PJT Partners (PJT) Misses Q1 EPS by 15c, Miss on Revenues

PJT Partners (NYSE: PJT) reported Q1 EPS of $0.44, $0.15 worse than the analyst estimate of $0.59. Revenue for the quarter came in at $134 million versus the consensus estimate of $142.97 million.

Overview

• Total Revenues of $134.0 million for first quarter 2018, up 11% from $121.0 million in the prior year
• Advisory Revenues of $103.5 million, up 4% from $99.3 million in the prior year
• Placement Revenues of $26.1 million, up 34% from $19.5 million in the prior year
• Strong balance sheet at quarter-end with $81.7 million of cash, cash equivalents and short-term investments; no funded debt
• Intend to repurchase approximately 128,000 Partnership Units for cash in May 2018

For earnings history and earnings-related data on PJT Partners (PJT) click here.

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