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

Perella Weinberg Partners

03/05/2024 14:32

* Perella Weinberg Partners  PWP.OQ  reported a quarterly
adjusted
loss of 10 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 9 cents.  The mean expectation of four analysts for the
quarter was for earnings of 7 cents per share. Wall Street
expected results to range from 5 cents to 9 cents per share.
    * Revenue fell 22.3% to $102.13 million from a year ago;
analysts
expected $133.69 million. 
    * Perella Weinberg Partners shares had risen by 6.4% this
quarter and gained 23.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 53.5%
in the last three months.​ 
    * In the last 30 days, four 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 $17.00 
This summary was machine generated from LSEG data May 3 at 01:31
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
 Mar. 31 2024      0.07           -0.10          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