Investment bank Evercore beats Q2 revenue estimates, announces acquisition of Robey Warshaw

Evercore

30/07/2025 11:53

Overview

Evercore Q2 2025 revenue grows 21% yr/yr, beating analyst expectations

Adjusted EPS for Q2 2025 beats consensus, driven by large transactions

Co announces acquisition of Robey Warshaw, expanding UK advisory capabilities

Outlook

Evercore continues to experience strong momentum in advisory business

Company sees ongoing momentum with significant advisory roles in July

Evercore does not provide specific financial guidance for future periods

Result Drivers

ADVISORY REVENUE - Record advisory revenue driven by large transactions, including major mergers and acquisitions

COMPENSATION COSTS - Increased employee compensation due to higher incentive compensation and base salaries

TECHNOLOGY EXPENSES - Higher technology and information services costs due to increased research services and license fees

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$833.80 mln
$698.60 mln (5 Analysts)
Q2 Adjusted EPS
Beat
$2.42
$1.78 (6 Analysts)
Q2 EPS
$2.36
Q2 Adjusted Operating Margin
18.7%
Q2 Dividend
$0.84
Q2 EBIT
$150.40 mln
Q2 Operating Margin
18.0%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "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 $324.50, about 6.8% above its July 29 closing price of $302.55

Press Release: ID:nBwbzrRNxa

(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.)