PJT Partners Q4 revenue slightly misses on lower interest income

PJT Partners

03/02/2026 11:57

Overview

Global advisory-focused investment bank's Q4 revenue slightly missed analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company repurchased 2.4 mln shares during the year

Outlook

Company did not provide specific guidance for future quarters or years

Result Drivers

ADVISORY REVENUES - Increase driven by strategic advisory and restructuring revenues

PLACEMENT REVENUES - Growth attributed to increases in fund placement and corporate placement revenues

INTEREST INCOME DECLINE - Decrease due to lower interest rates, offset by favorable currency rates and equity securities valuation

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Miss*
$535.20 mln
$537.74 mln (6 Analysts)
Q4 Adjusted EPS
Beat
$2.55
$2.36 (6 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $188.00, about 8% above its February 2 closing price of $174.00

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

Press Release: ID:nBw7Rxt3Fa

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.)