Evercore Partners Inc. Third Quarter Earnings Sneak Peek

Evercore Partners Inc. (NYSE:EVR) will unveil its latest earnings on Thursday, October 25, 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 analyst estimate is for profit of 35 cents per share, a decline of 23.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 38 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 36 cents during the last month. Analysts are projecting profit to rise by 14.4% versus last year to $1.35.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported net income of 49 cents per share against a mean estimate of profit of 48 cents per share. In the first quarter, it missed forecasts by 23 cents.

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A Look Back: In the second quarter, profit rose more than threefold to $7.9 million (25 cents a share) from $2.3 million (8 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 19.2% to $176.1 million from $147.7 million.

Stock Price Performance: Between July 26, 2012 and October 19, 2012, the stock price rose $3.85 (17.5%), from $21.98 to $25.83. The stock price saw one of its best stretches over the last year between September 12, 2012 and September 21, 2012, when shares rose for eight straight days, increasing 11.6% (+$2.92) 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.

Wall St. Revenue Expectations: On average, analysts predict $138.7 million in revenue this quarter, a decline of 15.3% from the year-ago quarter. Analysts are forecasting total revenue of $561 million for the year, a rise of 7% from last year’s revenue of $524.3 million.

Key Stats:

Heading into this earnings season, the company is looking to build on good signs from last quarter. The company reported losses in the fourth quarter of the last fiscal year and the first quarter, but finished in the black with income of $7.9 million in the second.

On the top line, the company is hoping to build on a revenue increase last quarter. Revenue fell 6% in the first quarter after increasing in the second quarter.

Analyst Ratings: There are mostly holds on the stock with three of five analysts surveyed giving that rating.

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

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