.S. GAAP non-compensation costs and adjustments to derive Adjusted non-compensation cost figures [Notes to Financial Data](index=23&type=section&id=Notes%20to%20Financial%20Data) Provides explanatory notes for adjustments used in reconciling U.S. GAAP to Adjusted financial data, covering various financial items

Core Insights - Evercore Inc. (EVR) is expected to report second-quarter 2025 results on July 30, 2025, with a consensus estimate for sales at $713 million, reflecting a 2.5% year-over-year increase [1] - The earnings consensus estimate remains unchanged at $1.78 per share, indicating a 1.7% decline from the prior-year quarter [2] - Evercore has a strong earnings surprise history, having outperformed the Zacks Consensus Estimate in the last four quarters with an average beat of 37.35% [2] Investment Banking & Equities - Global mergers and acquisitions activity in Q2 2025 was stronger than anticipated, although advisory fees are expected to decline by 1.9% year-over-year to $557.3 million [3][4] - The IPO market saw a significant rebound, leading to an expected 10% increase in underwriting fees to $34.1 million compared to the prior-year quarter [5][6] - High trading volumes due to market volatility are likely to have improved commission and related fees, with a consensus estimate of $56.92 million, suggesting a 6.9% increase year-over-year [6] Asset Management - Favorable market conditions and sustained client inflows are expected to result in a 20.9% year-over-year increase in asset management and administration fees, with a consensus estimate of $22.25 billion [7] Expenses - Company expenses are anticipated to rise in Q2 2025 due to increased employee compensation and benefits costs [7] Earnings Outlook - The model indicates a high probability of Evercore beating estimates, supported by a positive Earnings ESP of +4.79% and a Zacks Rank of 1 (Strong Buy) [8][9] - Key factors contributing to potential earnings growth include increased AUM, a rebound in IPOs, and strong trading volumes, although higher compensation expenses may pressure profitability [8]

Core Viewpoint - Evercore Inc (EVR) is showing potential for a bullish breakout as it has reached a significant support level and experienced a "golden cross" in its moving averages [1][2]. Technical Analysis - A "golden cross" occurs when a stock's short-term moving average (50-day) crosses above its long-term moving average (200-day), indicating a bullish trend [2]. - The formation of a golden cross involves three stages: a downtrend that bottoms out, the crossover of moving averages, and a subsequent upward price movement [3]. Recent Performance - EVR has increased by 21.1% over the past four weeks, suggesting strong momentum [4]. - The company currently holds a 1 (Strong Buy) rating on the Zacks Rank, indicating positive market sentiment [4]. Earnings Outlook - There have been no cuts to earnings estimates for the current quarter, with two revisions upward in the last 60 days, contributing to a positive earnings outlook [4]. - The Zacks Consensus Estimate for earnings has also increased, further supporting the bullish case for EVR [5].

Core Viewpoint - Evercore (EVR) is positioned well to continue its trend of beating earnings estimates in upcoming quarterly reports, supported by a strong history of performance in the investment banking sector [1]. Group 1: Earnings Performance - Evercore has consistently surpassed earnings estimates, achieving an average beat of 67.86% over the last two quarters [2]. - In the most recent quarter, Evercore was expected to report earnings of $3.49 per share but instead reported $1.6 per share, resulting in a surprise of 118.13% [2]. - For the previous quarter, the consensus estimate was $2.9 per share, while the actual earnings were $3.41 per share, leading to a surprise of 17.59% [2]. Group 2: Earnings Estimates and Predictions - There has been a favorable adjustment in earnings estimates for Evercore, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating potential for another earnings beat [5]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6]. - Evercore currently has an Earnings ESP of +13.81%, suggesting increased analyst optimism regarding its near-term earnings potential [7]. Group 3: Importance of Earnings ESP - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7]. - A positive Earnings ESP combined with a Zacks Rank 1 (Strong Buy) indicates a high likelihood of another earnings beat for Evercore [7]. - It is crucial for investors to check a company's Earnings ESP prior to quarterly releases to enhance the probability of successful investment decisions [9].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Evercore (EVR) - Evercore currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [2][3] - The stock has shown significant price performance, with a 1.4% increase over the past week, compared to a 0.82% decline in the Zacks Financial - Investment Bank industry [5] - Over the past quarter, Evercore shares have risen 66.78%, and 23.79% over the last year, outperforming the S&P 500's gains of 16.27% and 12.91%, respectively [6] Trading Volume - Evercore's average 20-day trading volume is 583,648 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for Evercore have increased, raising the consensus estimate from $10.79 to $11.71 [9] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions noted [9] Conclusion - Given the strong performance metrics and positive earnings outlook, Evercore is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a compelling investment option [11]

Core Viewpoint - Evercore (EVR) presents a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2] Earnings Estimate Revisions - Analysts have shown growing optimism regarding Evercore's earnings prospects, reflected in the upward trend of estimate revisions, which typically correlates with stock price movements [2] - The consensus earnings estimate for the current quarter is $1.49 per share, a decrease of 17.68% from the previous year, but has increased by 6.07% over the last 30 days due to one upward revision [6] - For the full year, the expected earnings are $11.41 per share, representing a 21.13% increase from the prior year, with a 5.8% increase in consensus estimates over the past month [7][8] Zacks Rank and Performance - Evercore has achieved a Zacks Rank 1 (Strong Buy), indicating strong potential for outperformance based on earnings estimate revisions [9] - Historically, Zacks 1 Ranked stocks have generated an average annual return of +25% since 2008, suggesting a favorable investment environment for Evercore [3] Stock Performance - The stock has appreciated by 13.1% over the past four weeks, indicating positive market sentiment and potential for further upside [10]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: Evercore (EVR) - Evercore currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3]. - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [4]. Performance Metrics - Over the past week, Evercore's shares increased by 1.84%, outperforming the Zacks Financial - Investment Bank industry, which rose by 1.49% [6]. - In a longer timeframe, Evercore's shares have risen by 32.28% over the past three months and 36.33% over the past year, while the S&P 500 only increased by 6.01% and 13.18%, respectively [7]. - The average 20-day trading volume for Evercore is 493,485 shares, indicating a bullish sign with rising stock prices [8]. Earnings Outlook - In the last two months, two earnings estimates for Evercore have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $9.67 to $11.41 [10]. - For the next fiscal year, two estimates have also moved upwards, with no downward revisions during the same period [10]. Conclusion - Given the strong performance metrics and positive earnings outlook, Evercore is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling investment option [11][12].