PJT Partners Inc. Reports Second Quarter 2020 Results
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PJT Partners (PJT) Tops Q2 EPS by 32c, Revenues Beat
July 28, 2020 6:54 AM EDTPJT Partners (NYSE: PJT) reported Q2 EPS of $1.00, $0.32 better than the analyst estimate of $0.68. Revenue for the quarter came in at $233 million versus the consensus estimate of $185.37 million.
Second Quarter Overview
Total Revenues of $233 million for second quarter 2020, up 40% from a year agoAdvisory Revenues of $193 million, up 45%Placement Revenues of $35 million, up 23%Second quarter GAAP Pretax Income of $50 million and Adjusted Pretax Income of $55 millionSecond quarter GAAP Diluted EPS of $0.86 and Adjusted EPS of $1.00Repurchased approximately 177 thousand share equivalents during the quarterIntend to repurchase an... More