Perella Weinberg Q3 revenue beats estimates on fee events
Overview
Global advisory firm's Q3 revenue rose 53% yr/yr, beating analyst expectations
Adjusted EPS for Q3 was $0.39, beating analyst expectations
Company closed acquisition of Gleacher Shacklock, expanding UK and European presence
Outlook
Company says it is carrying strong momentum into Q4 and 2027
Company expects expanded UK and European presence to support future growth
Company expects about $7 mln in business realignment cash payments by year-end 2026
Result Drivers
FEE EVENTS - Co said Q3 revenue growth was driven by a higher number of fee-paying clients and more large fee events
ACQUISITION IMPACT - Gleacher Shacklock acquisition expanded UK and European presence, supporting advisory capabilities
TALENT INVESTMENT - Co added new partners and managing directors, which may have contributed to business growth
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $251.40 mln | $178.94 mln (4 Analysts) |
Q3 Adjusted EPS | Beat | $0.39 | $0.14 (4 Analysts) |
Q3 EPS | $0.21 | ||
Q3 Dividend | $0.07 |
Analyst Coverage
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 "buy"
Wall Street's median 12-month price target for Perella Weinberg Partners is $19.50, about 50.7% above its October 28 closing price of $12.94
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 12 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)