Evercore had a solid quarter from our point of view, but markets were likely expecting more in the quarter that ended after the first rate cut. In particular, sponsors, as we predicted, would need more than one rate cut to come back to markets in earnest. The sponsor-reliant picks in the sector, including Evercore, are not having a great day on that account.
Evercore Inc. (NYSE:EVR ) Q3 2024 Earnings Conference Call October 23, 2024 8:00 AM ET Company Participants Katy Haber - Managing Director, Investor Relations & ESG John Weinberg - Chairman & Chief Executive Officer Tim LaLonde - Chief Financial Officer Conference Call Participants Brendan O'Brien - Wolfe Research Ryan Kenny - Morgan Stanley James Yaro - Goldman Sachs Jim Mitchell - Seaport Global Devin Ryan - Citizens JMP Aidan Hall - KBW Mike Brown - Wells Fargo Operator Good morning and welcome to the Evercore Third Quarter 2024 Earnings Conference Call. Today's call is scheduled to last about one hour, including remarks by Evercore management and the question-and-answer session.
David Palmer, Evercore restaurant and packaged food analyst, joins 'Squawk on the Street' to discuss the E. Coli outbreak at McDonald's, if things were just beginning to click for McDonald's, and much more.
The headline numbers for Evercore (EVR) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Evercore (EVR) came out with quarterly earnings of $2.04 per share, beating the Zacks Consensus Estimate of $1.95 per share. This compares to earnings of $1.30 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for Evercore (EVR), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
The surge in artificial intelligence has sparked a growing appetite for energy and power, creating a bullish environment for utilities (XLU). This trend has propelled the sector to outshine the broader market, prompting Evercore ISI to upgrade the utilities sector from In Line to Outperform.
Evercore (EVR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Mark Mahaney, Evercore ISI head of internet research, joins ‘Squawk Box' to discuss Amazon as the online retail giant's Prime Day kicks off on Tuesday.
While the stock is already up 50% this year, it is still considered cheap based on its growth expectations.
Steve Richardson, Evercore ISI senior managing director, joins CNBC's 'Money Movers' to discuss global oil demand and pricing, oil futures, and more.
On Monday, September 16, 2024, Evercore ISI upgraded Sprouts Farmers Market Inc. (NASDAQ: SFM) to an “Outperform” rating, signaling confidence in the company's growth trajectory. The upgrade followed an in-depth meeting with Sprouts' CEO Jack Sinclair and CFO Curtis Valentine.