NYSE$EVR
Evercore Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Evercore's Q3 2024 performance was marked by revenue growth and increased profitability.
Evercore reported a strong third quarter in 2024, with a 29% increase in net revenues to $734.2 million on a U.S. GAAP basis. Operating income increased by 59% to $122.0 million, and diluted earnings per share rose to $1.86. The company benefited from strong activity levels across its businesses.
- Net Revenues increased 29% compared to Q3 2023.
- Operating Income increased 59% versus 2023.
- Evercore advised on notable transactions in financial services, energy transition and sponsors.
- Evercore was lead-left bookrunner on Diamondback Energy’s $2.6 billion follow-on offering.
Headline financials
Revenue & EPS history
Evercore · Revenue · Quarterly
$738M
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
Evercore anticipates continued success as the market improves, driven by investments in talent and platform broadening.
Tailwinds
- Strong activity levels across nearly all businesses.
- Positioned for success as the market continues to improve.
- Continued, aggressive investments in talent.
- Broadening platform are bearing fruit.
- Investments in financial services, energy transition and sponsors.
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 2024
+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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