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Perella Weinberg Q3 revenue beats estimates on fee events

By Reuters News


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


Reuters Recommended Reads

  • Oct 28 - Houlihan Lokey Q2 results beat estimates on higher transaction fees

  • Oct 27 - Advent raises $30 billion for latest buyout, mid-market funds

  • Oct 29 - Ares raises $31 billion on private credit, real assets fundraising strength


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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