Evercore Inc. (NYSE:EVR) Poised For Near-Term Upside As Momentum Rebounds

Evercore presents a bullish short-term technical posture while fundamentals show strong earnings acceleration and an over-valued multiple under WMDST’s framework. Market dynamics suggest momentum-led price action with valuation caution.

Recent News

Oct. 28, 2025 — Evercore released third-quarter 2025 results reporting record quarterly net revenues above $1.0 billion and reaffirming a quarterly dividend of $0.84 per share. Sep. 24, 2025 — Evercore announced an inaugural Digital Finance Summit for Oct. 8, 2025 to explore stablecoin and blockchain adoption. Oct. 1, 2025 — Evercore Wealth Management named Kait Oliveira managing director and portfolio manager.

Technical Analysis

Directional indicators: DI+ measures 22.03 and trends upward while DI- measures 20.97 and trends downward; that combination signals bullish directional pressure, though ADX registers 16.89, placing directional strength below the threshold for a confirmed trend and implying limited trend conviction.

MACD behavior shows a dip-and-reversal with MACD at -1.82 crossing above the signal line at -3.46, a bullish momentum signal that supports near-term upside bias and aligns with the improving DI+ reading.

MRO registers -22.2 with a peak-and-reversal pattern. The negative MRO implies price sits below the model target and therefore carries potential to move higher, while the peak-and-reversal shape warns that momentum recently peaked and experienced a pullback from that extreme.

RSI stands at 50.1 with a dip-and-reversal pattern, reflecting neutral-to-firm technical momentum after a short pullback; this level supports further consolidation near current prices rather than extreme overbought or oversold behavior.

Price versus moving averages and bands: the close at $317.30 trades above the 20-day average ($307.65) and well above the 200-day average ($268.80), while sitting slightly below the 50-day average ($318.71). Price exceeded the 1x Bollinger upper band ($315.74), indicating short-term extension that can invite mean reversion back toward short-term averages if momentum stalls.

Volatility and breadth: 42-day beta at 1.57 and 52-week beta at 1.84 imply above-market sensitivity; trading volume recently ran below 10-, 50- and 200-day averages, suggesting moves carry lower immediate conviction from broad volume participation.

 


Fundamental Analysis

Earnings and estimates: trailing diluted EPS registered $3.41 versus an estimate of $2.94, producing an EPS surprise of +16.0%. Forward EPS reads $3.515, yielding a forward P/E of 88.65x. Quarterly results showed net revenues above $1.0 billion for Q3 2025 and continued dividend maintenance at $0.84 per share.

Growth rates: revenue growth measured 24.6% on the primary metric and revenue growth year-over-year tallied 276.7% using the supplied YoY figure; earnings growth displays 40.9% on the principal metric with earnings growth year-over-year at 222.0%. Quarter-over-quarter dynamics showed revenue QoQ up 22.93% and earnings QoQ showing a negative movement on the supplied QoQ figure; report-level context shows recent quarters produced accelerating top-line and bottom-line dollar gains.

Profitability and cash flow: return on equity stands at 8.0% and return on assets at 3.57%. Operating cash flow reached $560,913,000 with free cash flow at $541,479,000 and a free cash flow yield of 4.44%. Free cash flow growth displays a strong positive annual change on the supplied metric, though the shorter-term QoQ series shows contraction.

Capital structure and liquidity: cash balances total $988,666,000 while total debt amounts to $1,132,965,000. Debt-to-assets records 25.62% and debt-to-equity reads 62.61%, above the industry peer mean debt-to-equity of 21.50%, indicating comparatively higher leverage versus the industry peer mean.

Valuation multiples versus industry peers: trailing P/E stands at 92.8x versus an industry peer mean of 98.0x and median of 112.8x, placing the multiple below the industry peer mean. Price-to-book at 6.74 sits above the industry peer mean book multiple of 4.82 and median of 5.61. Free cash flow yield at 4.44% falls below the industry peer mean of 9.70% and median levels reported for peers.

Dividend and shareholder returns: dividend yield measures 0.27% with a payout ratio of 22.70% and dividend coverage near 4.40x, supporting a sustainable, modest-income profile relative to cash flows.

Valuation conclusion: WMDST values the stock as over-valued. The valuation assessment reflects elevated multiples relative to peer medians for book and cash-return metrics despite strong recent revenue and earnings acceleration and solid free cash flow generation.

