PJT Partners Q3 revenue misses estimates on restructuring
PJT•PJT Partners' third-quarter revenue fell 14% to $385.1 million, below the $431.53 million consensus estimate, while adjusted earnings per share fell 24% to $1.41, missing the $1.50 estimate.
1. Revenue and earnings decline
PJT Partners reported third-quarter revenue of $385.1 million, down 14% and below the $431.53 million analyst estimate. Adjusted earnings per share declined 24% to $1.41, compared with the $1.50 consensus estimate.
2. Factors and repurchases
Revenue decreased in strategic advisory, restructuring and private capital solutions, partly offset by higher primary fundraising revenue. Non-compensation expenses rose with technology infrastructure investment, higher market data costs, global office expansion, and increased travel and business activity. The company repurchased 2.3 million shares through September 30, 2026, and provided no specific current-quarter or full-year financial guidance in its press release.
