PJT Earnings Prediction
The chart below shows how PJT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PJT sees a -0.45% change in stock price 10 days leading up to the earnings, and a +2.88% change 10 days following the report. On the earnings day itself, the stock moves by +0.09%. This data can give you a slight idea of what to expect for the next quarter's release.
PJT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
326.32M
17.23%
-9.40%
Gross Margin
--
--
--
Operating Margin
18.23%
2.30%
-8.16%
Net Margin
12.59%
12.51%
-14.47%
EPS
0.79
16.18%
-25.47%
No Data Available
PJT Earnings Analysis
PJT Partners Inc. Corporation (PJT.N) Earnings Conference Call
Positive
Record Third Quarter Revenues: Reported strong results with record third quarter revenues of $326 million, up 17% year-over-year.
Income and EPS Growth: Adjusted pre-tax income increased by 16% and adjusted EPS rose by 19% from year-ago levels.
Record Revenue Increase: Nine-month revenues reached a record $1.016 billion, reflecting a 23% year-over-year increase.
Third Quarter Revenue Increase: Total revenues for the third quarter were $326 million, up 17% year-over-year, with significant growth in both primary and secondary businesses.
Record Cash and Dividend Approval: The company ended the quarter with a record $477 million in cash and equivalents, and the Board approved a dividend of $0.25 per share.
Negative
Strategic Advisory Revenue Decline: PJT Partners reported a decrease in strategic advisory revenues, which decreased slightly compared to the previous year, indicating a potential slowdown in this segment.
Acquisition Integration Challenges: The company closed its deNovo Partners acquisition on October 1st, which may lead to integration challenges and potential disruptions in operations.
High Operating Expense Ratio: Operating expenses for the first nine months of the year were reported at 69.5% of revenues, indicating a high cost structure that could impact profitability.
Tax Rate Adjustment: The effective tax rate for the first nine months of 2024 was 21%, slightly below the previous estimate of 22%, suggesting potential tax liabilities that could affect net income.
M&A Market Recovery Outlook: The company acknowledged that the M&A market is slowly recovering, but many elements are still in place for a more active environment in 2025, indicating uncertainty in future growth.
PJT FAQs
How does PJT typically perform around its earnings report dates?
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PJT Earning Call Sentiment
PJT Partners, Inc. (PJT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
PJT.N
-3.16%Positive
The earnings call summary presents strong financial performance with revenue and EPS growth, positive shareholder returns via increased dividends and share repurchases, and optimistic future guidance. The Q&A section supports this with confidence in strategic advisory growth and the impact of the deNovo acquisition. Despite some competitive pressures and macroeconomic challenges, the overall sentiment is positive. Considering the market cap of $2.57 billion, the stock is likely to react positively, with a predicted movement of 2% to 8% over the next two weeks.
