Perella Weinberg Q1 revenue misses on fewer clients & deal closings

Perella Weinberg Partners

01/05/2026 12:07

Overview

US financial advisory firm's Q1 revenue fell 30%, missing analyst expectations

Adjusted EPS and adjusted net income for Q1 missed analyst expectations

Revenue decline driven by fewer fee-paying clients and lower deal closings

Outlook

Company says client dialogue remains strong and backlog is at a two-year quarterly high

Perella Weinberg expects increased scale and diversification from recent acquisitions and senior hires

Result Drivers

FEWER CLIENTS & DEAL CLOSINGS - Revenue fell due to fewer fee-paying clients and a decline in closings across M&A and financing and capital solutions

HIGHER COMPENSATION RATIO - Compensation ratio increased as lower revenues were measured against a higher non-bonus compensation base and timing of RSU vesting

LOWER NON-COMPENSATION EXPENSES - Non-compensation expenses declined, mainly due to lower professional fees and decreased bad debt expense

Company press release: ID:nGNX1kPSqp

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$149 mln
$175.67 mln (4 Analysts)
Q1 Adjusted EPS
Miss
$0.05
$0.16 (4 Analysts)
Q1 Adjusted Net Income
Miss
$3.22 mln
$19.53 mln (3 Analysts)
Q1 Dividend
$0.07


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 $23.50, about 3.3% above its April 30 closing price of $22.74

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)