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

Perella Weinberg Partners

02/08/2024 14:31

* Perella Weinberg Partners  PWP.OQ  reported quarterly
adjusted
earnings of 43 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 16 cents.  The mean expectation of four analysts
for the quarter was for earnings of 17 cents per share. Wall
Street expected results to range from 13 cents to 21 cents per
share.
    * Revenue rose 64.9% to $273.00 million from a year ago;
analysts
expected $179.35 million. 
    * Perella Weinberg Partners shares had risen by 12.6% this
quarter and gained 49.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 19% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
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 $19.00 
This summary was machine generated from LSEG data August 2 at
01:30 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
 Jun. 30 2024      0.17           0.43           Beat
 Mar. 31 2024      0.07           -0.10          Missed
 Dec. 31 2023      0.04           0.08           Beat
 Sep. 30 2023      0.05           0.12           Beat