NYSE$EVR
Evercore Inc. · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Evercore reported third quarter results, with net revenues of $570.2 million on a U.S. GAAP basis and $576.1 million on an adjusted basis.
Evercore reported Q3 2023 results, showing a slight decrease in net revenues compared to Q3 2022. The company advised on significant transactions, including Chevron's acquisition of Hess. Evercore ISI maintained its #1 rank for equity research.
- Third Quarter Net Revenues were $570.2 million on a U.S. GAAP basis and $576.1 million on an Adjusted basis.
- Evercore advised Chevron on its $60 billion acquisition of Hess.
- Evercore advised WestRock on its $20 billion merger with Smurfit Kappa and Danaher on its spin-off of Veralto.
- Evercore ISI achieved Institutional Investors All-America Equity Research #1 rank on a weighted basis for the second year in a row.
Headline financials
Revenue & EPS history
Evercore · Revenue · Quarterly
$574M
Revenue by segment
Evercore · $564M total across 4 segments · Q3 2023
- Advisory Fees$467M-4.3%82.8%
- Commissions and Related Revenue$48.7M-1.0%8.6%
- Underwriting Fees$30.8M+7.4%5.5%
- Asset Management and Administration Fees$17.3M+10.6%3.1%
Forward guidance
We are encouraged by some of the positive leading indicators we see both internally and in the market. And while the normalization of market activity will continue to take time, we remain focused on serving our clients and building for the long term.
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 2023
+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
| Quarter | Report date | Reaction (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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