Evercore Partners Fourth Quarter Earnings Sneak Peek

Evercore Partners Inc. (NYSE:EVR) will unveil its latest earnings tomorrow, Wednesday, January 30, 2013. 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 analyst estimate is for net income of 52 cents per share, a rise of 62.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 46 cents. Between one and three months ago, the average estimate moved up. It has risen from 49 cents during the last month. For the year, analysts are projecting profit of $1.50 per share, a rise of 27.1% from last year.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported net income of 40 cents per share against a mean estimate of profit of 34 cents, and the quarter before, the company exceeded forecasts by one cent with net income of 49 cents versus a mean estimate of profit of 48 cents.

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A Look Back: In the third quarter, profit rose more than threefold to $5.3 million (17 cents a share) from $1.8 million (6 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 6.7% to $157.5 million from $168.7 million.

Here’s how Evercore Partners traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:


Wall St. Revenue Expectations: On average, analysts predict $153.4 million in revenue this quarter, a rise of 36% from the year-ago quarter. Analysts are forecasting total revenue of $574.2 million for the year, a rise of 9.5% from last year’s revenue of $524.3 million.

Analyst Ratings: With four 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. Over the last three months, the stock’s average rating has increased from hold to moderate buy.

Key Stats:

On the top line, the company is looking to rebound after a revenue drop last quarter. Revenue rose 19.2% in the the second quarter after dropping in the third quarter.

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