NASDAQ$PWP

Perella Weinberg Partners · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Perella Weinberg Partners reported results, showing a decrease in revenues and a GAAP net loss compared to the previous year, while continuing to expand the partnership and return capital to shareholders.

Perella Weinberg Partners reported a decrease in Q4 revenues to $183.1 million from $198.9 million in the prior year. The firm experienced a GAAP net loss of $22.6 million, and an adjusted net income of $12.0 million. Despite the challenging economic environment, PWP continued to grow its partnership and returned capital to shareholders.

  • Q4 2022 revenues were $183.1 million, compared to $198.9 million for Q4 2021.
  • GAAP net loss for Q4 2022 was $(22.6) million, compared to $(18.0) million for Q4 2021.
  • Adjusted net income for Q4 2022 was $12.0 million, compared to $38.4 million for Q4 2021.
  • The company declared a quarterly dividend of $0.07 per share.

Headline financials

Total Revenue

$183M

Previous: $199M-7.9%
EPS (adj)

$0.11

Previous: $0.33-66.7%
Capital Expenditures

$18.3M

Previous: $778K+2256.6%
Free Cash Flow

$62.6M

Previous: $108M-42.1%
Net Income

-$22.6M

Previous: -$18M-25.4%
Operating Income

-$19.5M

Previous: -$619K-3057.2%
Gross Profit

$183M

Previous: $199M-7.9%
Cash & Equivalents

$312M

Previous: $503M-38.0%
Total Assets

$717M

Previous: $718M-0.2%
Stock-Based Comp

$40.5M

Previous: $45.6M-11.3%

Revenue & EPS history

PWP · Revenue · Quarterly

$183M

Q4 2022-7.9%vs Q4 2021
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

PWP enters 2023 with momentum and a continued focus on scaling its platform over the longer-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 Q4 2022

Historical avgQ4 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro