NYSE$PJT

PJT Partners Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

PJT Partners reported record results driven by consistent progress across all businesses. The fourth quarter financial performance was the strongest in the company’s history.

PJT Partners Inc. reported a 42% increase in total revenues for the fourth quarter of 2019, reaching $248.7 million compared to $175.4 million in the prior year. GAAP diluted EPS was $0.69 and Adjusted EPS was $1.02 for the quarter.

  • Total Revenues of $248.7 million for fourth quarter 2019, up 42% from a year ago
  • Advisory Revenues of $188.2 million, up 42%
  • Placement Revenues of $55.6 million, up 44%
  • Fourth quarter GAAP Diluted EPS of $0.69 and Adjusted EPS of $1.02

Headline financials

Total Revenue

$249M

Previous: $175M+41.8%
EPS (adj)

$1.02

Previous: $0.60+70.0%
Net Income

$38M

No prior period
Operating Income

$48.9M

No prior period
Cash & Equivalents

$218M

No prior period

Revenue & EPS history

PJT · Revenue · Quarterly

$249M

Q4 2019+41.8%vs Q4 2018
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

PJT · $244M total across 2 segments · Q4 2019

  • Advisory Fees
    $188M+41.9%
  • Placement Fees
    $55.6M+44.2%

Forward guidance

PJT Partners begins 2020 with continued optimism about the firm’s prospects.

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 2019

Historical avgQ4 2019

+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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