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Perella Weinberg Partners (PWP)
NASDAQ:PWP
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.21Last Year’s EPS
0.08Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2021
|% Change Since: 8.19%
|Next Earnings Date:Aug 12, 2021
Earnings Call Sentiment|Positive
The earnings call reflected a strong positive performance with record revenue growth and strategic investments in talent, despite some challenges in recruiting and a flat Q4 revenue outlook. The overall sentiment is positive as the firm is well-positioned for continued growth in a recovering market.Company Guidance
During the third quarter of 2024, Perella Weinberg Partners (PWP) reported record revenues of $278 million, marking a 100% increase year-over-year, and year-to-date revenues of $652 million, up 50% over the same period last year. The company achieved an adjusted compensation ratio of 68% for the first nine months and an adjusted non-compensation expense of $38 million for the quarter, with a year-to-date figure of $116 million. The adjusted tax rate stood at 29%, with expectations of it remaining below 30% for the full year. By the end of the quarter, PWP had 57 million shares of Class A common stock and approximately 31 million partnership units outstanding. The firm maintained a strong cash position with $335 million in cash, cash equivalents, and short-term investments, and declared a quarterly dividend of $0.07 per share. Despite a slight reduction in recruiting pace, the firm is focused on expanding its client footprint and remains optimistic about future growth in M&A activities and related services.Record Revenue Growth
The company reported revenues of $278 million in Q3, up 100% year-over-year. Year-to-date revenues reached $652 million, marking a 50% increase year-over-year, the highest for the first nine months in the firm's history.
Strong Cash Position
Ended the quarter with $335 million in cash, cash equivalents, and short-term investments, and no debt.
Dividend Declaration
Declared a quarterly dividend of $0.07 per share.
Strategic Talent Investments
Added two partners in key sectors and continued investment at the managing director level to enhance client coverage.
Growth in Non-M&A Businesses
Significant growth in restructuring and liability management services, contributing to overall business expansion.
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PWP 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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PWP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $23.81 | $24.36 | +2.31% |
| Aug 02, 2024 | $18.17 | $17.73 | -2.42% |
| May 03, 2024 | $14.87 | $14.56 | -2.08% |
| Feb 08, 2024 | $11.56 | $12.28 | +6.23% |
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 Perella Weinberg Partners (PWP) report earnings?
Perella Weinberg Partners (PWP) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Perella Weinberg Partners (PWP) earnings time?
Perella Weinberg Partners (PWP) 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 PWP EPS forecast?
PWP EPS forecast for the fiscal quarter 2024 (Q4) is 0.21.
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