Evercore Inc. · EVR · FY2026 Q1 · Calendar Q2 2026

Evercore posts record Q1 as advisory demand stays strong

Evercore’s record Q1 and broad-based performance support a constructive operating outlook, but results remain exposed to lumpy deal timing, regulation and talent costs.

Reported Before market openNYSEFinancial Services $11.17B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $7.53 Consensus $5.43
EPS surprise +38.7% Reported versus consensus
Reported revenue $1.40B Consensus $1.17B
Revenue surprise +19.4% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -4.8% Event window
SPY move -0.0% Same window
Abnormal move -4.8% Stock minus SPY
Volume 2.0× Versus trailing sessions
Subsequent drift +7.0% Up to 20 sessions
EVRSPY benchmark

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What changed

Performance broadened across strategic advisory, EMEA, PCA, private capital and wealth management; the senior managing director base reached 182, and shareholder returns totaled $673 million.

Guidance delta

Management maintained its outlook and said Q2 performance is expected to be comparable to the strong Q2 2025 period.

Key takeaways

  • Record Q1 adjusted net revenue doubled year over year and rose sequentially.
  • Large-cap M&A and financing markets supported broad-based strength across business lines.
  • The firm expanded its senior talent base while compensation-ratio improvement continued.
  • Management highlighted near-term uncertainty in software, middle-market sponsor activity and regulation.

Management priorities

  • Continue hiring and expanding the senior managing director bench.
  • Invest in technology and AI for productivity and deal processing.
  • Deepen the European franchise and develop private-credit, secondaries and structured minority offerings.
  • Maintain disciplined capital allocation through dividends, repurchases and selective acquisitions.

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Earnings History

Estimate Beat Miss Match
EVR EPS earnings history estimate and actual scatter chart 10 reported fiscal quarters and 4 future estimate-only quarters. Q2 '24 estimate $1.63 Q2 '24 actual $1.81, beat Q3 '24 estimate $1.96 Q3 '24 actual $2.04, beat Q2 '25 estimate $1.78 Q2 '25 actual $2.42, beat Q3 '25 estimate $3.25 Q3 '25 actual $3.48, beat Q4 '25 estimate $3.83 Q4 '25 actual $5.13, beat Q1 '26 estimate $5.43 Q1 '26 actual $7.53, beat Q2 '26 estimate $3.03 Q2 '26 actual $2.91, miss Q3 '26 estimate $2.52 Q3 '26 actual $4.28, beat Q4 '26 estimate $5.21 Q1 '27 estimate $5.61 Q2 '27 estimate $4.17 Q3 '27 estimate $5.02
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Analyst Consensus ?

ConsensusHold22 ratings
Bullish1150.0%
Neutral1045.5%
Bearish14.5%

Analyst 52W Price Targets

$290.5Current
$109Low
$339.8Average
$870High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 1, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
UBS Neutral NeutralMaintainOct 29, 2026
Morgan Stanley Equal Weight Equal WeightMaintainOct 29, 2026
Goldman Sachs Buy BuyMaintainOct 1, 2026
BMO Capital Market Perform Market PerformMaintainAug 3, 2026
Keefe, Bruyette & Woods Outperform OutperformMaintainJul 30, 2026
Show 17 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $290.5. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Goldman SachsAnalyst unavailable$357$292.38 +22.9%Oct 28, 2026
Evercore ISIMark Mahaney$870$252.01 +199.5%Oct 22, 2026
Morgan StanleyAnalyst unavailable$315$267.26 +8.4%Oct 8, 2026
Evercore ISIAnalyst unavailable$150$262.42 -48.4%Oct 7, 2026
UBSAnalyst unavailable$318$268.08 +9.5%Oct 7, 2026
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Company context

Snapshot as of publication

Evercore Inc. functions as an autonomous investment banking advisory firm, maintaining a substantial international presence with operations spanning the United States, Europe, and Latin America. The company is structured into two core business units: Investment Banking and Investment Management. Its Investment Banking division provides extensive strategic guidance, covering mergers and acquisitions, corporate strategic planning, defense advisory, shareholder relations, special committee engagements, and complex transaction structuring.…

Historical context

All EVR earnings

Financial Services peers this season

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Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-11-01T06:40:40.441862+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-01T06:40:40.438715+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-11-01. For educational purposes only; not investment advice.