MOST-RECENT QUARTERLY REPORT
REPORT PERIOD ENDING: 2025-09-30
REPORT DATE: 2025-10-29
NEXT REPORT DATE: 2026-01-28
CASH FLOW  Begin Period Cash Flow 627.2 M
 Operating Cash Flow 560.9 M
 Capital Expenditures -19.43 M
 Change In Working Capital 226.5 M
 Dividends Paid -32.82 M
 Cash Flow Delta 234.3 M
 End Period Cash Flow 861.6 M
 
INCOME STATEMENT REVENUE
 Total Revenue 1.0 B
 Forward Revenue 243.5 M
COSTS
 Cost Of Revenue
 Depreciation 157.0 K
 Depreciation and Amortization 157.0 K
 Research and Development
 Total Operating Expenses
PROFITABILITY
 Gross Profit
 EBITDA
 EBIT
 Operating Income
 Interest Income
 Interest Expense 7.1 M
 Net Interest Income -7.11 M
 Income Before Tax 217.3 M
 Tax Provision 59.8 M
 Tax Rate 27.518 %
 Net Income 144.6 M
 Net Income From Continuing Operations 157.5 M
EARNINGS
 EPS Estimate 2.94
 EPS Actual 3.41
 EPS Difference 0.47
 EPS Surprise 15.986 %
 Forward EPS 3.52
 
BALANCE SHEET ASSETS
 Total Assets 4.4 B
 Intangible Assets 128.6 M
 Net Tangible Assets 1.7 B
 Total Current Assets
 Cash and Short-Term Investments
 Cash 988.7 M
 Net Receivables 523.3 M
 Inventory
 Long-Term Investments
LIABILITIES
 Accounts Payable 37.5 M
 Short-Term Debt 48.0 M
 Total Current Liabilities
 Net Debt
 Total Debt 1.1 B
 Total Liabilities 2.3 B
EQUITY
 Total Equity 1.8 B
 Retained Earnings 2.4 B
VALUATION & PER-SHARE METRICS EQUITY & PER-SHARE METRICS
 Book Value Per-Share 46.93
 Shares Outstanding 38.558 M
 Revenue Per-Share 26.94
VALUATION
 Market Capitalization 12.2 B
 Enterprise Value 13.3 B
 Enterprise Multiple
Enterprise Multiple QoQ
Enterprise Multiple YoY
Enterprise Multiple IPRWA
 EV/R 12.832
CAPITAL STRUCTURE
 Asset To Equity 2.444
 Asset To Liability 1.893
 Debt To Capital 0.385
 Debt To Assets 0.256
Debt To Assets QoQ 1.687 %
Debt To Assets YoY 2310.16 %
Debt To Assets IPRWA high: 0.284
EVR: 0.256
mean: 0.043
low: 0.005
median: 0.005
 Debt To Equity 0.626
Debt To Equity QoQ 11.476 %
Debt To Equity YoY 2470.361 %
Debt To Equity IPRWA high: 0.785
EVR: 0.626
mean: 0.215
median: 0.177
low: -0.611
PRICE-BASED VALUATION
 Price To Book (P/B) 6.741
Price To Book QoQ 0.577 %
Price To Book YoY 12.182 %
Price To Book IPRWA high: 9.603
EVR: 6.741
median: 5.606
mean: 4.82
low: -4.352
 Price To Earnings (P/E) 92.772
Price To Earnings QoQ -14.599 %
Price To Earnings YoY -23.041 %
Price To Earnings IPRWA high: 155.691
median: 112.772
mean: 98.017
EVR: 92.772
low: 56.855
 PE/G Ratio 2.268
 Price To Sales (P/S) 11.742
Price To Sales QoQ -11.746 %
Price To Sales YoY -7.852 %
Price To Sales IPRWA high: 14.397
EVR: 11.742
median: 10.587
mean: 10.365
low: 1.751
FORWARD MULTIPLES
Forward P/E 88.65
Forward PE/G 2.167
Forward P/S 50.102
EFFICIENCY OPERATIONAL
 Operating Leverage
ASSET & SALES
 Asset Turnover Ratio 0.256
Asset Turnover Ratio QoQ 6.912 %
Asset Turnover Ratio YoY 20.068 %
Asset Turnover Ratio IPRWA high: 0.262
EVR: 0.256
mean: 0.071
low: 0.014
median: 0.014
 Receivables Turnover 2.063
Receivables Turnover Ratio QoQ 17.891 %
Receivables Turnover Ratio YoY 9.091 %
Receivables Turnover Ratio IPRWA high: 6.387
EVR: 2.063
mean: 1.568
low: 0.036
median: 0.036
 Inventory Turnover
Inventory Turnover Ratio QoQ
Inventory Turnover Ratio YoY
Inventory Turnover Ratio IPRWA
 Days Sales Outstanding (DSO) 44.238
CASH CYCLE
 Cash Conversion Cycle Days (CCC) 44.238
Cash Conversion Cycle Days QoQ
Cash Conversion Cycle Days YoY -95.939 %
Cash Conversion Cycle Days IPRWA high: 265.495
median: 62.564
mean: 46.747
EVR: 44.238
low: -38.293
CAPITAL DEPLOYMENT
 Cash Conversion Ratio
 CapEx To Revenue -0.019
 CapEx To Depreciation -123.783
 
