Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
PJT Partners, Inc. (PJT)
NYSEFinancialsInvestment - Banking & Investment ServicesSnapshot 2026-11-04
$153.48-2.93%
Close 2026-11-05 · 1-day change
NYSEFinancialsInvestment - Banking & Investment ServicesSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
8.86 → 8.54 EPS · FY ending Dec 31, 2027 · 3 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 3 to 3; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for PJT yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
continued positive earnings surprises | A supporting condition in PJT Partners, Inc.'s published investment case. The stated target is positive EPS surprise in next 2 quarters. | Intact | two consecutive quarters with negative EPS surprises | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Next earnings date unavailable
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
PJT is a growth-oriented financial advisory business with recent strong performance, rather than a turnaround. Its long-term thesis is intact, though earnings quality is fragile and results can be sensitive to changes in market conditions.
The valuation signal is tagged as justified, with low concern that fragility is concentrated in the price. The expectations gap is negative, which suggests expectations are somewhat ahead of the model’s view, but the snapshot does not provide a peer valuation comparison.
Near term, earnings risk is rated quiet, but a past deep miss and a trend of declining earnings surprises remain cautions. Over the multi-year view, revenue and adjusted pretax income growth support management’s focus on long-term investment, while share repurchases and client-service priorities are also on track.
The thesis depends on growth and execution continuing without a guidance cut, which would be a meaningful negative. Sector conditions also matter: rate cuts are identified as a headwind, while continued earnings strength and higher guidance from financial-sector peers could support momentum.
For the next 1 to 3 years, PJT’s long-term thesis is intact, supported by strong recent results and steady management priorities, but fragile earnings quality and sensitivity to rates leave meaningful execution risk. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| A primary condition in PJT Partners, Inc.'s published investment case. The stated target is >=7.52 USD per share. |
| Broken |
| EPS falls below $4.43 in FY26 |
Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
annual revenue growth of about 9.5% | A primary condition in PJT Partners, Inc.'s published investment case. The stated target is >=9.5% YoY. | Improving | annual revenue growth falls below 7% next year | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$8.59 → $8.54 · observed estimates
$2.08B → $2.11B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $8.59 | $2,079,526,380 | 7 / 6 |
| 2026-07-25 | $8.59 | $2,079,526,380 | 7 / 6 |
| 2026-07-26 | $8.59 | $2,079,526,380 | 7 / 6 |
| 2026-07-27 | $8.59 | $2,077,879,759 | 3 / 4 |
| 2026-07-28 | $8.59 | $2,079,526,380 | 7 / 6 |
| 2026-07-29 | $8.59 | $2,079,526,380 | 7 / 6 |
| 2026-07-30 | $8.59 | $2,079,526,380 | 7 / 6 |
| 2026-07-31 | $9.00 | $2,154,730,742 | 3 / 4 |
| 2026-08-01 | $9.00 | $2,154,730,742 | 3 / 4 |
| 2026-08-02 | $9.00 | $2,154,730,742 | 3 / 4 |
| 2026-08-03 | $9.00 | $2,154,730,742 | 3 / 4 |
| 2026-08-04 | $9.00 | $2,169,185,860 | 7 / 6 |
| 2026-08-05 | $9.05 | $2,169,185,860 | 7 / 6 |
| 2026-08-06 | $9.05 | $2,162,754,742 | 3 / 4 |
| 2026-08-07 | $9.05 | $2,162,754,742 | 3 / 4 |
| 2026-08-08 | $9.05 | $2,162,754,742 | 3 / 4 |
| 2026-08-09 | $9.05 | $2,162,754,742 | 3 / 4 |
| 2026-08-10 | $9.05 | $2,169,185,860 | 7 / 6 |
| 2026-08-12 | $9.05 | $2,162,754,742 | 3 / 4 |
| 2026-08-13 | $9.05 | $2,162,754,742 | 3 / 4 |
| 2026-08-14 | $9.05 | $2,162,754,742 | 3 / 4 |
| 2026-08-15 | $9.05 | $2,162,754,742 | 3 / 4 |
| 2026-08-16 | $9.05 | $2,162,754,742 | 3 / 4 |
| 2026-08-17 | $9.05 | $2,162,754,742 | 3 / 4 |
| 2026-08-18 | $9.05 | $2,162,754,742 | 3 / 4 |
| 2026-08-19 | $9.05 | $2,162,754,742 | 3 / 4 |
