Evercore (EVR)

NYSEFinancialsFinancial - Capital MarketsSnapshot 2026-10-23

$251.88-1.37%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Evercore’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

-7.8%

+10% or more+5%0%−5%−10% or less

22.59 → 20.83 EPS · FY ending Dec 31, 2027 · 5 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 24, 2026 to Oct 24, 2026: (new ÷ prior − 1). Contributor count changed from 5 to 5; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-12-30
Revenue	—	1.29B
EPS	—	4.973
Annual ending 2026-12-31
Revenue	—	4.56B
EPS	—	17.969
Annual ending 2027-12-31
Revenue	—	5.19B
EPS	—	20.826

Management figures unavailable.

What the Thesis Depends On

4 published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Maintain dividend payout at $0.84 per share	The company maintains steady dividends at $0.84 per share.	Intact	Dividend per share falls below $0.84	Dividend per share: $0.89 per share FY2026-Q2; GAAP. Published target: >=0.84 USD per share. Target period is not explicitly aligned with this observation. Source published Aug 5, 20260.89 USD/share · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 1da3c130-2f33-4ec1-9fab-85e17a44a914. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
EPS grows to at least $14.05 in FY26	A primary condition in Evercore's published investment case. The stated target is >=14.05 USD per share.	Broken	EPS falls below $14.05 in FY26	Diluted EPS: $2.32 per share FY2026-Q2; GAAP. Published target: >=14.05 USD per share. Target period is not explicitly aligned with this observation. Source published Aug 5, 20262.32 USD/share · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 1da3c130-2f33-4ec1-9fab-85e17a44a914. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Operating income improves to at least $331 million in 2026-Q1	Operating income improved from $213 million in 2024-Q4 to $331 million in 2026-Q1.	Broken	Operating income falls below $213 million	Operating income: $176.189M FY2026-Q2; GAAP. Published target: >=331 million USD. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Aug 5, 2026176,189,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q2. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Revenue grows at least 11% YoY	A primary condition in Evercore's published investment case. The stated target is >=11% YoY.	Broken	Revenue growth falls below 11% YoY	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$20.83

$23.27 → $20.83 · observed estimates

FY2027 revenue$5.19B

$5.49B → $5.19B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$23.27	$5,494,642,562	6 / 8
2026-07-25	$23.27	$5,428,878,310	10 / 10
2026-07-26	$23.27	$5,428,878,310	10 / 10
2026-07-27	$23.27	$5,428,878,310	10 / 10
2026-07-28	$23.27	$5,494,642,562	6 / 8
2026-07-29	$23.27	$5,494,642,562	6 / 8
2026-07-30	$23.27	$5,428,878,310	10 / 10
2026-07-31	$22.73	$5,447,285,840	10 / 10
2026-08-01	$22.73	$5,513,772,529	6 / 8
2026-08-02	$22.73	$5,447,285,840	10 / 10
2026-08-03	$22.73	$5,447,285,840	10 / 10
2026-08-04	$22.73	$5,513,772,529	5 / 8
2026-08-05	$22.73	$5,447,285,840	10 / 10
2026-08-06	$22.73	$5,513,772,529	5 / 8
2026-08-07	$22.58	$5,485,229,163	5 / 7
2026-08-08	$22.57	$5,466,762,050	10 / 9
2026-08-09	$22.57	$5,466,762,050	10 / 9
2026-08-10	$22.58	$5,485,229,163	5 / 7
2026-08-11	$22.57	$5,466,760,640	10 / 9
2026-08-12	$22.58	$5,468,024,870	10 / 9
2026-08-13	$22.58	$5,468,024,870	10 / 9
2026-08-14	$22.58	$5,485,229,163	5 / 7
2026-08-15	$22.58	$5,485,229,163	5 / 7
2026-08-16	$22.58	$5,485,229,163	5 / 7
2026-08-17	$22.58	$5,485,229,163	5 / 7
2026-08-18	$22.58	$5,485,229,163	5 / 7
2026-08-19	$22.58	$5,485,229,163	5 / 7
2026-08-20	$22.59	$5,486,491,979	5 / 7
2026-08-21	$22.59	$5,486,491,979	5 / 7
2026-08-22	$22.59	$5,486,491,979	5 / 7
2026-08-23	$22.59	$5,486,491,979	5 / 7
2026-08-24	$22.59	$5,486,491,979	5 / 7
2026-08-25	$22.59	$5,486,491,979	5 / 7
2026-08-26	$22.59	$5,486,491,979	5 / 7
2026-08-27	$22.59	$5,486,491,979	5 / 7
2026-08-28	$22.59	$5,486,491,979	5 / 7
2026-08-29	$22.59	$5,486,491,979	5 / 7
2026-08-30	$22.59	$5,486,491,979	5 / 7
2026-08-31	$22.59	$5,486,491,979	5 / 7
2026-09-01	$22.59	$5,486,491,979	5 / 7
2026-09-02	$22.59	$5,486,491,979	5 / 7
2026-09-03	$22.59	$5,486,491,979	5 / 7
2026-09-04	$22.59	$5,486,491,979	5 / 7
2026-09-05	$22.59	$5,486,491,979	5 / 7
2026-09-06	$22.59	$5,486,491,979	5 / 7
2026-09-07	$22.59	$5,486,491,979	5 / 7
2026-09-08	$22.59	$5,486,491,979	5 / 7
2026-09-09	$22.59	$5,486,491,979	5 / 7
2026-09-10	$22.59	$5,486,491,979	5 / 7
2026-09-11	$22.59	$5,486,491,979	5 / 7
2026-09-12	$22.59	$5,486,491,979	5 / 7
2026-09-13	$22.59	$5,486,491,979	5 / 7
2026-09-14	$22.59	$5,486,491,979	5 / 7
2026-09-15	$22.59	$5,486,491,979	5 / 7
2026-09-16	$22.59	$5,486,491,979	5 / 7
2026-09-17	$22.59	$5,486,491,979	5 / 7
2026-09-18	$22.59	$5,486,491,979	5 / 7
2026-09-19	$22.59	$5,486,491,979	5 / 7
2026-09-20	$22.59	$5,486,491,979	5 / 7
2026-09-21	$22.59	$5,486,491,979	5 / 7
2026-09-22	$22.59	$5,486,491,979	5 / 7
2026-09-23	$22.59	$5,486,491,979	5 / 7
2026-09-24	$22.59	$5,486,491,979	5 / 7
2026-09-25	$22.59	$5,486,491,979	5 / 7
2026-09-26	$22.59	$5,486,491,979	5 / 7
2026-09-27	$22.59	$5,486,491,979	5 / 7
2026-09-28	$22.59	$5,486,491,979	5 / 7
2026-09-29	$22.59	$5,486,491,979	5 / 7
2026-09-30	$22.59	$5,486,491,979	5 / 7
2026-10-01	$22.59	$5,486,491,979	5 / 7
2026-10-02	$22.51	$5,474,585,202	5 / 7
2026-10-03	$22.51	$5,474,585,202	5 / 7
2026-10-04	$22.51	$5,474,585,202	5 / 7
2026-10-05	$22.40	$5,474,585,202	5 / 7
2026-10-06	$22.40	$5,474,585,202	5 / 7
2026-10-07	$22.38	$5,454,196,124	5 / 7
2026-10-08	$21.92	$5,375,463,169	5 / 7
2026-10-09	$21.57	$5,322,063,965	5 / 6
2026-10-10	$21.43	$5,297,718,299	5 / 6
2026-10-11	$21.43	$5,297,718,299	5 / 6
2026-10-12	$21.43	$5,297,718,299	5 / 6
2026-10-13	$21.20	$5,278,162,743	5 / 6
2026-10-14	$21.20	$5,278,854,965	5 / 6
2026-10-15	$21.20	$5,278,854,965	5 / 6
2026-10-16	$20.88	$5,188,854,965	5 / 6
2026-10-17	$20.88	$5,188,854,965	5 / 6
2026-10-18	$20.83	$5,188,404,383	5 / 6
2026-10-19	$20.83	$5,188,404,383	5 / 6
2026-10-20	$20.83	$5,188,404,383	5 / 6
2026-10-21	$20.83	$5,188,404,383	5 / 6
2026-10-22	$20.83	$5,188,404,383	5 / 6
2026-10-23	$20.83	$5,188,404,383	5 / 6
2026-10-24	$20.83	$5,188,404,383	5 / 6

