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Mar 31, 2021
PJT Q1 2021 Earnings Report
PJT Partners' first quarter results were reported, showing revenue increase and earnings growth.
Key Takeaways
PJT Partners reported a 3% increase in total revenues to $207 million for Q1 2021, with GAAP diluted EPS of $1.03 and adjusted EPS of $0.89, representing increases of 43% and 25%, respectively. The company's balanced business model drove strong revenues and meaningful growth in pretax income and earnings per share.
Total Revenues increased by 3% year-over-year to $207 million.
Advisory Revenues decreased slightly by 3% to $153 million.
Placement Revenues increased significantly by 29% to $50 million.
GAAP Diluted EPS increased by 43% to $1.03, and Adjusted EPS increased by 25% to $0.89.
Revenue by Segment
Forward Guidance
PJT Partners remains confident in their future growth prospects regardless of market environment, given the strength of their complementary businesses.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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