Exhibit 99.1 PJT Partners Inc. Reports Record Second Quarter and Six Months 2024 Results Second Quarter Overview Six Months Overview Capital Management and Balance Sheet Paul J. Taubman, Chairman and Chief Executive Officer, said, "Our firm delivered record second quarter and six months results with strong year-to-date performance in all our businesses. Our focus continues to be on investing to build the strongest firm for the long term as we continue to expand our industry expertise, our product capabiliti ...

Wall Street expects a year-over-year decline in earnings on lower revenues when PJT Partners (PJT) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. Zacks Consensus Estimate While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the imm ...

Have you been paying attention to shares of PJT Partners (PJT) ? Shares have been on the move with the stock up 13.7% over the past month. The stock hit a new 52-week high of $107.57 in the previous session. PJT Partners has gained 5.1% since the start of the year compared to the 3.8% move for the Zacks Finance sector and the 0.5% return for the Zacks Financial - Miscellaneous Services industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn' ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Sco ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Z ...

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 MARCH 31, 2024 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 jurisdiction ...

Financial Data and Key Metrics Changes - The company reported first quarter revenues of $329 million, up 65% year-over-year, marking the second highest revenue quarter ever [4][25] - Adjusted pre-tax income was $55 million, an increase of 81% from the previous year, with an adjusted EPS of $0.98, also up 81% [4][27] - The effective tax rate for the first quarter was 22%, down from 25.3% for the full year 2023 [8] Business Line Data and Key Metrics Changes - PJT Park Hill revenues increased significantly, driven by growth in Private Capital Solutions [10] - Restructuring revenues were up sharply year-over-year, indicating continued high levels of activity in liability management and in-court restructurings [31] - Strategic Advisory business saw strong revenue growth, with a record pre-announced pipeline and an increase in mandate count [32][33] Market Data and Key Metrics Changes - Global M&A volumes in 2023 were at a decade low, but there are signs of recovery driven by stronger economic indicators and rising equity valuations [13][58] - Year-to-date global annualized M&A activity is tracking modestly ahead of 2023 levels, with expectations of a 10% to 15% increase by year-end [39][58] Company Strategy and Development Direction - The company is focused on investing in its franchise and enhancing its Strategic Advisory footprint to capitalize on future market opportunities [24][14] - Management emphasized the importance of recruiting senior talent to position the company for a multiyear M&A upturn [33][39] Management's Comments on Operating Environment and Future Outlook - Management noted that while the near-term maturity wall has been addressed, another one looms in 2028, indicating a constructive restructuring environment [12] - The company expects restructuring revenues to remain elevated and approach last year's record performance [52] - There is a belief that the upcoming election may create volatility, impacting M&A activity, but post-election, activity is expected to increase [101] Other Important Information - The company repurchased approximately 1.5 million shares in the first quarter and plans to exchange 116,000 partnership units for cash [9] - The Board approved a dividend of $0.25 per share, to be paid on June 20, 2024 [29] Q&A Session Summary Question: What is the normalized revenue potential for PJT's Strategic Advisory business? - Management indicated that the current positioning is much stronger than in previous years, allowing for greater performance in a normalized environment [18][39] Question: How does the company view the current compensation ratio? - The current compensation expense ratio is 69.5%, slightly below last year's full-year ratio, with expectations that revenue growth will eventually exceed headcount growth [20][61] Question: What is the outlook for the restructuring business given recent record debt issuance? - Management expressed confidence in sustained elevated levels of restructuring activity due to ongoing disruptions in various sectors [45][74] Question: How does the company plan to utilize extra cash flow in the future? - The priority will be to neutralize dilution from equity issuances, with potential for both buybacks and dividend increases [96][97] Question: What impact is the upcoming election expected to have on M&A activity? - Management noted that while the election is creating some uncertainty, it is anticipated that M&A activity will increase post-election [101][102]

Company Overview - PJT Partners is a premier, global, advisory-focused investment bank with over $4 billion in strategic advisory[4] - The company has a broad suite of capabilities, advising on complex investor matters and liability management[10] - PJT Park Hill has raised over $490 billion in capital[86] Growth and Performance - The total partner count has increased by +161% since 2015[6] - Employee count has increased by +188% since 2015[6] - The company's revenues have increased by +216% since 2015, reaching $1,283 million in LTM 1Q24[6] - Adjusted EPS has increased by +140% since 2016, reaching $3.72 in LTM 1Q24[6] - Adjusted Pretax Income has increased by +395% since 2015, reaching $207 million in LTM 1Q24[6] Strategic Advisory - Strategic Advisory advises many of the world's most consequential companies[64] - The company has a growing roster of experienced practitioners in Strategic Advisory[22]

PJT Partners (PJT) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 117.78%. A quarter ago, it was expected that this investment bank would post earnings of $0.76 per share when it actually produced earnings of $0.96, delivering a surprise of 26.32%.Over the last four quarters, the com ...

Exhibit 99.1 PJT Partners Inc. Reports Record First Quarter 2024 Results First Quarter Overview Capital Management and Balance Sheet Paul J. Taubman, Chairman and Chief Executive Officer, said, "We reported our second highest revenue quarter ever, reflecting strong performance in all of our businesses. In addition to our strong results, we continue to see progress as measured by the success of our recruiting efforts, the maturation of our team, and the growing recognition of our brand. We continue to invest ...