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Sep 30, 2024
Evercore Q3 2024 Earnings Report
Evercore's Q3 2024 performance was marked by revenue growth and increased profitability.
Key Takeaways
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.
Revenue by Segment
Forward Guidance
Evercore anticipates continued success as the market improves, driven by investments in talent and platform broadening.
Positive Outlook
- 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.
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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