CAPITAL, LIQUIDITY & COVERAGE CAPITAL STRUCTURE
 Total Capital 2.3 B
 Net Invested Capital 2.4 B
 Invested Capital 2.4 B
 Net Tangible Assets 1.7 B
 Net Working Capital
LIQUIDITY
 Cash Ratio
 Current Ratio
Current Ratio QoQ
Current Ratio YoY
Current Ratio IPRWA
 Quick Ratio
Quick Ratio QoQ
Quick Ratio YoY
Quick Ratio IPRWA
COVERAGE & LEVERAGE
 Debt To EBITDA
 Cost Of Debt 0.5 %
 Interest Coverage Ratio
Interest Coverage Ratio QoQ
Interest Coverage Ratio YoY
Interest Coverage Ratio IPRWA
 Operating Cash Flow Ratio
TIMING / LIQUIDITY
 Days Payables Outstanding (DPO)
DIVIDENDS
 Dividend Coverage Ratio 4.405
 Dividend Payout Ratio 0.227
 Dividend Rate 0.85
 Dividend Yield 0.003
PERFORMANCE GROWTH
 Asset Growth Rate 19.855 %
 Revenue Growth 24.592 %
Revenue Growth QoQ 22.929 %
Revenue Growth YoY 276.658 %
Revenue Growth IPRWA EVR: 24.592 %
high: 13.736 %
median: 9.518 %
mean: 9.152 %
low: -2.322 %
 Earnings Growth 40.909 %
Earnings Growth QoQ -233.432 %
Earnings Growth YoY 221.941 %
Earnings Growth IPRWA high: 44.444 %
EVR: 40.909 %
mean: 16.431 %
low: 11.765 %
median: 11.765 %
MARGINS
 Gross Margin
Gross Margin QoQ
Gross Margin YoY
Gross Margin IPRWA
 EBIT Margin
EBIT Margin QoQ
EBIT Margin YoY
EBIT Margin IPRWA
 Return On Sales (ROS)
Return On Sales QoQ
Return On Sales YoY
Return On Sales IPRWA
CASH FLOW
 Free Cash Flow (FCF) 541.5 M
 Free Cash Flow Yield 4.439 %
Free Cash Flow Yield QoQ 19.617 %
Free Cash Flow Yield YoY 83.203 %
Free Cash Flow Yield IPRWA high: 15.594 %
median: 15.594 %
mean: 9.701 %
EVR: 4.439 %
low: 0.467 %
 Free Cash Growth 31.526 %
Free Cash Growth QoQ -118.296 %
Free Cash Growth YoY -194.189 %
Free Cash Growth IPRWA high: 59.768 %
EVR: 31.526 %
mean: -25.451 %
median: -37.347 %
low: -45.821 %
 Free Cash To Net Income 3.745
 Cash Flow Margin 9.855 %
 Cash Flow To Earnings 0.708
VALUE & RETURNS
 Economic Value Added 0.04
 Return On Assets (ROA) 3.565 %
Return On Assets QoQ 27.641 %
Return On Assets YoY 56.497 %
Return On Assets IPRWA high: 3.732 %
EVR: 3.565 %
mean: 0.886 %
low: 0.138 %
median: 0.138 %
 Return On Capital Employed (ROCE)
 Return On Equity (ROE) 0.08
Return On Equity QoQ 36.046 %
Return On Equity YoY 58.689 %
Return On Equity IPRWA high: 0.1
EVR: 0.08
median: 0.052
mean: 0.051
low: -0.02
 DuPont ROE 8.346 %
 Return On Invested Capital (ROIC)
Return On Invested Capital QoQ
Return On Invested Capital YoY
Return On Invested Capital IPRWA

Six-Week Outlook

Near-term bias favors upside continuation driven by a bullish MACD cross, improving DI+, and RSI recovery; those signals support further short-term gains while ADX below 20 limits trend conviction. Price sits above short-term averages but outside the 1x Bollinger band, so expect momentum-driven attempts higher to coexist with periodic mean-reversion toward the 20- to 50-day averages. Higher beta and below-average volume increase vulnerability to swift reversals on negative news or earnings-related volatility. Market participants should monitor MACD momentum and volume for confirmation and the 50-day average as a reference for consolidation dynamics over the coming six weeks.

About Evercore Inc.

Evercore Inc. (NYSE:EVR) provides strategic financial advisory services worldwide, with its headquarters located in New York City. Since its inception in 1995, Evercore has structured its operations into two primary segments: Investment Banking & Equities and Investment Management. The Investment Banking & Equities division supports clients with mergers and acquisitions, defense strategies, shareholder advisories, and real estate advisories. It also offers private capital advisory, market risk management, and equity capital market services. This segment tailors solutions to help clients meet their financial objectives, providing institutional investors with comprehensive analysis, research, sales, and trading execution capabilities. In the Investment Management segment, Evercore serves high-net-worth individuals, foundations, and endowments, delivering personalized wealth management services. It manages financial assets for institutional investors, emphasizing a customized approach to asset management. Evercore commits to offering independent and insightful advice, establishing itself as a dependable partner for clients seeking to achieve their strategic and financial goals with accuracy and integrity.



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