Perella Weinberg Partners reports results for the quarter ended in December - Earnings Summary

Perella Weinberg Partners

08/02/2024 15:07

* Perella Weinberg Partners  PWP.OQ  reported quarterly
adjusted
earnings of 8 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 11 cents.  The mean expectation of
four analysts for the quarter was for earnings of 4 cents per
share. Wall Street expected results to range from -1 cents to 8
cents per share.
    * Revenue rose 16.1% to $212.68 million from a year ago;
analysts
expected $176.24 million. 
    * Perella Weinberg Partners's reported EPS for the quarter
was a
loss of 49 cents​.
    * Perella Weinberg Partners shares had fallen by 3.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 78.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 also "buy"

Wall Street's median 12-month price target for Perella Weinberg
Partners is $16.00 
This summary was machine generated from LSEG data February 8 at
03:07 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.04           0.08           Beat
 Sep. 30 2023      0.05           0.12           Beat
 Jun. 30 2023      0.10           0.16           Beat
 Mar. 31 2023      0.06           0.09           Beat