NYSE$PJT

PJT Partners Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

PJT Partners' first quarter results were reported, showing revenue increase and earnings growth.

PJT Partners reported a 3% increase in total revenues to $207 million for Q1 2021, with GAAP diluted EPS of $1.03 and adjusted EPS of $0.89, representing increases of 43% and 25%, respectively. The company's balanced business model drove strong revenues and meaningful growth in pretax income and earnings per share.

  • Total Revenues increased by 3% year-over-year to $207 million.
  • Advisory Revenues decreased slightly by 3% to $153 million.
  • Placement Revenues increased significantly by 29% to $50 million.
  • GAAP Diluted EPS increased by 43% to $1.03, and Adjusted EPS increased by 25% to $0.89.

Headline financials

Total Revenue

$207M

Previous: $200M+3.3%
EPS (adj)

$0.89

Previous: $0.71+25.4%
Capital Expenditures

-$43K

Previous: -$5.36M+99.2%
Free Cash Flow

$26.6M

Previous: $13.5M+97.4%
Net Income

$26.7M

Previous: $18.9M+41.5%
Operating Income

$147M

Previous: $129M+13.7%
Gross Profit

$207M

Previous: $200M+3.3%
Cash & Equivalents

$172M

Previous: $113M+52.9%

Revenue & EPS history

PJT · Revenue · Quarterly

$207M

Q1 2021+3.3%vs Q1 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

PJT · $207M total across 3 segments · Q1 2021

  • Advisory Fees
    $153M-2.6%
  • Placement Fees
    $50.4M+29.2%
  • Interest Income & Other
    $3.72M-19.0%

Forward guidance

PJT Partners remains confident in their future growth prospects regardless of market environment, given the strength of their complementary businesses.

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 2021

Historical avgQ1 2021

+1.5%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+2.8%

Avg return

30 days after

62%

26 / 42 earnings

Positive

+14.0%

Q4 2016

Best reaction

-11.6%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.1%-0.6%-0.2%
Q4 2025-7.5%-6.6%-16.1%
Q3 2025+0.6%+2.6%+5.1%
Q1 2025+4.5%+6.0%+11.5%
Q4 2024+5.1%+5.0%-10.4%
Q3 2024-2.3%-1.0%+17.1%
Q2 2024+5.7%-2.5%-2.2%
Q1 2024+6.4%+6.3%+14.0%
Q4 2023-4.9%-1.2%+1.1%
Q3 2023+10.0%+13.4%+22.9%
Q2 2023+5.7%-0.1%-3.1%
Q1 2023-11.6%-10.9%-4.2%
Q4 2022-5.0%-3.1%-5.1%
Q3 2022-5.3%-3.0%+3.8%
Q2 2022+3.0%+4.9%+7.0%
Q1 2022+4.0%+1.0%+13.9%
Q4 2021-8.4%-9.1%-13.9%
Q3 2021-10.3%-8.1%-9.3%
Q2 2021+3.0%+0.3%+6.4%
Q1 2021+5.1%-0.3%-0.5%
Q4 2020-1.5%-3.6%-10.3%
Q3 2020+1.2%-1.0%+4.6%
Q2 2020+2.8%+0.6%+11.1%
Q1 2020+11.2%-0.9%+15.5%
Q4 2019+5.2%+8.2%-10.9%
Q3 2019+6.8%+4.9%+8.7%
Q2 2019+12.2%+7.3%+10.3%
Q1 2019+1.3%+4.2%-14.4%
Q4 2018-0.4%-0.3%-7.6%
Q3 2018+6.2%+7.0%+11.2%
Q2 2018+7.0%+3.8%+5.9%
Q1 2018-2.3%-5.2%-0.4%
Q4 2017+3.7%+6.3%+10.4%
Q3 2017-3.2%-2.2%+8.9%
Q2 2017-7.4%-6.9%-10.8%
Q1 2017+5.4%+4.4%+14.6%
Q4 2016+14.0%+18.4%+21.3%
Q3 2016-3.4%-2.0%+6.8%
Q2 2016-4.2%-7.8%-5.3%
Q1 2016+9.1%
Q4 2015+1.6%
Q3 2015+0.2%
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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