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PJT Q3 Earnings: Can NYSE:PJT Hit Its $0.78 EPS Target?

in EARNINGS/INVESTING IDEAS by

PJT Partners Inc. (NYSE:PJT) is scheduled to report Q3 earnings results on October 27, 2020.

The company is expected to report earnings of $0.78/share on revenue of $200 million. The consensus earnings per share (EPS) of $0.78/share is based on a poll of 4 analysts and represents a growth in eps of 29.6% over the same quarter last year, when the company reported earnings of $0.60/share.

The revenue forecast of $200 million based on a poll of 4 analysts implies a year-over-year (YoY) growth in revenue of 14.8%. Last year the company reported $174.2 million in revenue for the quarter.

Expected to report EPS growth of 29.6% for Q3, 2020
Metric Expected Prior Year YoY Change
Revenue $200.01 $174.23 14.8%
EPS $0.78 $0.60 29.6%

Earnings Call Trends

Historically, management has exceeded analyst expectations 6 out of the last 8 tracked quarters, and missed expectations 2 quarters.

What are your expectations from PJT Partners Inc. for earnings this quarter? Let us know in the comments!

Analyst Expected vs. Reported EPS
Quarter Expected Reported Surprise Result
Q2, 2020 $0.68 $1 47.1% Beat
Q1, 2020 $0.45 $0.71 56.6% Beat
Q4, 2019 $0.91 $1.02 12.5% Beat
Q3, 2019 $0.54 $0.60 11.6% Beat
Q2, 2019 $0.33 $0.51 53.4% Beat
Q1, 2019 $0.40 $0.28 −29.6% Missed
Q4, 2018 $0.78 $0.60 −23.5% Missed
Q3, 2018 $0.37 $0.44 18.1% Beat

In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending June 30, 2020, the stock price reacted by increasing 2.8%.

Stock Price Performance After Earnings
Report Date Price Day Prior Price Next Day Change % Result
July 28, 2020 $53.23 $54.70 2.8% Increase
April 28, 2020 $47.46 $52.76 11.2% Increase
February 6, 2020 $48.56 $51.08 5.2% Increase
October 29, 2019 $39.60 $42.30 6.8% Increase

Fundamentals And Technical Analysis

PJT Partners Inc. is currently trading at $67.01/share, up 0.1% for the day. The company is trading at approximately 97.1% of its 52-week high of $69.04/share. The company’s stock price is up 22.5% since the last earnings report and down 0.0% over the previous week.

The company’s 14 Day Relative Price Index (RSI) of 66.33 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.


NYSE:PJT Stock Price Chart
Source: Finbox

The current share price implies a price-to-earnings (P/E) multiple of 25.13 and a forward P/E multiple of 11.92.

PJT Partners Inc.’s current share price also implies a price-to-book (P/B) multiple of 21.40. The following table summarizes some other key fundamental ratios:

Data as of October 21, 2020
Metric Value
Last Reported Fiscal Period Key FY2020.Q2
Period End Date June 30, 2020
Stock Price (Current) $67.01
P/E Ratio 25.1x
P/E Ratio (Fwd) 11.9x
PEG Ratio 0.1
Total Debt / Total Capital 7.5%
Levered Free Cash Flow $299 million
Price To Sales 3.1x

Finbox

PJT Partners Inc. is a small-cap stock with a market capitalization of $1.61 billion. The company operates in the Financials sector and the Capital Markets industry.

PJT Partners Inc., an investment bank, provides various strategic and shareholder advisory, restructuring and special situations, and private fund advisory and fundraising services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales. The company also advices companies, creditors, and financial sponsors on exchanges, recapitalizations, reorganizations, debt repurchases, and distressed mergers and acquisitions. In addition, it offers private fund advisory and fundraising services for various investment strategies, including private equity, hedge fund, real estate, and secondary advisory groups. The company was formerly known as Blackstone Advisory Inc. and changed its name to PJT Partners Inc. in March 2015. PJT Partners Inc. was incorporated in 2014 and is headquartered in New York, New York.

Expertise: financial technology, analyzing market trends. Brian is a founder at finbox.io, where he’s focused on building tools that make it faster and easier for investors to research stock fundamentals. Brian’s background is in physics & computer science and previously worked as a software engineer at GE Healthcare. He enjoys applying his expertise in technology to help find market trends that impact investors. Brian can be reached at brian@finbox.io or at +1 (516) 778-6257.

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