NYSE$PJT

PJT Partners Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

PJT Partners Inc. reported a decrease in total revenues and pretax income, but showed growth in placement revenues for Q2 2022.

PJT Partners Inc. reported a 3% decrease in total revenues to $233 million for the second quarter of 2022, compared to $241 million in the prior year quarter. GAAP Pretax Income decreased by 17% to $44 million, and Adjusted Pretax Income decreased by 15% to $49 million. GAAP Diluted EPS and Adjusted EPS both decreased by 17% to $0.74 and $0.88, respectively.

  • Total Revenues decreased 3% to $233 million.
  • GAAP Pretax Income decreased 17% to $44 million.
  • Placement Revenues increased 23% to $49 million.
  • GAAP Diluted EPS decreased 17% to $0.74.

Headline financials

Total Revenue

$233M

Previous: $241M-3.1%
EPS (adj)

$0.88

Previous: $1.06-17.0%
Capital Expenditures

-$1.75M

Previous: -$1.85M+5.4%
Free Cash Flow

$17.4M

Previous: $21.3M-18.2%
Net Income

$19.2M

Previous: $23.1M-17.2%
Operating Income

$156M

Previous: $178M-12.1%
Gross Profit

$233M

Previous: $241M-3.1%
Cash & Equivalents

$182M

Previous: $212M-14.3%

Revenue & EPS history

PJT · Revenue · Quarterly

$233M

Q2 2022-3.1%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

PJT · $233M total across 3 segments · Q2 2022

  • Advisory Fees
    $187M-5.5%
  • Placement Fees
    $49.5M+22.8%
  • Interest Income & Other
    -$2.99M-210.7%

Forward guidance

PJT Partners did not provide specific forward guidance in this earnings report.

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 Q2 2022

Historical avgQ2 2022

+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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