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2026-08-31 16:10 12d ago
2026-08-31 11:32 12d ago
Evercore vidí u společnosti Red Cat růst díky rozpočtu Pentagonu
EVR Evercore Partners
FMP Stock News 78
Original source text
Evercore ISI initiated coverage of Red Cat Holdings Inc. (NASDAQ:RCAT) on Monday with an Outperform rating and a $15 price target, in a note titled “Ready. Set. Fly” that frames the Department of Defense’s shifting procurement priorities as a multi-year tailwind for the company.

RCAT stock is climbing. See the real-time price action here.  Evercore Initiates RCAT at Outperform, $15 price targetAnalyst Amit Daryanani said the Pentagon’s drone budget has undergone a structural shift, with the Department of Defense proposing $53.6 billion for its Drone Dominance Program in fiscal 2027 — the largest single commitment to drones in Pentagon history. 

Daryanani argued the shift could create a recurring replenishment cycle for Red Cat, since drones are increasingly treated as consumables rather than durable, long-life assets.

The Black Widow MoatThe note also pointed to a “qualification moat” building around Red Cat’s Black Widow drone. The company’s win of the Army’s Short-Range Reconnaissance program has helped establish Black Widow as a staple platform, a position reinforced by separate U.S. Air Force investment in the same aircraft, according to Evercore.

On the numbers, Evercore projects fiscal 2026 sales of $150 million to $180 million, which Daryanani said reflects strong second-half expectations that could outperform Street consensus.

He flagged the handling of unobligated defense funds as a swing factor that could boost demand once additional contracts materialize in the third quarter.

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Evercore also called Red Cat’s Variant 7 unmanned surface vessel a “call option” on the stock, citing ongoing production and evolving contract interpretations tied to the U.S. Navy as a longer-dated growth lever.

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On margins, the firm said Red Cat is targeting 30% gross margins by fiscal 2026, aided by a mix shift toward higher-priced unmanned surface vessels.

Evercore Likes the SetupEvercore said the broader setup is supported by a robust balance sheet and continued capital and inventory investment, with demand expected to ramp across multiple military branches and allied nations over time.

The firm cautioned that defense budget fluctuations and contract delays remain the key risks, and said order timing and competitive dynamics warrant close monitoring.

Red Cat shares closed at $8.49 on Friday, down 8.51% on the session. Evercore’s $15 target implies upside of roughly 77% from that level, while the broader Street’s average target has climbed to $18.

RCAT Stock Price Action: According to data from Benzinga Pro, Red Cat stock was up 0.47% at $8.54 at the time of publication Monday.

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2026-08-31 04:34 12d ago
2026-08-28 12:36 15d ago
Evercore klesl o zklamání z EPS, tržby rekordní
EVR Evercore Partners
FMP Stock News 72
Original source text
It has been about a month since the last earnings report for Evercore (EVR - Free Report) . Shares have lost about 6.6% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Evercore due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Evercore Inc before we dive into how investors and analysts have reacted as of late.

Evercore Q2 Earnings Miss Estimates, Revenues Rise on Deal ActivityEvercore reported second-quarter 2026 adjusted earnings per share of $2.91, missing the Zacks Consensus Estimate of $3.02. However, the bottom line compared favorably with the prior-year quarter’s $2.42.

Results were pressured by higher expenses. However, growth in revenues from the Investment Banking & Equities and Investment Management segments helped offset some of the impact. Additionally, the increase in assets under management provided further support to the overall performance.

The results include certain non-recurring items. After considering this, net income attributable to common shareholders (GAAP basis) was $95.3 million, down from $97.2 million in the year-ago quarter.

Revenues & Expenses RiseIn the second quarter of 2026, the company reported record net revenues (adjusted) of $999.5 million, beating the Zacks Consensus Estimate of $993.5 million by 0.6%. The top line increased 19.2% from $838.9 million in the year-ago quarter.

Total expenses increased 23.4% year over year to $843.6 million. The rise reflected increases in employee compensation and benefits, and non-compensation costs, along with special charges related to an estimated loss provision for non-U.S. employment taxes for prior periods.

The adjusted compensation ratio was 63.5%, down from 65.4% in the prior-year quarter.

The adjusted operating margin was 19%, up from 18.7% in the prior-year quarter.

Quarterly Segment Performance (GAAP Basis)Investment Banking & Equities: Net revenues increased 19.1% year over year to $966.9 million. This rise was primarily due to increases in advisory fees, underwriting fees, and commissions and related revenues. However, operating income declined 2.4% to $142.5 million from $146 million in the year-ago quarter.

Investment Management: Net revenues were $23.3 million, up 7.7% from the prior-year quarter. Operating income was $4.1 million, down 7.6% year over year. AUM was $16.2 billion as of June 30, 2026, growing 12% year over year.

Balance Sheet Position StrongAs of June 30, 2026, cash and cash equivalents were $1.3 billion, and investment securities and certificates of deposit were $1.1 billion. Current assets exceeded current liabilities by $1.9 billion as of the same date. Amounts due related to the notes payable were $540 million as of June 30, 2026.

Capital Distribution ActivitiesIn the reported quarter, Evercore repurchased an aggregate of 0.3 million shares at an average price of $339.79 per share.

How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended downward during the past month.

VGM ScoresCurrently, Evercore has a great Growth Score of A, though it is lagging a bit on the Momentum Score front with a B. Following the exact same course, the stock was allocated a score of B on the value side, putting it in the second quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Evercore has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerEvercore belongs to the Zacks Financial - Investment Bank industry. Another stock from the same industry, Raymond James Financial, Inc. (RJF - Free Report) , has gained 0.7% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.

Raymond James Financial reported revenues of $3.93 billion in the last reported quarter, representing a year-over-year change of +15.6%. EPS of $3.14 for the same period compares with $2.18 a year ago.

For the current quarter, Raymond James Financial is expected to post earnings of $3.38 per share, indicating a change of +8.7% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.3% over the last 30 days.

Raymond James Financial has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D.
2026-07-29 15:39 1mo ago
2026-07-29 09:26 1mo ago
Evercore ve 2. čtvrtletí zaostal za odhadem zisku, tržby překonaly odhady
EVR Evercore Partners
FMP Stock News 78
Original source text
Evercore (EVR - Free Report) came out with quarterly earnings of $2.91 per share, missing the Zacks Consensus Estimate of $3.02 per share. This compares to earnings of $2.42 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -3.64%. A quarter ago, it was expected that this investment bank would post earnings of $5.57 per share when it actually produced earnings of $7.53, delivering a surprise of +35.19%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Evercore, which belongs to the Zacks Financial - Investment Bank industry, posted revenues of $999.52 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.60%. This compares to year-ago revenues of $838.85 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Evercore shares have added about 0.1% since the beginning of the year versus the S&P 500's gain of 8.5%.

What's Next for Evercore?While Evercore has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Evercore was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.74 on $1.11 billion in revenues for the coming quarter and $19.64 on $4.86 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Bank is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Tradeweb Markets (TW - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on July 30.

This electronic marketplaces operator is expected to post quarterly earnings of $0.96 per share in its upcoming report, which represents a year-over-year change of +10.3%. The consensus EPS estimate for the quarter has been revised 0.4% higher over the last 30 days to the current level.

Tradeweb Markets' revenues are expected to be $564.05 million, up 10% from the year-ago quarter.