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Mar 31, 2022
Evercore Q1 2022 Earnings Report
Evercore reported record first quarter net revenues and earnings, driven by high volume of completed transactions. The company is closely monitoring factors that could weigh on global M&A activity.
Key Takeaways
Evercore reported record first quarter net revenues of $722.9 million on a U.S. GAAP basis and $728.3 million on an Adjusted basis, a 9% increase compared to the first quarter of 2021. Record first quarter earnings per share were $3.79 on a U.S. GAAP basis and $3.80 on an Adjusted basis, a 17% and 16% increase, respectively, compared to the same period last year.
Record First Quarter Net Revenues of $722.9 million on a U.S. GAAP basis and $728.3 million on an Adjusted basis increased 9% on both a U.S. GAAP and an Adjusted basis versus First Quarter 2021
Record First Quarter Earnings Per Share of $3.79 on a U.S. GAAP basis and $3.80 on an Adjusted basis increased 17% and 16% on a U.S. GAAP and an Adjusted basis, respectively, versus First Quarter 2021
Advisory Revenues of $624.6 million on a U.S. GAAP basis and $624.9 million on an Adjusted basis were also records for a first quarter, increasing 22% on both a U.S. GAAP and an Adjusted basis versus the same period in 2021
Served as bookrunner on over 90% of underwriting participations in Q1 2022
Revenue by Segment
Forward Guidance
Evercore is closely monitoring factors that could weigh on global M&A activity in the intermediate-term, including the war in Ukraine, mounting inflationary pressures, supply chain constraints and rising rates.
Challenges Ahead
- War in Ukraine
- Mounting inflationary pressures
- Supply chain constraints
- Rising rates
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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