PJT Partners Inc. (PJT) Hits Fresh High: Is There Still Room to Run?

Stock Performance - PJT Partners' stock has risen by 15.4% over the past month and hit a new 52-week high of $163.54 [1] - The stock has gained 60.5% since the start of the year, outperforming the Zacks Finance sector (24.1%) and the Zacks Financial - Miscellaneous Services industry (17.7%) [1] Earnings and Revenue - PJT Partners has consistently beaten earnings estimates, with no misses in the last four quarters [2] - In the last earnings report, the company reported EPS of $0.93 versus the consensus estimate of $0.74 [2] - For the current fiscal year, PJT Partners is expected to post earnings of $4.40 per share on $1.42 billion in revenues, representing a 34.56% change in EPS and a 23.22% change in revenues [3] - For the next fiscal year, the company is expected to earn $5.40 per share on $1.62 billion in revenues, representing year-over-year changes of 22.73% and 13.65%, respectively [3] Valuation Metrics - PJT Partners trades at 37.2X current fiscal year EPS estimates, a premium to the peer industry average of 13.1X [7] - On a trailing cash flow basis, the stock trades at 22.9X versus its peer group's average of 9.5X [7] - The company has a Value Score of C, Growth Score of B, and Momentum Score of F, resulting in a VGM Score of B [6] Zacks Rank and Style Scores - PJT Partners currently has a Zacks Rank of 2 (Buy) due to rising earnings estimates [8] - The company's Style Scores (Value, Growth, Momentum) and Zacks Rank suggest it could still be poised for more gains [8] Industry Comparison - The Financial - Miscellaneous Services industry is in the top 31% of all industries, indicating favorable conditions for PJT Partners and its peers [11] - WisdomTree, Inc. (WT), a peer company, has a Zacks Rank of 2 (Buy) and a Value Score of C, Growth Score of B, and Momentum Score of B [9] - WisdomTree, Inc. beat earnings estimates by 5.88% last quarter and is expected to post earnings of $0.74 per share on revenue of $429.19 million for the current fiscal year [10] - WisdomTree, Inc.'s stock has gained 10.1% over the past month and trades at a forward P/E of 16.73X and a P/CF of 21.79X [10]