Banking

Investment Firm Evercore Stock Sets Up For Breakout With Earnings Due

If you’re looking for stocks that are setting up in a base ahead of their next earnings report, here’s one that fits the bill: Evercore (EVR). It’s expected to report on Apr. 28 and is trading approximately 2% below a 144.23 buy point. The entry is based on a first-stage flat base. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 




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Buying a stock just ahead of earnings involves risk since you typically don’t have enough time to build a profit cushion before the latest quarterly numbers come out. Be sure to follow sound buy and sell rules to minimize your exposure.


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In terms of top and bottom line numbers, the company has posted rising EPS growth over the last four quarters. Revenue growth has also risen over the same time frame.

Consensus analyst estimates call for earnings growth of 111% for the quarter, and 9% growth for the full year. Earnings-per-share estimates for the full year were recently revised upward.

Evercore stock has a 96 Composite Rating and earns the No. 9 rank among its peers in the Finance-Investment Banking/Brokers industry group. Cowen (COWN), Futu Holdings Cl A Ads (FUTU) and Jefferies Financial Grp (JEF) are among the top 5 highly rated stocks within the group.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.

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