PJT Partners (PJT) Tops Q4 EPS by 68c, Revenues Beat

PJT Partners (NYSE: PJT) reported Q4 EPS of $1.81, $0.68 better than the analyst estimate of $1.13. Revenue for the quarter came in at $322 million versus the consensus estimate of $263.96 million.

Fourth Quarter Highlights

• Total Revenues of $322 million, up 29% from a year ago
  • Advisory Revenues of $261 million, up 39%
  • Placement Revenues of $56 million, up 1%
• GAAP Pretax Income of $95 million and Adjusted Pretax Income of $100 million
• GAAP Diluted EPS of $1.67 and Adjusted EPS of $1.81

Paul J. Taubman, Chairman and Chief Executive Officer, said, “We are extremely proud of all that we have accomplished these past five years. Against a backdrop of extraordinarily dislocated conditions, PJT Partners delivered record 2020 results. Our differentiated culture of collaboration coupled with our unique combination of capabilities has enabled us to deliver exceptional performance, and we remain confident in our future growth prospects.”

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

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