Perella Weinberg slumps after lower Q1 earnings

Perella Weinberg Partners

01/05/2026 13:34

** Shares of financial advisory firm Perella Weinberg Partners PWP.O fall 15% premarket

** PWP posts Q1 revenue of $149 mln, down from $211 mln a year ago, reports adjusted EPS of 5 cents, down from 28 cents in Q1 2025

** Revenue and EPS miss analysts' average estimate of $175.67 mln and 16 cents - data compiled by LSEG

** Co attributes decline in revenue to fewer fee-paying clients and lower M&A and financing deal closings

** Average recommendation of four analysts is "buy"; median price target is $23.50 - LSEG-compiled data

** Stock trades at about 17 times forward 12-month earnings

** As of last close, shares up 22% YTD

 (Reporting by Purvi Agarwal in Bengaluru)

 ((Purvi.Agarwal@thomsonreuters.com;))