Evercore: Q3 Earnings Insights

Shares of Evercore EVR were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 11.90% over the past year to $1.11, which beat the estimate of $0.38.

Revenue of $408,489,000 declined by 0.01% from the same period last year, which beat the estimate of $320,490,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Evercore hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 21, 2020

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/86pjztmb

Recent Stock Performance

52-week high: $84.11

Company's 52-week low was at $33.25

Price action over last quarter: Up 34.97%

Company Overview

Evercore is an independent investment bank that derives the majority of its revenue from financial advisory, including merger, acquisition, and restructuring advisory. It also has institutional equities and investment management businesses that account for 15% to 20% of net revenue. The company was founded in 1996 and went public in 2006. Evercore has around 1,900 employees, and approximately 75% of the company's revenue is derived from the United States.