NYSE$EVR

Evercore Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Evercore reported third quarter results, with net revenues decreasing versus 2021 but representing the second best third quarter results on both a U.S. GAAP and an Adjusted basis.

Evercore Inc. announced its Q3 2022 results, with net revenues of $576.9 million on a U.S. GAAP basis and $583.2 million on an Adjusted basis. The company advised STORE Capital on its $14 billion sale and was a bookrunner on the largest IPO year-to-date, Corebridge Financial, for $1.7 billion.

  • Third Quarter Net Revenues were $576.9 million on a U.S. GAAP basis and $583.2 million on an Adjusted basis.
  • Evercore advised STORE Capital on its $14 billion sale to GIC and Oak Street.
  • Evercore was a bookrunner on the largest IPO year-to-date, Corebridge Financial, for $1.7 billion.
  • Evercore Private Funds Group ranked #1 in multiple categories in Preqin's 2022 Service Providers Report.

Headline financials

Total Revenue

$581M

Previous: $828M-29.8%
EPS (adj)

$2.20

Previous: $3.96-44.4%
Assets Under Management

$9.99B

Previous: $11.3B-11.8%
Advisory Client Transactions

229

Previous: 257-10.9%
Advisory Client Transactions >= $1M

99

Previous: 130-23.8%
Underwriting Transactions

11

Previous: 28-60.7%
Underwriting Transactions as Bookrunner

11

Previous: 26-57.7%
Free Cash Flow

$82.4M

Previous: $160M-48.3%
Net Income

$82.4M

Previous: $160M-48.3%
Operating Income

$135M

Previous: $250M-46.1%
Gross Profit

$581M

Previous: $828M-29.8%
Cash & Equivalents

$473M

Previous: $479M-1.2%
Total Assets

$3.15B

Previous: $3.27B-3.7%
Stock-Based Comp

$119M

Previous: $107M+11.0%

Revenue & EPS history

Evercore · Revenue · Quarterly

$581M

Q3 2022-29.8%vs Q3 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Evercore · $582M total across 4 segments · Q3 2022

  • Advisory Fees
    $488M-31.1%
  • Commissions and Related Revenue
    $49.2M+5.2%
  • Underwriting Fees
    $28.7M-47.2%
  • Asset Management and Administration Fees
    $15.6M-7.8%

Forward guidance

Evercore continues to perform well in the current, challenging environment and remains steadfast in its commitment to providing the highest level of client service. The medium and long term growth outlook, and the competitive position, remain strong.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+0.3%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+1.3%

Avg return

30 days after

57%

37 / 65 earnings

Positive

+8.5%

Q3 2013

Best reaction

-14.2%

Q4 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.0%-6.3%+0.2%
Q4 2025+5.2%+6.2%-14.7%
Q3 2025-9.4%-6.7%-0.5%
Q1 2025+3.2%+6.5%+16.3%
Q4 2024+0.8%-3.8%-26.9%
Q3 2024-4.7%-5.2%+13.0%
Q2 2024+0.6%+0.4%+0.4%
Q1 2024-6.3%-5.7%+4.2%
Q4 2023-0.7%-0.8%+5.7%
Q3 2023-2.7%-1.2%+12.1%
Q2 2023-4.8%-4.0%-4.6%
Q1 2023-7.0%-6.8%-8.3%
Q4 2022+2.2%+3.2%+2.0%
Q3 2022+6.0%+10.3%+19.2%
Q2 2022+4.6%+5.1%+2.2%
Q1 2022+3.2%+2.7%+7.3%
Q4 2021+1.2%+2.4%-6.2%
Q3 2021-5.3%-4.1%-11.0%
Q2 2021+0.3%-2.0%+4.6%
Q1 2021+0.3%-1.0%+2.8%
Q4 2020+0.8%+2.4%+7.5%
Q3 2020+6.9%+5.9%+13.6%
Q2 2020-2.9%-4.7%+4.2%
Q1 2020-3.3%-0.9%+2.6%
Q4 2019+8.0%+3.9%-9.3%
Q3 2019-5.9%-3.5%-0.5%
Q2 2019+1.6%+0.0%-12.3%
Q1 2019+1.0%+2.2%-14.4%
Q4 2018+7.0%+7.2%+11.9%
Q3 2018-2.2%-5.4%-5.2%
Q2 2018-0.6%-2.1%-4.2%
Q1 2018+8.0%+9.5%+18.6%
Q4 2017+5.5%-2.5%-4.8%
Q3 2017+2.3%+3.2%+10.1%
Q2 2017-1.5%+0.4%-4.5%
Q1 2017-6.7%-5.6%-10.0%
Q4 2016+0.3%+4.8%+4.8%
Q3 2016-2.0%-1.2%+23.5%
Q2 2016+0.2%-1.0%+1.6%
Q1 2016-2.6%
Q4 2015+7.5%
Q3 2015+5.5%
Q2 2015+1.4%
Q1 2015+1.3%
Q4 2014+1.7%
Q3 2014+0.9%
Q2 2014+3.4%
Q1 2014+1.6%
Q4 2013-2.4%
Q3 2013+8.5%
Q2 2013+3.5%
Q1 2013+2.4%
Q4 2012+7.6%
Q3 2012-0.4%
Q2 2012+5.3%
Q1 2011-0.3%
Q1 2012+0.6%
Q1 2010-1.9%
Q4 2011-1.9%
Q4 2009-1.9%
Q2 2011-1.4%
Q3 2010-4.5%
Q3 2011-4.5%
Q4 2010-14.2%
Q2 2010+5.4%

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