Evercore (NYSE:EVR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$734.2m (up 29% from 3Q 2023).

• Net income: US$78.4m (up 50% from 3Q 2023).

• Profit margin: 11% (up from 9.1% in 3Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$2.05 (up from US$1.38 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Evercore Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are down 6.8% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Evercore that we have uncovered.

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