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PJT Partners Inc (PJT)
NYSE:PJT
Holding PJT?
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.13Last Year’s EPS
0.96Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: 17.03%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Positive
PJT Partners demonstrated strong financial performance with record revenues and significant growth in key areas such as PJT Park Hill and restructuring. Despite slight challenges in restructuring revenue growth and increased noncompensation expenses, the overall outlook remains positive with strategic acquisitions and a favorable future forecast for Strategic Advisory.Company Guidance
During the PJT Partners Third Quarter 2024 Earnings Call, the executive team outlined several key financial metrics and strategic initiatives. The company reported record third-quarter revenues of $326 million, marking a 17% increase year-over-year, with adjusted pretax income up 16% and adjusted EPS rising 19% compared to the previous year. For the first nine months, revenues reached $1.016 billion, a 23% year-over-year increase, with adjusted pretax income and adjusted EPS up 32% and 35%, respectively. The firm maintained a compensation expense ratio of 69.5% of revenues and reported an effective tax rate of 21% for the first nine months. PJT highlighted its acquisition of deNovo Partners and noted that its restructuring and Park Hill businesses are performing strongly, benefiting from current market conditions. The Board approved a dividend of $0.25 per share, reflecting the company's robust financial health and strategic growth initiatives.Record Third Quarter Revenues
PJT Partners reported record third quarter revenues of $326 million, up 17% year-on-year.
Strong 9-Month Financial Performance
9-month revenues were a record $1.016 billion, up 23% year-on-year. Adjusted pretax income up 32%, and adjusted EPS increased 35% from year-ago levels.
Successful Acquisition of deNovo Partners
PJT Partners closed the acquisition of deNovo Partners on October 1, expanding their geographic footprint and enhancing capabilities.
PJT Park Hill Revenue Growth
PJT Park Hill's revenues significantly higher than year-ago levels, fueled by significant growth in both primary and secondary businesses.
Restructuring Business Performance
Record levels of restructuring revenues for the first 9 months, with 2024 shaping up to be another record year.
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PJT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PJT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $140.86 | $138.45 | -1.71% |
| Jul 30, 2024 | $125.26 | $129.69 | +3.54% |
| May 02, 2024 | $92.98 | $97.87 | +5.26% |
| Feb 06, 2024 | $97.70 | $95.33 | -2.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does PJT Partners Inc (PJT) report earnings?
PJT Partners Inc (PJT) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is PJT Partners Inc (PJT) earnings time?
PJT Partners Inc (PJT) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PJT EPS forecast?
PJT EPS forecast for the fiscal quarter 2024 (Q4) is 1.13.
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