Evercore Partners, Inc. Second Quarter Earnings Sneak Peek

Evercore Partners, Inc. (NASDAQ:EVR) will unveil its latest earnings on Thursday, July 28, 2011. 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 44 cents per share, a rise of 780% 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 42 cents. For the year, analysts are projecting profit of $1.70 per share, a rise of 80.9% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of 28 cents per share versus a mean estimate of profit of 25 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $135.6 million in revenue this quarter, a rise of more than twofold from the year ago quarter. Analysts are forecasting total revenue of $531.5 million for the year, a rise of 41.4% from last year’s revenue of $375.9 million.

Analyst Ratings: Analysts seem relatively indifferent about Evercore Partners with four of six analysts surveyed maintaining a hold rating.

Key Stats:

Revenue rose in the first quarter after seeing a drop the quarter before. Revenue rose 21.3% to $113.3 million in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue fell 5.4%.

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), BlackRock (NYSE:BLK), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Citigroup (NYSE:C), Bank of America (NYSE:BAC), JP Morgan (NYSE:JPM) and Credit Suisse Group AG (NYSE:CS).

Stock Price Performance: During May 25, 2011 to July 22, 2011, the stock price had fallen $3.83 (-10.7%) from $35.69 to $31.86. The stock price saw one of its best stretches over the last year between October 21, 2010 and October 29, 2010 when shares rose for seven-straight days, rising 6.8% (+$1.90) 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% (-$2.83) over that span. Shares are down $1.79 (-5.3%) year to date.

(Source: Xignite Financials)

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