Perella Weinberg beats Q2 estimates on higher M&A activity, fee-paying clients

Perella Weinberg Partners

31/07/2026 12:07

Overview
US advisory firm's Q2 revenue rose 1% yr/yr, slightly beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company cites higher M&A activity and new senior hires, offset by lower financing activity

Outlook
Company expects to close Gleacher Shacklock acquisition in third qtr 2026
Perella Weinberg says booked revenue plus backlog stands above year-ago levels
Company estimates $7.6 mln in future business realignment cash payments by year-end

Result Drivers
M&A ACTIVITY - Co said Q2 revenue growth was driven by increased M&A contribution and more fee-paying clients
LOWER FINANCING ACTIVITY - Revenue growth was partially offset by a decrease in financing and capital solutions activity
BUSINESS REALIGNMENT - Co undertook headcount reductions and business realignment to focus on higher-performing areas

Company press release: ID:nGNX4K3CLz

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$156.5 mln
$155.68 mln (3 Analysts)
Q2 Adjusted EPS
Beat
$0.20
$0.05 (3 Analysts)
Q2 Dividend
 
$0.07
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "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 $20.50, about 37.5% above its July 30 closing price of $14.91
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

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(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.)