Evercore Inc. (NYSE:EVR) is expected to report second quarter earnings results, before market open, on Wednesday 22nd July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 1.32 per share from revenue of $ 450.37 million.
Looking ahead, the full year income are expected at $ 3.24 per share on the revenues of $ 1579.83 million.
Previous Quarter Performance
Evercore Inc. unwinded income for the first quarter of $ 1.21 per share, from the revenue of $ 434.98 million. The quarterly earnings reduced 27.11 percent while revenues escalated 3.98 percent compared with the same quarter last year.
According to street consensus, EVR was expected to report 1Q20 income of $ 1.26 per share from revenue of $ 410.86 million. The bottom line results missed street analysts by $ 0.05 or 3.97 percent, at the same time, top line results outshined analysts by $ 24.12 million or 5.87 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of EVR was $ 59.34, representing a 78.47 % increase from the 52 week low of $ 33.25 and a 35.21 % decrease over the 52 week high of $ 91.59.
The company has a market capital of $ 2.41 billion and is part of the Financial Services sector and Capital Markets industry.
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Recent Analyst recommendations
On 9th July 2020, downgraded by Wolfe Research to Peer Perform from Outperform rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.58 per share on April 21, 2020. The dividend were payable on June 12, 2020 to holders of record as of the close of business on May 29, 2020 and ex-dividend date on May 28, 2020.
Conference Call
Evercore Inc. will be hosting a conference call at 8:00 AM eastern time on 22nd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.evercore.com
Evercore Inc., together with its subsidiaries, operates as an independent investment banking advisory firm in the United States, Europe, Latin America, and internationally. It operates through two segments, Investment Banking and Investment Management. The Investment Banking segment offers advisory services on mergers, acquisitions, divestitures, leveraged buyouts, restructurings, shareholder activism and defense, and related corporate finance matters; and services related to securities underwriting, private placement services, and commissions for agency-based equity trading services and equity research.
