Yahoo Finance Evercore First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Evercore (NYSE:EVR) First Quarter 2024 Results
Key Financial Results
Revenue: US$580.8m (up 1.5% from 1Q 2023).
Net income: US$85.7m (up 2.8% from 1Q 2023).
Profit margin: 15% (in line with 1Q 2023).
EPS: US$2.23 (up from US$2.17 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Evercore EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 8.0%. Earnings per share (EPS) exceeded analyst estimates by 17%.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Evercore that you need to be mindful of.
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