PJT Partners (NYSE:PJT) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$326.3m (up 17% from 3Q 2023).
- Net income: US$22.2m (up 27% from 3Q 2023).
- Profit margin: 6.8% (up from 6.3% in 3Q 2023). The increase in margin was driven by higher revenue.
- EPS: US$0.87 (up from US$0.69 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PJT Partners Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 25%.
Looking ahead, revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's shares are down 4.8% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for PJT Partners you should know about.
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About NYSE:PJT
PJT Partners
An investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide.
Outstanding track record with flawless balance sheet.
