Evercore Inc (EVR) Hits Fresh High: Is There Still Room to Run?

Company Performance - Evercore (EVR) shares have increased by 7.3% over the past month, reaching a new 52-week high of $325.12, and have gained 17.1% since the start of the year, outperforming the Zacks Finance sector's 12.4% and the Zacks Financial - Investment Bank industry's 24.6% [1] - The company has consistently beaten earnings estimates, reporting EPS of $2.42 against a consensus estimate of $1.78 in its last earnings report, with a revenue beat of 17.65% [2] - For the current fiscal year, Evercore is projected to post earnings of $12.4 per share on revenues of $3.48 billion, reflecting a 31.74% increase in EPS and a 15.87% increase in revenues [3] Valuation Metrics - Evercore has a Value Score of D, a Growth Score of A, and a Momentum Score of D, resulting in a VGM Score of B [6] - The stock trades at 26.2X current fiscal year EPS estimates, which is above the peer industry average of 16.9X, and at 29.8X trailing cash flow compared to the peer group's average of 13.6X [6] Zacks Rank - Evercore holds a Zacks Rank of 2 (Buy), supported by a solid earnings estimate revision trend, making it a suitable choice for investors [7] - The recommendation is to select stocks with Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, indicating potential for Evercore shares in the near future [7] Industry Comparison - The Financial - Investment Bank industry is performing well, ranking in the top 5% of all industries, providing favorable conditions for both Evercore and its peer, Moelis & Company [10] - Moelis & Company has a Zacks Rank of 1 (Strong Buy) and has also shown strong earnings performance, beating consensus estimates by 65.62% [9]