PJT Partners Inc. (NYSE:PJT) is expected to report third quarter earnings results, before market open, on Tuesday 27th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.78 per share.
Looking ahead, the full year income are expected at $ 3.30 per share on the revenues of $ 842.89 million.
Previous Quarter Performance
PJT Partners Inc. communicated income for the second quarter of $ 1.00 per share, from the revenue of $ 232.56 million. The quarterly earnings boosted 96.08 percent while revenues raised 39.51 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.68 per share from $ 185.37 million in revenue. The bottom line results beat street analysts by $ 0.32 or 47.06 percent, at the same time, top line results outshined analysts by $ 47.19 million or 25.46 percent.
Stock Performance
Shares of PJT Partners Inc. traded up $ 0.33 or 0.49 percent on Friday, reaching $ 68.25 with volume of 59.00 thousand shares. PJT Partners Inc. has traded high as $ 68.85 and has cracked $ 67.29 on the downward trend
According to the previous trading day, closing price of $ 68.25, representing a 187.43 % increase from the 52 week low of $ 23.63 and a 2.27 % decrease over the 52 week high of $ 69.50.
The company has a market capital of $ 2.64 billion and is part of the Financial Services sector and Capital Markets industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by JMP Securities at Market Outperform rating, with $ 70.00 target price.
Conference Call
PJT Partners Inc. will be hosting a conference call at 8:30 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.pjtpartners.com
PJT Partners Inc., an investment bank, provides various strategic advisory, shareholder engagement, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales. The company also advices companies, creditors, and financial sponsors on recapitalizations, reorganizations, exchange offers, debt repurchases, capital raises, and distressed mergers and acquisitions.
