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

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

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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