Evercore Q1 revenue doubles, beats estimates, raises dividend

Evercore

29/04/2026 11:54

Overview

U.S. investment bank's Q1 revenue more than doubled, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company raised quarterly dividend 6% and repurchased 1.9 mln shares

Outlook

Company did not provide specific financial guidance or outlook for the current or future periods

Result Drivers

ADVISORY FEES - Significant increase in advisory fees from large transactions and a higher number of client engagements drove revenue growth

TRADING COMMISSIONS - Higher trading commissions from increased trading volume contributed to revenue growth

ASSET MANAGEMENT FEES - Asset management and administration fees rose due to higher assets under management and net inflows

Company press release: ID:nBwbCcFFta

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.39 bln
$1.12 bln (7 Analysts)
Q1 Adjusted EPS
Beat
$7.53
$5.08 (10 Analysts)
Q1 EPS
$7.20
Q1 Adjusted Operating Margin
25.30%
Q1 Dividend
$0.89
Q1 Operating Margin
23.80%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "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 $375.00, about 10.1% above its April 28 closing price of $340.51

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 19 three months ago

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.)