Core Insights - Evercore (EVR) reported quarterly earnings of $3.48 per share, exceeding the Zacks Consensus Estimate of $3.01 per share, and showing a significant increase from $2.04 per share a year ago, representing an earnings surprise of +15.61% [1] - The company achieved revenues of $1.05 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 16.43%, compared to $739.53 million in the same quarter last year [2] - Evercore has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] Financial Performance - The earnings surprise of +15.61% for the recent quarter follows a previous quarter where the company also exceeded expectations with a surprise of +35.96% [1] - The current consensus EPS estimate for the upcoming quarter is $3.95, with expected revenues of $1.11 billion, and for the current fiscal year, the estimate is $12.86 on revenues of $3.54 billion [7] Market Position - Evercore shares have increased by approximately 16.1% since the beginning of the year, while the S&P 500 has gained 17.2%, indicating a slight underperformance relative to the broader market [3] - The Zacks Industry Rank places the Financial - Investment Bank sector in the top 9% of over 250 Zacks industries, suggesting a favorable outlook for the industry [8] Future Outlook - The sustainability of Evercore's stock price movement will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The estimate revisions trend for Evercore was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6]

Financial Performance - Evercore reported record third quarter net revenues of $1.0 billion, a 41% increase year-over-year on a U.S. GAAP basis[2]. - Year-to-date net revenues reached $2.6 billion, reflecting a 28% increase compared to the same period in 2024[2]. - Third quarter operating income was $216.2 million, up 77% year-over-year, with an operating margin of 20.8%, an increase of 420 basis points[2]. - Net income attributable to Evercore Inc. for the third quarter was $144.6 million, a 84% increase from $78.4 million in Q3 2024[2]. - Adjusted Net Revenues for Q3 2025 reached $1,047.1 million, a 42% increase from $739.5 million in Q3 2024[28]. - For the three months ended September 30, 2025, total revenues increased to $1.046 billion, up 42% from $738.4 million in the same period of 2024[57]. - Net income for the three months ended September 30, 2025, was $157.5 million, representing a 79% increase compared to $88.1 million in the prior year[57]. - Total net revenues for the nine months ended September 30, 2025, were $2,567,543, a 28.1% increase from $2,004,261 in the same period of 2024[73]. - Operating income for the nine months ended September 30, 2025, was $477,779, a 52.2% increase from $314,356 in the same period of 2024[73]. Advisory Fees - Advisory fees for the third quarter increased by $290.7 million, or 49%, year-over-year, driven by large transactions[16]. - Advisory Fees for Q3 2025 increased by $290.5 million, or 49%, year-over-year, reflecting revenue growth from large transactions[30]. - Advisory fees in Q3 2025 reached $883.7 million, reflecting a 0.0% change compared to Q3 2024[67]. - Advisory fees significantly rose to $883,712 in Q3 2025, up 49.0% from $592,980 in Q3 2024[73]. Shareholder Returns - The company returned $623.8 million to shareholders in the first nine months of 2025 through dividends and share repurchases[2]. - A quarterly dividend of $0.84 per share was declared[2]. - The company declared a quarterly dividend of $0.84 per share, payable on December 12, 2025, to stockholders of record on November 28, 2025[48]. Employee Compensation - Employee Compensation and Benefits for Q3 2025 rose by $192.6 million, or 39%, year-over-year, with a compensation ratio of 65.5% compared to 66.5% in the prior year[22]. - Employee compensation and benefits expenses for the three months ended September 30, 2025, were $680.7 million, up from $488.0 million in the same period of 2024[57]. - The company recognized compensation expenses related to RSUs and deferred cash compensation of $131.1 million for the three months ended September 30, 2025, compared to $115.9 million in the prior year[43]. - The company expects to pay $353.8 million related to its deferred cash compensation program through 2029, subject to vesting events[45]. - Employee compensation and benefits for Q3 2025 totaled $664,616, a 39.5% increase from $475,990 in Q3 2024[73]. Costs and Expenses - Non-Compensation Costs for Q3 2025 increased by $25.1 million, or 21%, year-over-year, driven by higher technology and information services expenses[23]. - Adjusted Non-Compensation Costs for Q3 2025 increased by $21.6 million, or 18%, year-over-year, with a Non-Compensation ratio of 13.2%[37]. - Total expenses for Q3 2025 were $802,441, representing a 34.6% increase compared to $596,388 in Q3 2024[73]. - Non-compensation costs for Q3 2025 were $142,026, up 21.5% from $116,914 in Q3 2024[75]. Assets and Liabilities - As of September 30, 2025, the company reported cash and cash equivalents of $851.9 million and investment securities totaling $1.6 billion, with current assets exceeding current liabilities by $2.0 billion[40]. Acquisitions - Evercore completed the acquisition of Robey Warshaw on October 1, 2025, enhancing its advisory capabilities[2]. Rankings and Recognition - Evercore ISI achieved the No.1 ranking in Extel's All-America Research Survey for the fourth consecutive year[2].

