PJT Partners' Q1 revenue, adjusted EPS beat estimates

PJT Partners

28/04/2026 11:58

Overview

U.S. investment bank's Q1 revenue rose 29% yr/yr, beating analyst expectations

Adjusted EPS for Q1 increased 47% and beat analyst expectations

Company announced new $800 mln share repurchase program

Outlook

Company did not provide specific financial guidance for the current or future periods

Result Drivers

ADVISORY REVENUE GROWTH - Co said revenue growth was driven by increases in strategic advisory, private capital solutions, and restructuring revenues

HIGHER BUSINESS ACTIVITY - Non-compensation expenses rose mainly due to increased travel, expanded office footprint, and higher professional fees linked to greater business activity

Company press release: ID:nBwbzQ7TVa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$418.20 mln
$413.33 mln (6 Analysts)
Q1 Adjusted EPS
Beat
$1.54
$1.50 (7 Analysts)
Q1 EPS
$2.21
Q1 Pretax Profit
$80.40 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "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 PJT Partners Inc is $166.00, about 6.5% above its April 27 closing price of $155.81

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 22 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.)