Evercore Partners Inc. Third Quarter Earnings Sneak Peek

Evercore Partners, Inc. (NYSE:EVR) will unveil its latest earnings on Thursday, October 27, 2011. 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 36 cents per share, a decline of 5.3% 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 43 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 41 cents during the last month. Analysts are projecting profit to rise by 59.6% versus last year to $1.50.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the second quarter, the company reported profit of 43 cents per share versus a mean estimate of net income of 44 cents per share. In the first quarter, the company beat estimates by 3 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 4% in revenue from the year-earlier quarter to $128.7 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. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the second quarter, profit rose 1832.5% to $2.3 million (8 cents a share) from $117,000 (0 cents a share) the year earlier, but fell short analyst expectations. Revenue rose more than twofold to $147.7 million from $70.8 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 77.6% in the first quarter and 99.3% in the fourth quarter of the last fiscal year.

The company’s revenue has risen for two straight quarters. In the first quarter, the figure rose 21.3%.

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 July 28, 2011 to October 21, 2011, the stock price had fallen $5.50 (-18.9%) from $29.10 to $23.60. 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% (+$2.43) 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% (-$2.81) over that span. Shares are down $9.79 (-29.3%) year to date.

(Source: Xignite Financials)

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