Evercore Partners (EVR) Tops Q4 EPS by 175c, Revenues Beat

Evercore Partners (NYSE: EVR) reported Q4 EPS of $3.93, $1.75 better than the analyst estimate of $2.18. Revenue for the quarter came in at $776.4 million versus the consensus estimate of $530.84 million.

Ralph Schlosstein, President and Chief Executive Officer"This has been by far the best quarter and full year in the Firm's history and a strong affirmation by our clients of our Firm's business model. We finished 2018 with our tenth consecutive year of growth in Adjusted Revenues, Operating Income and EPS. We had significant growth in both Strategic and Capital Advisory services, and our 2018 Advisory and Underwriting revenues grew by 32% and 56% year over year, respectively. Our Equities team finished 2018 strongly, growing Commissions revenues in the second half of the year," said Ralph Schlosstein, President and Chief Executive Officer. "We continue to deliver significant value to our shareholders, returning more than $376 million of capital in 2018."

John S. Weinberg, Executive Chairman"We believe our 2018 results reflect our strategy of investing in exceptional talent and expanding our sector coverage and capabilities in the U.S. and globally," said John S. Weinberg, Executive Chairman. "We are pleased to have promoted seven of our talented professionals to Senior Managing Director in January, as we continue to focus on building our next generation of senior leadership."

Roger C. Altman, Founder and Senior Chairman\"The combination of Evercore's deepening capabilities, steadily growing market share and positive financial market conditions were responsible for our record results in 2018, and, these same elements remain in place," said Roger C. Altman, Founder and Senior Chairman.

For earnings history and earnings-related data on Evercore Partners (EVR) click here.

You May Also Be Interested In

• 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
• Lennar Corp. (LEN) Misses Q2 EPS by 1c
• Liberty All-Star Equity Fund appoints Loomis Sayles as new manager