Piper Sandler Q3 revenue tops estimates on higher equity financings

Piper Sandler Companies

31/10/2025 11:12

Overview

Piper Sandler Q3 2025 revenue of $479 mln beats analyst expectations

Adjusted EPS for Q3 2025 shows significant growth compared to last year

Company completed acquisition of G Squared Capital Partners, expanding tech banking group

Outlook

Piper Sandler did not provide specific future guidance

Result Drivers

EQUITY FINANCINGS - Record Q3 revenues driven by increased equity financings and strong performance across business segments

ADVISORY SERVICES - Advisory services revenues grew 13% YoY, led by financial services industry group advising on major U.S. bank M&A transactions

CORPORATE FINANCING - Robust corporate financing activity generated $80 mln in revenues, best quarter since 2021

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$479 mln
$413.91 mln (4 Analysts)
Q3 EPS
$3.38
Q3 Net Income
$60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "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 Piper Sandler Companies is $348.50, about 6.1% above its October 30 closing price of $327.10

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 18 three months ago

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