Last week saw the newest quarterly earnings release from PJT Partners Inc. (NYSE:PJT), an important milestone in the company's journey to build a stronger business. Revenues were US$385m, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at US$1.15, an impressive 108% ahead of estimates. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
Taking into account the latest results, the most recent consensus for PJT Partners from six analysts is for revenues of US$2.11b in 2027. If met, it would imply a solid 16% increase on its revenue over the past 12 months. Statutory earnings per share are forecast to plummet 41% to US$4.38 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$2.11b and earnings per share (EPS) of US$4.38 in 2027. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
Check out our latest analysis for PJT Partners
The analysts reconfirmed their price target of US$163, showing that the business is executing well and in line with expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on PJT Partners, with the most bullish analyst valuing it at US$180 and the most bearish at US$149 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We can infer from the latest estimates that forecasts expect a continuation of PJT Partners'historical trends, as the 12% annualised revenue growth to the end of 2027 is roughly in line with the 15% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 5.9% per year. So it's pretty clear that PJT Partners is forecast to grow substantially faster than its industry.
The Bottom Line
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for PJT Partners going out to 2028, and you can see them free on our platform here..
You still need to take note of risks, for example - PJT Partners has 1 warning sign we think you should be aware of.
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