NASDAQ$PWP

Perella Weinberg Partners · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Perella Weinberg reported record revenues, driven by increased M&A and financing activity.

Perella Weinberg Partners reported a strong third quarter with revenues up 100% year-over-year, driven by increased mergers and acquisition and financing and capital solutions activity. Adjusted EPS was $0.34, and the company declared a quarterly dividend of $0.07 per share.

  • Revenues increased by 100% compared to the same quarter last year.
  • Adjusted EPS reached $0.34.
  • The company maintains a strong balance sheet with $335 million in cash and no debt.
  • A quarterly dividend of $0.07 per share was declared.

Headline financials

Total Revenue

$278M

Previous: $139M+100.2%
EPS

$0.24

Previous: $0.12+100.0%
Capital Expenditures

-$15.7M

Previous: -$45.5M+65.5%
Free Cash Flow

$653K

Previous: -$47.6M+101.4%
Net Income

$16.4M

Previous: -$2.05M+898.9%
Operating Income

$35.9M

Previous: -$26.7M+234.5%
Gross Profit

$0.00

Previous: $106K-100.0%
Stock-Based Comp

$28.6M

Previous: $43.4M-34.2%

Revenue & EPS history

PWP · Revenue · Quarterly

$278M

Q3 2024+100.2%vs Q3 2023
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the document.

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 2024

Historical avgQ3 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

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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