NASDAQ$PWP
Perella Weinberg Partners · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Perella Weinberg's financial performance declined in Q1 2024 due to lower revenues.
Perella Weinberg Partners reported a decrease in revenues to $102.1 million, a 22% decrease compared to the first quarter of 2023. The company reported a GAAP diluted EPS of $(0.91) and an adjusted EPS of $(0.10). The company returned $32.2 million to equity holders through share repurchases and dividends.
- Revenues decreased by 22% year-over-year to $102 million.
- Adjusted Pre-Tax Loss was $(18) Million, while GAAP Pre-Tax Loss was $(51) Million.
- Adjusted EPS was $(0.10), and GAAP Diluted EPS was $(0.91).
- The company maintained a strong balance sheet with $157 million in cash and no debt.
Headline financials
Revenue & EPS history
PWP · Revenue · Quarterly
$102M
Forward guidance
CEO stated momentum continued across our businesses during the quarter. They advised on three of the fifteen announced transactions year-to-date valued over $10 billion and their announced and pending transaction revenue backlog today is at a record high.
Tailwinds
- Advised on three of the fifteen announced transactions year-to-date valued over $10 billion
- Announced and pending transaction revenue backlog today is at a record high
- Focused on executing clear and simple strategy to scale business
- Continue to advise clients on their most pressing strategic and financial priorities
- Returned $32 Million in Total to Equity Holders
Headwinds
- Revenues decreased by 22% year-over-year
- Adjusted Pre-Tax Loss of $(18) Million
- GAAP Pre-Tax Loss of $(51) Million
- Adjusted EPS of $(0.10)
- GAAP Diluted EPS of $(0.91)
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+1.6%
Avg return
Earnings day
+1.1%
Avg return
5 days after
-0.5%
Avg return
30 days after
60%
12 / 20 earnings
Positive
+11.7%
Q2 2022
Best reaction
-17.7%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -9.1% | -15.0% | -24.6% | |
| Q4 2025 | +8.0% | +10.1% | -20.1% | |
| Q3 2025 | -4.6% | +2.7% | -1.2% | |
| Q1 2025 | +2.4% | -2.8% | +0.7% | |
| Q4 2024 | -6.8% | -12.0% | -22.5% | |
| Q3 2024 | +6.7% | +4.9% | +7.2% | |
| Q2 2024 | -5.7% | -9.1% | +6.9% | |
| Q1 2024 | -2.7% | -0.6% | +2.7% | |
| Q4 2023 | +8.9% | +6.3% | +13.5% | |
| Q3 2023 | +6.4% | +2.2% | +17.7% | |
| Q2 2023 | +8.5% | +9.1% | +5.9% | |
| Q1 2023 | +10.5% | +10.5% | +13.3% | |
| Q4 2022 | +4.5% | +10.5% | -11.0% | |
| Q3 2022 | +5.9% | +6.2% | +25.7% | |
| Q2 2022 | +11.7% | +9.7% | -4.0% | |
| Q1 2022 | -17.7% | -17.4% | -5.6% | |
| Q4 2021 | +0.6% | -2.0% | -16.3% | |
| Q3 2021 | -2.0% | +0.1% | -15.6% | |
| Q2 2021 | +5.6% | +2.2% | +6.1% | |
| Q1 2021 | -0.2% | +5.9% | +10.8% |
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