Evercore Q3 revenue beats estimates on advisory fees

Evercore

28/10/2026 10:53

Overview
U.S. investment banking advisory firm's Q3 revenue rose 12% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company attributed results to increased advisory and underwriting fees from large transactions

Outlook
Company did not provide specific financial guidance for the current or future periods in the press release

Result Drivers
LARGE TRANSACTIONS - Co said higher advisory fees were driven by increased revenue from large transactions and more advisory fees earned
UNDERWRITING FEES - Co attributed higher underwriting fees to larger average fee size in transactions
TRADING VOLUME - Co said lower trading commissions were due to decreased trading volume

Company press release: ID:nBw5z5sXNa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.17 bln
$950.37 mln (7 Analysts)
Q3 Adjusted EPS
Beat
$4.28
$2.80 (9 Analysts)
Q3 EPS
 
$3.93
 
Q3 Adjusted Operating Margin
 
22.90%
 
Q3 Dividend
 
$0.89
 
Q3 EBIT
 
$242.60 mln
 
Q3 Operating Margin
 
20.80%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment banking & brokerage services peer group is "buy"
Wall Street's median 12-month price target for Evercore Inc. is $349.00, about 34.3% above its October 27 closing price of $259.86
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads
Oct 27 - Invesco's Q3 operating revenue up 14%, adjusted EPS rises 18%
Oct 27 - AllianceBernstein Q3 adjusted EPS beats estimates
Oct 27 - Visa results beat estimates as resilient customers keep up spending

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)