Key Takeaways Stocks like EVER, INOD, PJT and GCT were screened for strong liquidity and asset efficiency.The screen narrowed 7,700 stocks to six, with these four meeting strict efficiency and growth criteria.Each stock also boasts higher asset utilization than its industry average and solid growth attributes.Liquidity indicates a company’s capability to meet debt obligations by converting its assets into liquid cash and equivalents. A company with adequate liquidity always has the potential to deliver high ...

Investors might want to bet on PJT Partners (PJT) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual in ...

Core Insights - Five stocks have been added to the Zacks Rank 1 (Strong Buy) List, indicating strong potential for investment Group 1: Company Earnings Estimates - Encore Capital Group, Inc. (ECPG) has seen its earnings estimate increase by 18.5% over the last 60 days [1] - PJT Partners Inc. (PJT) has experienced a 9.6% increase in its earnings estimate over the last 60 days [2] - Everus Construction Group, Inc. (ECG) has had its earnings estimate rise by 11.6% in the past 60 days [3] - United Fire Group, Inc. (UFCS) has seen a significant increase of 29.7% in its earnings estimate over the last 60 days [3] - BioLife Solutions, Inc. (BLFS) has experienced the largest increase, with a 40% rise in its earnings estimate over the last 60 days [4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-36869 PJT Partners Inc. (Exact name of registrant as specified in its charter) Delaware 36-4797143 (State or other jurisdic ...

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PJT Partners (NYSE:PJT) Q3 2025 Earnings Call November 04, 2025 08:30 AM ET Company ParticipantsDevin Ryan - Director of Financial Technology ResearchJames Yaro - VP Equity ResearchHelen Meates - CFOPaul Taubman - Chairman and CEOBrendan O'Brien - Senior VPConference Call ParticipantsBrennan Hawken - Senior Equity Research AnalystAlex Bond - Senior Research AnalystOperatorGood morning. Welcome to the PJT Partners' third quarter and nine months 2025 earnings conference call. Joining the earnings conference c ...

Financial Data and Key Metrics Changes - Third quarter revenue reached $447 million, up 37% year-over-year, while nine-month revenues increased 16% to $1.18 billion [3][5] - Adjusted pre-tax income for the third quarter was $94 million, up 86%, and for the nine months, it increased 34% [3][8] - Adjusted EPS for the third quarter was $1.85, up 99%, and for the nine months, it was $4.43, up 43% [9] Business Line Data and Key Metrics Changes - Strategic Advisory revenues significantly increased for both the third quarter and nine months, contributing to overall revenue growth [5][14] - Restructuring revenues rose slightly in both periods, while PJT Partners' revenues were flat in the third quarter and down modestly for the first nine months [5][12] Market Data and Key Metrics Changes - The macro environment has improved, with equity prices near record highs and low volatility in equities and credit [3][4] - The IPO market has reopened, contributing to M&A recovery, although geopolitical uncertainties and high interest rates pose risks [4][11] Company Strategy and Development Direction - The company aims to be the world's best investment bank, focusing on building a next-generation investment bank that addresses complex challenges with creative solutions [15] - Continued investment in Strategic Advisory and expansion into global markets are key growth strategies [22][12] Management's Comments on Operating Environment and Future Outlook - Management expresses tempered optimism about the near-to-intermediate operating environment, acknowledging risks such as geopolitical uncertainty and high interest rates [4][16] - The company expects restructuring results to meet or exceed last year's record levels, driven by ongoing demand [11] Other Important Information - The company ended the quarter with $520 million in cash and no funded debt outstanding [10] - A quarterly dividend of $0.25 per share has been approved by the board [10] Q&A Session Summary Question: Restructuring outlook and market position - Management sees no reduction in restructuring activity and expects elevated levels to continue, driven by various growth pillars [20][21] Question: Partner productivity and revenue expectations - Management does not focus on specific revenue per partner numbers but emphasizes the importance of hiring impactful individuals [24][27] Question: Impact of government shutdown on business - Management believes the shutdown will not significantly affect business but is concerned about broader macroeconomic implications [32][33] Question: Primary fundraising outlook - Management notes that while fundraising is improving, increased competition may arise as more firms seek to tap the market [34][35] Question: Operating leverage and pre-tax margin outlook - Management expects continued operating leverage and margin improvement, emphasizing long-term growth over short-term metrics [39][41] Question: Divergence of deal value versus deal count - Management attributes the increase in larger transactions to a favorable regulatory environment and anticipates a reset in sponsor activity to improve transaction counts [49][51] Question: Credit backdrop and restructuring activity - Management highlights the potential for increased restructuring needs due to technological dislocation and changing market dynamics [65][66] Question: Pull forward in revenue - Management indicated a modest pull forward of $8 million this quarter, similar to the previous year [73]

