PJT Partners Inc (NYSE: PJT) has reported earnings for its first fiscal quarter (ending March 31) of $1.27 versus $0.69 for the same period a year ago — an increase of 84%. Relative to the consensus estimate of $0.85, this was a premium of $0.42. For the latest four quarters through March 31, E.P.S. were $3.82 compared to $3.26 a year ago — an increase of 17%.
Recent Price Action
On 5/2/24, PJT Partners Inc (NYSE: PJT) stock enjoyed a very large increase of 5.3%, closing at $98.46. Moreover, trading volume in this advance was exceptionally high at 210% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PJT is expected to continue to be a major Value Builder.
PJT Partners has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. PJT Partners has a poor Appreciation Score of 30 but a good Power Rating of 78, with the Neutral Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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