PJT Partners Q3 revenue up 37%, beats estimates

PJT Partners

04/11/2025 11:58

Overview

PJT Partners Q3 revenue grows 37% yr/yr, beating analyst expectations

Adjusted EPS for Q3 beats consensus, reflecting strong financial performance

Company repurchased 2.3 mln shares, indicating confidence in future growth

Result Drivers

STRATEGIC ADVISORY - Increase in strategic advisory revenues drove higher Q3 revenue

FUND PLACEMENT - Increase in fund placement revenues contributed to higher Q3 placement fees

BUSINESS DEVELOPMENT - Increased business development activity raised travel and related expenses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$447.10 mln
$392.05 mln (5 Analysts)
Q3 Adjusted EPS
Beat
$1.85
$1.43 (6 Analysts)
Q3 Pretax Profit
$91 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "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 $180.00, about 9.8% above its November 3 closing price of $162.42

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release: ID:nBw7YJf90a

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.)