NASDAQ$PWP

Perella Weinberg Partners · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported record full year revenues and announced share repurchase authorization.

Perella Weinberg Partners reported a 5% increase in fourth-quarter revenues to $198.9 million compared to $189.1 million in the fourth quarter of 2020. The firm's GAAP net loss was $(18.0) million, while adjusted net income was $38.4 million for the quarter. The company announced a share repurchase authorization of $100 million and declared a quarterly dividend of $0.07 per share.

  • Revenues increased by 5% compared to the same period in 2020, reaching $198.9 million.
  • GAAP net loss was $(18.0) million, while adjusted net income reached $38.4 million.
  • The company continues to expand coverage and expertise across sectors, products, and geographies.
  • A share repurchase authorization of $100 million was announced.

Headline financials

Total Revenue

$199M

No prior period
EPS (adj)

$0.33

No prior period
Capital Expenditures

$778K

No prior period
Free Cash Flow

$108M

No prior period
Net Income

-$18M

No prior period
Operating Income

-$619K

No prior period
Gross Profit

$199M

No prior period
Cash & Equivalents

$503M

No prior period
Total Assets

$718M

No prior period
Stock-Based Comp

$45.6M

No prior period

Revenue & EPS history

PWP · Revenue · Quarterly

$199M

Q4 2021
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

PWP is focused on building long-term shareholder value, providing first-class advice to clients, adding and developing exceptional talent, demonstrating margin discipline, and returning capital to shareholders.

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 Q4 2021

Historical avgQ4 2021

+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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