Evercore (EVR) Earnings Expected to Grow: What to Know Ahead of Q3 Release

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].