Brief: Perella Weinberg Partners Q2 Adjusted EPS USD 0.09 Vs. IBES Estimate USD 0.07

Perella Weinberg Partners

01/08/2025 11:59

Overview

Perella Weinberg Q2 revenue down 43%, missing analyst expectations, per LSEG data

Adjusted EPS for Q2 beats consensus, indicating operational resilience

Co announces acquisition of Devon Park Advisors, expanding product offering

Outlook

Company sees improved market conditions entering third quarter

Perella Weinberg expects acquisition to expand services for asset managers

Company anticipates growth in secondaries market post-acquisition

Result Drivers

REVENUE DECLINE - Driven by decreased M&A contributions, partially offset by increased financing and capital solutions activity

TALENT INVESTMENT - Added partners and managing directors to enhance client coverage and capabilities

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$155 mln
$173.10 mln (4 Analysts)
Q2 Adjusted EPS
Beat
$0.09
$0.07 (4 Analysts)
Q2 Dividend
$0.07


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the investment banking & brokerage services peer group is "buy"

Wall Street's median 12-month price target for Perella Weinberg Partners is $22.50, about 11.4% above its July 31 closing price of $19.94

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nGNXbpMZq3

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)