PJT Partners Third Quarter 2024 Earnings: Beats Expectations

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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