PJT Partners (US:PJT) ZACKS·2024-10-29 13:01Earnings Performance - PJT Partners reported quarterly earnings of $0 93 per share, beating the Zacks Consensus Estimate of $0 74 per share, representing a 25 68% earnings surprise [1] - The company's earnings per share (EPS) increased from $0 78 per share a year ago [1] - Over the last four quarters, PJT Partners has surpassed consensus EPS estimates four times [2] Revenue Performance - PJT Partners posted revenues of $326 32 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 14 10% [2] - This compares to year-ago revenues of $278 36 million [2] - The company has topped consensus revenue estimates four times over the last four quarters [2] Stock Performance - PJT Partners shares have added about 38 5% since the beginning of the year, outperforming the S&P 500's gain of 22 1% [3] - The stock's immediate price movement will depend on management's commentary on the earnings call [3] Earnings Outlook - The current consensus EPS estimate is $1 43 on $412 million in revenues for the coming quarter and $4 35 on $1 39 billion in revenues for the current fiscal year [7] - The estimate revisions trend for PJT Partners is mixed, translating into a Zacks Rank 3 (Hold) [6] Industry Context - PJT Partners belongs to the Zacks Financial - Miscellaneous Services industry, which is currently in the bottom 43% of the 250 plus Zacks industries [8] - The top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8] Peer Comparison - Axos Financial (AX), another stock in the same industry, is expected to post quarterly earnings of $1 80 per share, representing a year-over-year change of +27 7% [9] - Axos Financial's revenues are expected to be $299 59 million, up 22% from the year-ago quarter [10] - The consensus EPS estimate for Axos Financial has been revised 0 4% lower over the last 30 days [9]