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Evercore Inc Class A EVR Stock Quote

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Morningstar‘s Stock Analysis EVR

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Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

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Economic Moat

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Capital Allocation

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Evercore Reports Relatively Strong First-Half Results, but Headwinds in Following Quarters

Michael Wong, CFA, CPA Sector Director

Analyst Note

| Michael Wong, CFA, CPA |

Evercore’s first half of 2022 results are relatively strong, but the company will likely experience revenue headwinds in the following quarters. The company reported net income to common shareholders of $95.6 million, or $2.33 per diluted share, on $631 million of net revenue. Net revenue in the second quarter was 8% lower from a year ago, and first half of 2022 revenue was flat with the first half of 2021. We expect to lower our fair value estimate for narrow-moat Evercore but also believe that our assessment will continue to be that shares are undervalued.

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Key Statistics EVR

Company Profile EVR

Business Description

Evercore is an independent investment bank that derives the majority of its revenue from financial advisory, including merger, acquisition, and restructuring advisory. It also has institutional equities and investment management businesses that account for around 20% of net revenue. The company was founded in 1996 and went public in 2006. Evercore had approximately 1,950 employees at the end of 2021, and about 75% of its revenue is derived from the United States.

Contact
55 East 52nd Street
New York, NY, 10055
T +1 212 857-3100
Industry Capital Markets
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 2,135

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