NYSE$PJT
PJT Partners Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported a revenue increase of 5% year-over-year, driven by advisory services.
PJT Partners Inc. reported a 5% increase in revenue for the third quarter of 2023, reaching $278 million. The growth was primarily driven by an increase in advisory revenues, which offset declines in placement revenues. The company's GAAP diluted EPS was $0.68, and adjusted EPS was $0.78. They held $355 million in cash, cash equivalents and short-term investments with no funded debt.
- Revenues reached $278 million, a 5% increase year-over-year.
- GAAP diluted EPS was $0.68, while adjusted EPS was $0.78.
- Advisory revenues increased by 9% to $244 million.
- The company held $355 million in cash, cash equivalents and short-term investments with no funded debt.
Headline financials
Revenue & EPS history
PJT · Revenue · Quarterly
$278M
Revenue by segment
PJT · $278M total across 3 segments · Q3 2023
- Advisory Fees$244M+8.8%87.7%
- Placement Fees$26.7M-32.8%9.6%
- Interest Income & Other$7.57M+272.2%2.7%
Forward guidance
PJT Partners will host a conference call on October 31, 2023, at 8:30 a.m. ET to discuss its third quarter 2023 results.
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 2023
+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
| Quarter | Report date | Reaction (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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