| 2026-08-20 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-08-21 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-08-22 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-08-23 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-08-24 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-08-25 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-08-26 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-08-27 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-08-28 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-08-29 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-08-30 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-08-31 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-01 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-02 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-03 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-04 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-05 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-06 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-07 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-08 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-09 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-10 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-11 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-12 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-13 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-14 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-15 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-16 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-17 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-18 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-19 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-20 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-21 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-22 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-23 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-24 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-25 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-26 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-27 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-28 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-29 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-09-30 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-10-01 | $9.07 | $2,165,889,170 | 3 / 4 |
| 2026-10-02 | $9.06 | $2,163,308,170 | 3 / 4 |
| 2026-10-03 | $9.06 | $2,163,308,170 | 3 / 4 |
| 2026-10-04 | $9.06 | $2,163,308,170 | 3 / 4 |
| 2026-10-05 | $8.86 | $2,163,308,170 | 3 / 4 |
| 2026-10-06 | $8.86 | $2,130,222,456 | 3 / 4 |
| 2026-10-07 | $8.76 | $2,118,271,155 | 3 / 4 |
| 2026-10-08 | $8.70 | $2,109,914,012 | 3 / 4 |
| 2026-10-09 | $8.70 | $2,109,914,012 | 3 / 4 |
| 2026-10-10 | $8.70 | $2,109,914,012 | 3 / 4 |
| 2026-10-11 | $8.70 | $2,109,342,584 | 3 / 4 |
| 2026-10-12 | $8.74 | $2,109,342,584 | 3 / 4 |
| 2026-10-13 | $8.74 | $2,109,342,584 | 3 / 4 |
| 2026-10-14 | $8.73 | $2,107,359,297 | 3 / 4 |
| 2026-10-15 | $8.73 | $2,107,359,297 | 3 / 4 |
| 2026-10-16 | $8.73 | $2,107,359,297 | 3 / 4 |
| 2026-10-17 | $8.73 | $2,107,359,297 | 3 / 4 |
| 2026-10-18 | $8.73 | $2,107,359,297 | 3 / 4 |
| 2026-10-19 | $8.73 | $2,107,359,297 | 3 / 4 |
| 2026-10-20 | $8.73 | $2,107,318,869 | 3 / 4 |
| 2026-10-21 | $8.73 | $2,107,318,869 | 3 / 4 |
| 2026-10-22 | $8.73 | $2,107,318,869 | 3 / 4 |
| 2026-10-23 | $8.73 | $2,107,318,869 | 3 / 4 |
| 2026-10-24 | $8.73 | $2,107,318,869 | 3 / 4 |
| 2026-10-25 | $8.73 | $2,107,318,869 | 3 / 4 |
| 2026-10-26 | $8.73 | $2,107,318,869 | 3 / 4 |
| 2026-10-27 | $8.73 | $2,107,318,869 | 3 / 4 |
| 2026-10-28 | $8.73 | $2,107,318,869 | 3 / 4 |
| 2026-10-29 | $8.73 | $2,107,318,869 | 3 / 4 |
| 2026-10-30 | $8.73 | $2,107,318,869 | 3 / 4 |
| 2026-10-31 | $8.73 | $2,107,318,869 | 3 / 4 |
| 2026-11-01 | $8.73 | $2,107,318,869 | 3 / 4 |
| 2026-11-02 | $8.73 | $2,107,318,869 | 3 / 4 |
| 2026-11-03 | $8.73 | $2,107,318,869 | 3 / 4 |
| 2026-11-04 | $8.54 | $2,110,561,084 | 3 / 4 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 2 Buy / Strong Buy · 4 Hold · 1 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 3 recorded
0 raises · 1 cuts · 0 unchanged · 1 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.