Core Insights - Evercore Inc. reported significant growth in net revenues and operating income for the year-to-date 2025 compared to the same period in 2024, indicating a strong performance in the investment banking sector [1]. Financial Performance - Year-to-date net revenues for 2025 reached $1,038.9 million, up from $734.2 million in 2024, reflecting an increase of approximately 41.5% [1]. - Adjusted net revenues for 2025 were $1,047.1 million, compared to $739.5 million in 2024, marking a growth of about 41.6% [1]. - Operating income for year-to-date 2025 was reported at $216.2 million, a significant rise from $122.0 million in 2024, representing an increase of approximately 77.3% [1]. - Adjusted operating income for 2025 was $227.9 million, compared to $134.6 million in 2024, indicating a growth of around 69.3% [1]. - Year-to-date net income attributable to Evercore Inc. for 2025 was $477.8 million, up from $314.4 million in 2024, which is an increase of about 52.2% [1]. - Adjusted net income for 2025 was $501.2 million, compared to $339.5 million in 2024, reflecting a growth of approximately 47.6% [1].

Core Insights - Investors in the Financial - Investment Bank sector may consider UP Fintech Holding Limited (TIGR) or Evercore (EVR) as potential undervalued stocks [1] Group 1: Zacks Rank and Valuation Metrics - UP Fintech Holding Limited has a Zacks Rank of 2 (Buy), indicating a more favorable earnings estimate revision trend compared to Evercore, which has a Zacks Rank of 3 (Hold) [3] - Value investors focus on various valuation metrics, including P/E ratio, P/S ratio, earnings yield, and cash flow per share, to assess undervaluation [4] Group 2: Specific Valuation Comparisons - TIGR has a forward P/E ratio of 12.69, significantly lower than Evercore's forward P/E of 24.96, suggesting that TIGR may be undervalued [5] - The PEG ratio for TIGR is 0.66, while Evercore's PEG ratio is 0.68, indicating that both companies are similarly valued in terms of expected earnings growth [5] - TIGR's P/B ratio is 2.49, compared to Evercore's P/B of 6.39, further supporting the notion that TIGR is undervalued [6] Group 3: Overall Assessment - Based on the improving earnings outlook and favorable valuation metrics, TIGR is considered the superior value option compared to Evercore [7]

Group 1 - The Value Lab focuses on long-only value investment ideas, targeting a portfolio yield of approximately 4% and has performed well over the last five years by engaging in international markets [1][2] - Evercore (NYSE: EVR) is an advisory firm with significant exposure to large-ticket deals and sponsors, indicating a strong position in the investment landscape [2] - The Valkyrie Trading Society consists of analysts sharing high-conviction, obscure developed market ideas that are expected to yield non-correlated and outsized returns in the current economic environment [3]

Group 1 - The Value Lab focuses on long-only value investment ideas, targeting a portfolio yield of approximately 4% and has performed well over the last five years by engaging in international markets [1][2] - Evercore (NYSE: EVR) is an advisory firm with significant exposure to large-ticket deals and sponsors, indicating a strong position in the advisory market [2] - The Valkyrie Trading Society consists of analysts sharing high-conviction investment ideas that are expected to yield non-correlated and outsized returns in the current economic environment [3]

Core Viewpoint - A stand-off between China and the Netherlands regarding chipmaker Nexperia could lead to significant disruptions in automotive production in the near future, as indicated by Germany's VDA industry association [1] Group 1 - The conflict over Nexperia is expected to have a direct impact on the automotive industry [1] - Germany's VDA industry association has raised concerns about the potential consequences of this stand-off [1]

