PJT Partners Inc reports results for the quarter ended in March - Earnings Summary

PJT Partners

02/05/2024 14:53

* PJT Partners Inc  PJT.N  reported quarterly adjusted
earnings of
98 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 54
cents.  The mean expectation of six analysts for the quarter was
for earnings of 45 cents per share. Wall Street expected
results to range from 35 cents to 55 cents per share.
    * Revenue rose 64.7% to $329.39 million from a year ago;
analysts
expected $229.32 million. 
    * PJT Partners Inc's reported EPS for the quarter was
$1.22​.
    * The company reported quarterly net income of $32.36
million.
    * PJT Partners Inc shares had fallen by 0.8% this
quarter and
lost 8.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 36.5%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the investment
banking
& brokerage services peer group is also "hold"

Wall Street's median 12-month price target for PJT Partners Inc
is $96.50 
This summary was machine generated from LSEG data May 2 at 01:53
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      0.45           0.98           Beat
 Dec. 31 2023      0.88           0.96           Beat
 Sep. 30 2023      0.46           0.78           Beat
 Jun. 30 2023      0.61           0.99           Beat