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.
|Metric||Expected||Prior Year||YoY Change|
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!
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%.
|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.
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:
|Last Reported Fiscal Period Key||FY2020.Q2|
|Period End Date||June 30, 2020|
|Stock Price (Current)||$67.01|
|P/E Ratio (Fwd)||11.9x|
|Total Debt / Total Capital||7.5%|
|Levered Free Cash Flow||$299 million|
|Price To Sales||3.1x|
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.