Earnings Estimates Moving Higher for Evercore (EVR): Time to Buy?

Core Viewpoint - Evercore (EVR) is experiencing solid improvement in earnings estimates, leading to positive short-term price momentum, which may continue as the earnings outlook improves [1][2]. Earnings Estimate Revisions - The trend of rising estimate revisions reflects growing analyst optimism regarding Evercore's earnings prospects, which is expected to positively influence its stock price [2]. - For the current quarter, Evercore is projected to earn $2.53 per share, marking a year-over-year increase of +24.0%. Over the past 30 days, one estimate has increased, resulting in an 11.97% rise in the Zacks Consensus Estimate [5]. - For the full year, the expected earnings per share is $12.41, representing a year-over-year change of +31.7%. Two estimates have moved higher in the past month, contributing to an 8.72% increase in the consensus estimate [6][7]. Zacks Rank - Evercore has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, indicating strong agreement among analysts on upward revisions [8]. - The Zacks Rank system has a proven track record, with Zacks 1 Ranked stocks averaging a +25% annual return since 2008 [3]. Stock Performance - Evercore's stock has gained 5.7% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [9].