Evercore Partners Inc. Second Quarter Earnings Sneak Peek

Evercore Partners Inc. (NYSE:EVR) will unveil its latest earnings on Thursday, July 26, 2012. Evercore Partners is an independent investment banking advisory firm that provides advisory services to prominent multinational corporations on significant mergers, acquisitions, divestitures, restructurings, financings, and other strategic corporate transactions.

Evercore Partners Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 48 cents per share, a rise of 11.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 45 cents. Between one and three months ago, the average estimate moved up. It has dropped from 49 cents during the last month. For the year, analysts are projecting profit of $1.41 per share, a rise of 19.5% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported net income of 10 cents per share versus a mean estimate of profit of 33 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 4 cents.

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A Look Back: In the first quarter, the company swung to a loss of $3.4 million (12 cents a share) from a profit of $3.6 million (14 cents) a year earlier, missing analyst expectations. Revenue fell 6% to $106.6 million from $113.3 million.

Wall St. Revenue Expectations: Analysts predict a rise of 15.8% in revenue from the year-earlier quarter to $163.2 million.

Stock Price Performance: Between April 25, 2012 and July 20, 2012, the stock price fell $3.28 (-13.1%), from $25.05 to $21.77. The stock price saw one of its best stretches over the last year between June 26, 2012 and July 3, 2012, when shares rose for six straight days, increasing 10.6% (+$2.35) over that span. It saw one of its worst periods between March 28, 2012 and April 10, 2012 when shares fell for nine straight days, dropping 17.4% (-$5.22) over that span.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose more than twofold in the second quarter of the last fiscal year, 30.3% in the third quarter of the last fiscal year and 6.1%in the fourth quarter of the last fiscal year before dropping in the first quarter.

Analyst Ratings: With three analysts rating the stock a buy, none rating it a sell and one rating the stock a hold, there are indications of a bullish stance by analysts.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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