Evercore Partners Inc. Fourth Quarter Earnings Sneak Peek

Evercore Partners, Inc. (NYSE:EVR) will unveil its latest earnings on Thursday, February 2, 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 28 cents per share, a rise of 3.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 37 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 36 cents during the last month. For the year, analysts are projecting profit of $1.45 per share, a rise of 54.3% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the third quarter, it reported net income of 46 cents per share against a mean estimate of profit of 34 cents per share. In the second quarter, it missed forecasts by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $130.4 million in revenue this quarter, a rise of 27.4% from the year ago quarter. Analysts are forecasting total revenue of $544.5 million for the year, a rise of 44.8% from last year’s revenue of $375.9 million.

Analyst Ratings: Analysts are bullish on this stock with four analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the third quarter, profit fell 50.2% to $1.8 million (6 cents a share) from $3.5 million (17 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 30.3% to $168.7 million from $129.4 million.

Key Stats:

Revenue has gone up for three straight quarters. It rose more than twofold in the second quarter from the year earlier and 21.3% in the first quarter.

Competitors to Watch: Greenhill & Co., Inc. (NYSE:GHL), Lazard Ltd (NYSE:LAZ), FBR Capital Markets Corp. (NASDAQ:FBCM), KBW, Inc. (NYSE:KBW), Piper Jaffray Companies (NYSE:PJC), Jefferies Group, Inc. (NYSE:JEF), Cowen Group, Inc. (NASDAQ:COWN), Gleacher & Company, Inc. (NASDAQ:GLCH), Credit Suisse Group AG (NYSE:CS), Bank of America (NYSE:BAC), JP Morgan (NYSE:JPM) and Citigroup (NYSE:C).

Stock Price Performance: During November 29, 2011 to January 27, 2012, the stock price had risen $3.25 (12.7%) from $25.52 to $28.77. The stock price saw one of its best stretches over the last year between August 10, 2011 and August 17, 2011 when shares rose for six-straight days, rising 11.6% (+$2.41) over that span. It saw one of its worst periods between March 8, 2011 and March 18, 2011 when shares fell for nine-straight days, falling 8.6% (-$2.79) over that span.

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

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