Pre-earnings brief
Reports
Wed, Oct 28, 2026
Est. EPS
—
Est. revenue
—
Implied move
±3.7%
EPS beat rate
88%
Evercore Inc. is a leading investment banking and brokerage firm that provides advisory services to clients worldwide. With a market cap of $10 billion, it plays a significant role in the financial sector, particularly in mergers and acquisitions, capital raising, and asset management.
Last quarter
In Q2 2026, Evercore reported an EPS of $2.91, missing expectations by 3.64%. Following this announcement, the stock dropped by over 10% the next day.
EPS beat streak
0Q
EPS beat rate
88%
Avg EPS surprise
+36.84%
Avg 1-day reaction
-2.40%
Investors are cautious ahead of the upcoming earnings report, especially after the last quarter's miss. The focus will be on whether Evercore can rebound and meet or exceed expectations this time.
Bull case
If Evercore can deliver strong advisory fees and a solid EPS, it may regain investor confidence and see a positive stock reaction.
Bear case
Conversely, if the company misses expectations again, it could lead to further declines in stock price, reflecting ongoing concerns about its performance.
The print will turn on these.
Q1
What will the EPS be this quarter, and how does it compare to previous quarters?
Given the recent miss in Q2, the market will closely watch EPS to gauge whether Evercore can recover and meet investor expectations.
Q2
How have advisory fees changed compared to the last quarter?
Advisory fees are critical to Evercore's revenue, and any significant changes could impact overall performance and investor sentiment.
—
Est. EPS
—
Est. Rev
—
Impl. Move
±9.4%
Why consensus could be wrong
The Street may be underestimating the potential for a rebound in advisory fees, which could significantly impact EPS positively this quarter.
Supporting evidence
Evercore has a strong track record of beating EPS estimates, with an 88% success rate over the last eight quarters.
Options are pricing a smaller move than the historical average, indicating potential for a larger reaction.
The recent drop in stock price may have created a buying opportunity for investors looking for a recovery.
Key risk
If advisory fees show a significant increase, it could challenge the current bearish sentiment.
Pre-commit to what would confirm each case.
This quarter's performance is crucial for Evercore as it seeks to regain investor trust after a disappointing previous quarter.
Bull confirmed if
An EPS of $3.00 or higher would indicate strong recovery and confidence in the company's advisory services.
Bear confirmed if
An EPS below $2.80 would raise concerns about ongoing challenges in the investment banking sector.
What the market is pricing for the move.
Implied Move
±3.68%
Historical Avg
±5.3%
The options market is pricing a relatively modest move, suggesting that investors are uncertain about significant changes in stock price following the earnings report.
Options are pricing ±3.7% while EVR has averaged ±5.3% over the last 8 prints — setup is pricing cheap.
ATM IV
0.4%
30d HV
23.5%
Smart-money positioning from the most recent 13F filings.
Institutional
95.26%
of float
Insider
2.33%
of float
Holders
889
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
3,715,623 sh · $993.0M
9.61%
1.8%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Evercore beats expectations, history suggests a potential stock increase of around 5.3%, confirming a positive outlook.
In line / cautious
If results are in line with expectations, the stock may react cautiously, reflecting ongoing uncertainty in the market.
Miss
A miss could lead to a decline of about 10.5%, reinforcing negative sentiment following the last quarter's performance.
The lines on the call that would change the story.
Vanguard Portfolio Management LLC
1,956,150 sh · $522.8M
5.06%
-0.9%
AQR Capital Management, LLC
1,710,982 sh · $457.3M
4.42%
29.9%
Vanguard Capital Management LLC
1,680,210 sh · $449.1M
4.34%
-0.9%
Invesco Ltd.
1,602,673 sh · $428.3M
4.14%
12.5%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.