PJT Partners (PJT) Beats Q1 Earnings and Revenue Estimates

Company Performance - PJT Partners reported quarterly earnings of $1.05 per share, exceeding the Zacks Consensus Estimate of $0.94 per share, and up from $0.98 per share a year ago, representing an earnings surprise of 11.70% [1] - The company posted revenues of $324.53 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.03%, although this is a decline from year-ago revenues of $329.39 million [2] - Over the last four quarters, PJT Partners has consistently surpassed consensus EPS estimates and revenue estimates [2] Market Outlook - PJT Partners shares have declined approximately 14.2% since the beginning of the year, compared to a 6% decline in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $1.30 on revenues of $385 million, and for the current fiscal year, it is $5.80 on revenues of $1.63 billion [7] - The Zacks Industry Rank indicates that the Financial - Miscellaneous Services sector is currently in the bottom 45% of over 250 Zacks industries, which may negatively impact stock performance [8] Earnings Estimate Revisions - The trend for earnings estimate revisions for PJT Partners has been unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, suggesting expected underperformance in the near future [6] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which investors can track [5]