PJT Partners Inc. (PJT) Hit a 52 Week High, Can the Run Continue?

Stock Performance - PJT Partners' stock has risen by 7.8% over the past month and hit a new 52-week high of $137.06 [1] - The stock has gained 32.9% since the start of the year, outperforming the Zacks Finance sector (17.1%) and the Zacks Financial - Miscellaneous Services industry (12.7%) [1] Earnings and Revenue - PJT Partners has consistently beaten earnings consensus estimates in the last four quarters, with the latest EPS of $1.19 surpassing the estimate of $0.82 [2] - Revenue in the last earnings report exceeded the consensus estimate by 16.19% [2] - For the current fiscal year, the company is expected to post earnings of $4.35 per share on $1.39 billion in revenues, representing a 33.03% increase in EPS and a 20.36% increase in revenue [3] - For the next fiscal year, earnings are expected to rise to $5.40 per share on $1.56 billion in revenues, reflecting year-over-year changes of 24.14% and 12.68%, respectively [3] Valuation Metrics - PJT Partners trades at 31.1X current fiscal year EPS estimates, a premium to the peer industry average of 11.7X [7] - On a trailing cash flow basis, the stock trades at 18.9X versus the peer group's average of 8.9X [7] - The company has a Value Score of B, Growth Score of A, and Momentum Score of D, resulting in a VGM Score of A [6] Zacks Rank and Style Scores - PJT Partners holds a Zacks Rank of 2 (Buy) due to favorable earnings estimate revisions [8] - The stock fits the criteria for investment with a Zacks Rank of 1 or 2 and Style Scores of A or B [8] Industry Comparison - StoneX Group Inc (SNEX), a peer in the industry, has a Zacks Rank of 2 (Buy) and a Value Score of A, Growth Score of A, and Momentum Score of F [9] - SNEX beat the consensus earnings estimate by 7.30% last quarter and is expected to post earnings of $7.40 per share on revenue of $3.33 billion for the current fiscal year [10] - SNEX shares have gained 2.5% over the past month and trade at a forward P/E of 11.3X and a P/CF of 8.1X [10] - The Financial - Miscellaneous Services industry is in the top 22% of all industries, indicating favorable conditions for both PJT and SNEX [11]