Investment banking firm Evercore beats Q3 profit beats estimates

Evercore

29/10/2025 10:53

Overview

Evercore Q3 2025 revenue grows 41% yr/yr, beating analyst expectations

Adjusted EPS for Q3 2025 beats analyst estimates

Company closed acquisition of Robey Warshaw on October 1, 2025

Outlook

Evercore notes strong momentum across advisory businesses

Company highlights recent acquisition of Robey Warshaw

Evercore expects quarterly results to fluctuate due to transaction timing

Result Drivers

ADVISORY FEES - Significant increase in advisory fees due to large transactions drove revenue growth

EUROPEAN ADVISORY - Record performance in European Advisory business contributed to strong results

EQUITIES PERFORMANCE - Evercore ISI achieved No.1 ranking in research survey, indicating strong equities performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.03 bln
$849.60 mln (5 Analysts)
Q3 Adjusted EPS
Beat
$3.48
$2.73 (6 Analysts)
Q3 EPS
$3.41
Q3 Adjusted Operating Margin
21.80%
Q3 Dividend
$0.84
Q3 EBIT
$216.20 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", 3 "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 $358.00, about 10.1% above its October 28 closing price of $321.75

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release: ID:nBwb18ssJa

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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.)