Perella Weinberg Partners reports results for the quarter ended September 30 - Earnings Summary

• Perella Weinberg Partners reported quarterly adjusted earnings of 39 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of four analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 9 cents to 18 cents per share.

• Revenue rose 52.7% to $251.37 million from a year ago; analysts expected $191.54 million.

• Perella Weinberg Partners's reported EPS for the quarter was 21 cents​.

• Perella Weinberg Partners shares had fallen by 20.7% this quarter and lost 25.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 54.6% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the investment banking & brokerage services peer group is also "buy"

• Wall Street's median 12-month price target for Perella Weinberg Partners is $19.50, about 33.6% above its last closing price of $12.94

This summary was machine generated from LSEG data October 29 at 07:08 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)