NASDAQ$PWP

Perella Weinberg Partners · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

PWP's third quarter results were released, showing a decrease in revenue compared to the same period last year, but supported by a diversified client base and product suite.

Perella Weinberg Partners reported Q3 2022 revenues of $145.4 million, a decrease of 18% compared to Q3 2021. The firm reported a GAAP net loss of $(12.9) million and an adjusted net income of $25.9 million for the quarter.

  • Third Quarter 2022 Revenues were $145.4 Million.
  • Adjusted Operating Income Margin was 16.9% for the Third Quarter 2022.
  • Adjusted Net Income was $25.9 Million for the Third Quarter 2022.
  • Adjusted EPS was $0.26 for the Third Quarter 2022.

Headline financials

Total Revenue

$145M

Previous: $177M-18.1%
EPS (adj)

$0.26

Previous: $0.26+0.0%
Capital Expenditures

-$8.23M

Previous: -$684K-1102.6%
Free Cash Flow

-$7.09M

Previous: $2.79M-353.8%
Net Income

$1.14M

Previous: $3.48M-67.2%
Operating Income

-$8.82M

Previous: -$10.3M+14.6%
Gross Profit

$159K

Previous: $177M-99.9%
Cash & Equivalents

$282M

Previous: $416M-32.3%
Total Assets

$632M

Previous: $664M-4.8%
Stock-Based Comp

$37.6M

Previous: $38.2M-1.6%

Revenue & EPS history

PWP · Revenue · Quarterly

$145M

Q3 2022-18.1%vs Q3 2021
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

PWP is committed to its capital return strategy and will continue to return all excess capital over the long-term.

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 Q3 2022

Historical avgQ3 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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