Financial Data and Key Metrics Changes - The company reported record results for the third quarter with revenue of $447 million, up 37% year-over-year, and adjusted pre-tax income of $94 million, up 86% [3][5] - Adjusted EPS for the third quarter was $1.85, reflecting a 99% increase from the previous year [3][8] - For the nine months ended September 30, total revenues were $1.179 billion, up 16% year-over-year, with adjusted pre-tax income increasing by 34% [5][8] Business Line Data and Key Metrics Changes - Strategic advisory revenues significantly increased for both the third quarter and the first nine months, contributing to overall revenue growth [5][12] - Restructuring revenues rose slightly in both periods, while PJT Partners' revenues were flat in the third quarter and down modestly for the first nine months [5][10] Market Data and Key Metrics Changes - The macro environment has improved, with equity prices near record highs and low volatility across equities and credit [3][4] - The IPO market has reopened, contributing to a recovery in M&A activity, although the overall number of transactions has declined despite larger deal sizes increasing by almost 40% [3][12] Company Strategy and Development Direction - The company aims to be the world's best investment bank, focusing on building a next-generation investment bank that addresses complex challenges with creative solutions [13][14] - Continued investment in strategic advisory and expansion into global markets are key growth pillars [21][12] Management's Comments on Operating Environment and Future Outlook - Management expressed tempered optimism about the near-to-intermediate operating environment, citing risks such as geopolitical uncertainty and high interest rates [4][10] - The restructuring team is expected to remain active, addressing liability management opportunities due to concentrated stress in certain industries [10][11] Other Important Information - The company ended the quarter with $520 million in cash and no funded debt outstanding, and a quarterly dividend of $0.25 per share was approved [9] - The effective tax rate for the first nine months of 2025 was 15.5%, slightly below previous estimates [7][8] Q&A Session Summary Question: Outlook on restructuring activity - Management indicated that restructuring activity remains high, with expectations to meet or exceed last year's record results despite mixed trends in the broader market [19][20] Question: Partner productivity and revenue per partner - Management does not focus on specific revenue targets per partner but emphasizes hiring impactful individuals to enhance overall financial results [22][25] Question: Impact of government shutdown - Management believes the government shutdown will not significantly affect business operations but is concerned about broader macroeconomic implications [30][31] Question: Primary fundraising outlook - Management noted that while primary fundraising is improving, increased competition may arise as more firms seek to tap the market [32] Question: Operating leverage and pre-tax margin outlook - Management expects further margin improvement as revenue growth continues, emphasizing the importance of managing for long-term value [36][42] Question: Divergence of deal value versus deal count - Management highlighted that favorable regulatory conditions are skewing activity towards larger transactions, which may not reflect in the overall number of deals [47][48] Question: Credit backdrop and restructuring activity - Management expressed concerns about credit pricing and the potential for increased restructuring needs due to technological dislocation and market changes [60][62]

PJT Partners (PJT) came out with quarterly earnings of $1.85 per share, beating the Zacks Consensus Estimate of $1.24 per share. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +49.19%. A quarter ago, it was expected that this investment bank would post earnings of $1.36 per share when it actually produced earnings of $1.54, delivering a surprise of +13.24%.Over the last four quarters, the co ...

Notices and Disclaimers Who We Are November 4, 2025 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include certain information concerning future results of operations, business strategies, acquisitions, financing plans, competitive position, potential growth opportunities, potential operating performance ...