Core Viewpoint - Standard Lithium Ltd. announced a $120 million underwritten public offering of common stock, leading to a 13.73% decline in share price during after-hours trading [1]. Offering Details and Underwriters - The public offering will be managed by Morgan Stanley and Evercore ISI as co-lead book-running managers, with BMO Capital Markets as the book-running manager for the underwriter syndicate [2]. - Underwriters will have a 30-day option to purchase an additional 15% of the offered shares at the same price [2]. Capital Allocation Strategy - The net proceeds from the offering will be allocated to capital expenditures for the South West Arkansas Project and Franklin Project in East Texas, as well as for working capital and general corporate purposes [3]. Project Development Context - The funding aligns with a Definitive Feasibility Study for the South West Arkansas Project, targeting 22,500 tonnes per year of battery-grade lithium carbonate production, with construction expected to start in 2026 [4]. Stock Performance - Year-to-date, Standard Lithium has gained 269.18% and 308.33% over the past six months, with a market capitalization of 1.48 billion CAD and an average daily trading volume of about 4.21 million shares [5]. - The stock has fluctuated between $1.08 and $6.40 over the past year, closing at $5.39, up 5.27% on Thursday [5].

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Evercore (EVR) due to higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Evercore is expected to report quarterly earnings of $2.87 per share, reflecting a year-over-year increase of +40.7% [3]. - Revenues are projected to be $899.29 million, which is a 21.6% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 1.2% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Evercore is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +12.21%, suggesting a bullish outlook from analysts [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. - Evercore currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Evercore exceeded the expected earnings of $1.78 per share by delivering $2.42, resulting in a surprise of +35.96% [13]. - Over the past four quarters, Evercore has consistently beaten consensus EPS estimates [14]. Conclusion - Evercore is positioned as a compelling candidate for an earnings beat, but investors should consider additional factors before making investment decisions [17].

Market Overview - U.S. stocks experienced significant gains in Q3 2025, with the Nasdaq Composite, S&P 500, and Dow Jones Industrial Average rising by 11.2%, 7.8%, and 5.2% respectively [1] - The growth was fueled by expectations of further Federal Reserve rate cuts, strong Q2 earnings, and optimism surrounding artificial intelligence (AI) [2] Recommended Growth Stocks - Five growth stocks are recommended for Q4 2025: Micron Technology Inc. (MU), Workday Inc. (WDAY), Exact Sciences Corp. (EXAS), Evercore Inc. (EVR), and Coeur Mining Inc. (CDE) [2] - These stocks exhibit strong revenue and earnings growth potential, with positive earnings estimate revisions in the past 30 days [3] Micron Technology Inc. (MU) - Micron is a leader in the AI infrastructure boom, driven by high demand for its high-bandwidth memory (HBM) solutions and record sales in the data center market [6][9] - The company is capitalizing on the growing adoption of AI servers, which require more memory than traditional servers, boosting demand for DRAM [7] - Micron's expected revenue and earnings growth rates are 42.4% and over 100% respectively for the current year, with a 27% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [10] Workday Inc. (WDAY) - Workday's diversified product portfolio and cloud-based business model are key growth drivers, with strong customer traction in international markets [11] - Significant investment from Elliott Investment Management is expected to enhance innovation, particularly in AI and machine learning [12] - Workday's expected revenue and earnings growth rates are 12.6% and 21.1% respectively for the current year, with a 0.3% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [13] Exact Sciences Corp. (EXAS) - Exact Sciences benefits from strong adoption of its Cologuard product, with the recent introduction of Cologuard Plus gaining Medicare coverage [14] - The launch of Oncodetect has advanced MRD testing, with secured Medicare reimbursement opening access for cancer patients [15] - Exact Sciences has an expected revenue and earnings growth rate of 14.4% and over 100% respectively for the current year, with a 9.1% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [16] Evercore Inc. (EVR) - Evercore is expanding its advisory client base and diversifying revenue sources, which is expected to support top-line growth [17] - The company has a strong liquidity position, allowing for capital distribution through dividend hikes and share repurchase programs [17] - Evercore's expected revenue and earnings growth rates are 17.4% and 34.4% respectively for the current year, with a 2.1% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [18] Coeur Mining Inc. (CDE) - Coeur Mining operates as a primary silver and gold producer with mines in the Americas, including properties in Mexico, Bolivia, Nevada, and Alaska [19] - The company has an expected revenue and earnings growth rate of 88.3% and over 100% respectively for the current year, with a 3.8% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [20]