Evercore Q4 adjusted EPS, revenue beat estimates on advisory business growth

Evercore

04/02/2026 11:54

Overview

Investment bank's Q4 revenue rose 32%, beating analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company advised on major transactions, contributing to strong performance

Outlook

Evercore continues to see strong momentum in advisory services early in 2026

Result Drivers

ADVISORY FEES - Fourth quarter advisory fees increased by 33% year-over-year, driven by large transactions

UNDERWRITING FEES - Underwriting fees rose 87% in Q4, reflecting increased transaction participation

RECORD REVENUES - Record revenues in North American Advisory, EMEA Advisory, Private Capital Advisory, and Private Funds Group

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$1.29 bln
$1.13 bln (7 Analysts)
Q4 Adjusted EPS
Beat
$5.13
$4.04 (10 Analysts)
Q4 EPS
$4.76
Q4 Adjusted Operating Margin
26.00%
Q4 Dividend
$0.84
Q4 EBIT
$312.20 mln
Q4 Operating Margin
24.20%


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 $391.00, about 15.4% above its February 3 closing price of $338.73

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

Press Release: ID:nBw3Nrn4Za

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(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.)