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PJT Partners Inc (PJT)
NYSE:PJT
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.2Last Year’s EPS
0.98Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: -15.23%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a predominantly positive outlook with record financial performance across multiple segments, significant cash flow, and strategic achievements. However, it acknowledges challenges such as increased expenses and a tough primary fundraising environment.Company Guidance
During the PJT Partners Fourth Quarter 2024 Earnings Call, several key metrics highlighted the firm's record-setting performance. Full-year revenues reached $1.49 billion, marking a 29% increase from the previous year. Adjusted pre-tax income rose by 52% to $278 million, while adjusted EPS increased by 54% to $5.02 per share. The firm's cash flow generation enabled a $333 million share repurchase, concluding the year with a cash balance of $547 million. The adjusted compensation expense was $1.30 billion, with a compensation ratio of 69% for the year, slightly down from 69.8% in 2023. Their adjusted non-compensation expense rose by 12% to $185 million. The effective tax rate for the year was 20.6%, benefiting from the delivery of vested shares. PJT's restructuring business ranked number one globally, and the Strategic Advisory and PJT Park Hill segments achieved record revenues, showcasing broad-based success across all divisions.Record-Breaking Financial Performance
Full-year 2024 revenues reached $1.49 billion, up 29% year-on-year. Adjusted pre-tax income was $278 million, up 52% year-on-year. Adjusted EPS was $5.02 per share, up 54% year-on-year.
Strong Cash Flow and Share Repurchases
Generated substantial free cash flow, enabling $333 million in share repurchases and ending the year with a record cash balance of $547 million.
Restructuring Business Success
Global restructuring business ranked number one in announced restructurings globally and in the U.S., delivering record results surpassing prior performance.
Record Results in Strategic Advisory and PJT Park Hill
Strategic Advisory delivered record results in 2024, surpassing previous records. PJT Park Hill saw meaningful increases in capital raised and revenues despite declining global primary fundraising volumes.
Positive Outlook for 2025
Expectation of higher global M&A activity in 2025 with continued strong performance in restructuring and Private Capital Solutions.
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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 |
|---|---|---|---|
| Feb 04, 2025 | $165.05 | $173.48 | +5.11% |
| Oct 29, 2024 | $140.62 | $138.22 | -1.71% |
| Jul 30, 2024 | $125.05 | $129.47 | +3.53% |
| May 02, 2024 | $92.82 | $97.71 | +5.27% |
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 May 06, 2025, TBA Not Confirmed.
What is PJT Partners Inc (PJT) earnings time?
PJT Partners Inc (PJT) earnings time is at May 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 2025 (Q1) is 1.2.
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