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-05-01	6	5
2026-06-01	6	5
2026-07-01	6	5
2026-08-01	6	5
2026-09-01	6	5
2026-10-01	7	5

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 7 Buy / Strong Buy · 5 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades3 maintains

Recent actions · Sep 25–Oct 24 · 3 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

Evercore ISIOct 22 · prior Oct 7

$150.00 → $870.00+480.0%

Morgan StanleyOct 8 · prior Jul 30

$363.00 → $315.00-13.2%

UBSOct 7 · prior Jul 8

$350.00 → $318.00-9.1%

Goldman SachsOct 1 · prior Jul 29

$376.00 → $331.00-12.0%

$0$478.50$957.00

1 raises · 3 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Maintain dividend payout at $0.84 per shareDividend per share: $0.89 per share
EPS grows to at least $14.05 in FY26Published status: Broken
Operating income improves to at least $331 million in 2026-Q1Published status: Broken
Revenue grows at least 11% YoYPublished status: Broken

Next proof point

Oct 28, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

1.4%Typical daily move · historical

Downside history

-35.1%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Evercore outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

EVR is a financial-services business with a growth-oriented, execution-dependent multi-year view, rather than a steady low-risk compounder. The thesis is currently intact, supported by strong recent performance and improving company momentum, but earnings quality is fragile and sector conditions are a headwind.

What's priced into Evercore

The valuation evidence is mixed: EVR is described as cheap versus peers, while its valuation premium versus peers is 0.8 and the overall value assessment is expensive. The expectations gap is negative, suggesting expectations are not especially demanding, and the priced-in fragility assessment is low; valuation model confidence is medium.

What the fundamentals likely do

Near-term results may remain uneven: EVR missed its most recent quarter after a prior beat, despite strong recent financial performance and a low stated miss probability. Management is on track with its growth strategy, and revenue rose year over year in Q2 2026; hiring senior Investment Banking talent is worth watching, while capital-return progress is mixed. Near-term risks include a guidance cut and a shift toward lower interest rates, while stronger results and guidance from financial-sector peers could support sector momentum.

What Evercore hinges on

Over the next few quarters, the thesis hinges on whether management maintains guidance and improves the consistency of execution after consecutive earnings misses. Over the multi-year view, continued delivery on growth and senior talent expansion matters, alongside the interest-rate backdrop and results from sector bellwethers such as MS, GS, and SCHW.