NYSE$PJT

PJT Partners Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

PJT Partners reported record Q4 2020 results driven by significant increases in both restructuring and strategic advisory revenues.

PJT Partners Inc. reported Total Revenues of $322 million for the fourth quarter of 2020, a 29% increase compared to the prior year quarter. GAAP Diluted EPS was $1.67 and Adjusted EPS was $1.81 for the quarter.

  • Total Revenues of $322 million, up 29% from a year ago
  • Advisory Revenues of $261 million, up 39%
  • Placement Revenues of $56 million, up 1%
  • GAAP Diluted EPS of $1.67 and Adjusted EPS of $1.81

Headline financials

Total Revenue

$322M

Previous: $249M+29.5%
EPS (adj)

$1.81

Previous: $1.02+77.5%
Net Income

$81.4M

Previous: $38M+114.0%
Operating Income

$94.6M

Previous: $48.9M+93.5%
Cash & Equivalents

$437M

Previous: $218M+101.1%

Revenue & EPS history

PJT · Revenue · Quarterly

$322M

Q4 2020+29.5%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

PJT · $317M total across 2 segments · Q4 2020

  • Advisory Fees
    $261M+38.6%
  • Placement Fees
    $56.2M+1.1%

Forward guidance

PJT Partners delivered record 2020 results. The company's culture of collaboration coupled with its unique combination of capabilities has enabled it to deliver exceptional performance, and they remain confident in their future growth 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 2020

Historical avgQ4 2020

+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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