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

• Perella Weinberg Partners PWP reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 43 cents. The mean expectation of four analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from 3 cents to 13 cents per share.

• Revenue fell 43.1% to $155.27 million from a year ago; analysts expected $173.10 million.

• Perella Weinberg Partners shares had risen by 2.7% this quarter and lost 16.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 59.2% 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 2 "strong buy" or "buy," 1 "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 $22.50, about 11.4% above its last closing price of $19.94

This summary was machine generated from LSEG data August 1 at 01:32 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)