PJT Partners Inc. (NYSE:PJT) Shows Near-Term Downside As Momentum Weakens

PJT Partners enters the coming weeks with weakening momentum and an over-valued profile that limits upside potential. Technical indicators align with a bearish near-term price bias while fundamentals show mixed growth and elevated valuation metrics.

Recent News

Early December coverage noted a stepped-up hiring and pay program in London alongside broader headcount growth for the firm. The company presented at a December financial services conference, and reporting since November included an analyst group raising earnings estimates and at least one institutional investor trimming its stake.

Technical Analysis

Directional indicators show a bearish bias: ADX at 26.48 indicates a strong trend in place, DI- at 27.82 rising while DI+ at 15.41 declines, which favors downside pressure and elevates the probability that sellers remain in control.

Momentum measures confirm weakening price action: MACD stands negative at -2.65 and the MACD trend is decreasing with the signal at -0.01, indicating bearish momentum and no bullish MACD crossover at present.

Price sits below key averages and the cloud: the close at $162.50 trades under the 20-day average ($175.12), 50-day average ($173.90) and 200-day average ($169.37); the 12- and 26-day EMAs decline, and the Ichimoku components (Tenkan/Kijun around $175.53 and the cloud near $171.17–$171.49) place the stock beneath the cloud—technical structure that supports further downward bias.

Bollinger positioning sits near the lower band (lower 1× std dev $162.92; lower 2× $150.72) with current price just below the 1× lower band, implying limited immediate downside room inside the recent volatility envelope but persistent selling pressure. Volume at 382,001 above the 10-day average (357,130) shows active participation on recent moves, while 42-day beta (1.44) points to above-market short-term sensitivity.

MRO and RSI add toward a bearish near-term outlook: MRO at 0.66 (trend decreasing) indicates price sits marginally above target and therefore carries a tendency to pull back, while RSI at 48.54 with a decreasing trend shows neutral-to-weak momentum rather than oversold relief.

 


Fundamental Analysis

The company reported results with a date-ending of 2025-12-31 and a report date of February 3, 2026; the quarterly release and accompanying disclosures include capital actions and liquidity details. The firm held $586 million in cash, cash equivalents and short-term investments at year-end and continued share repurchases through the period.

EPS metrics: reported diluted EPS came in at $2.55 versus an estimate of $2.40, an EPS surprise of +6.25% (EPS beat of $0.15). Forward EPS stands at $2.17 with a forward P/E near 78.88. Current P/E reads 68.84 while PEG sits at 1.82; the PEG compares below the industry peer mean of 4.80, and the P/E sits slightly below the industry peer mean of 73.30, though forward P/E registers above the industry peer mean of 67.55—signals that near-term profitability outperformance coexists with elevated forward expectations.

Growth cadence shows divergence by period: reported earnings growth metrics translate to +37.84% on a point-in-time basis, with quarter-over-quarter earnings growth at +87.97% and year-over-year earnings growth at -63.72%. Reported revenue growth metrics show 0.0% with both QoQ and YoY figures at -100.00% per the provided measures. These moves reflect volatile period-to-period comparables and a pronounced QoQ improvement versus a difficult YoY base.

Balance-sheet and capital management notes include no funded debt and active buybacks—2.4 million shares repurchased over the year at an average price consistent with the mid-$150s—and a remaining repurchase authorization. WMDST values the stock as over-valued given the combination of elevated P/E and forward multiples relative to realized growth and the compressed analyst mean price target ($164.96) versus current price ($162.50).

MOST-RECENT QUARTERLY REPORT
REPORT PERIOD ENDING: 2025-12-31
REPORT DATE: 2026-02-03
NEXT REPORT DATE: 2026-05-05
CASH FLOW  Begin Period Cash Flow
 Operating Cash Flow
 Capital Expenditures
 Change In Working Capital
 Dividends Paid
 Cash Flow Delta
 End Period Cash Flow
 
INCOME STATEMENT REVENUE
 Total Revenue
 Forward Revenue
COSTS
 Cost Of Revenue
 Depreciation
 Depreciation and Amortization
 Research and Development
 Total Operating Expenses
PROFITABILITY
 Gross Profit
 EBITDA
 EBIT
 Operating Income
 Interest Income
 Interest Expense
 Net Interest Income
 Income Before Tax
 Tax Provision
 Tax Rate
 Net Income
 Net Income From Continuing Operations
EARNINGS
 EPS Estimate 2.40
 EPS Actual 2.55
 EPS Difference 0.15
 EPS Surprise 6.25 %
 Forward EPS 2.17
 
BALANCE SHEET ASSETS
 Total Assets
 Intangible Assets
 Net Tangible Assets
 Total Current Assets
 Cash and Short-Term Investments
 Cash
 Net Receivables
 Inventory
 Long-Term Investments
LIABILITIES
 Accounts Payable
 Short-Term Debt
 Total Current Liabilities
 Net Debt
 Total Debt
 Total Liabilities
EQUITY
 Total Equity
 Retained Earnings
VALUATION & PER-SHARE METRICS EQUITY & PER-SHARE METRICS
 Book Value Per-Share
 Shares Outstanding
 Revenue Per-Share
VALUATION
 Market Capitalization
 Enterprise Value
 Enterprise Multiple
Enterprise Multiple QoQ
Enterprise Multiple YoY
Enterprise Multiple IPRWA
 EV/R
CAPITAL STRUCTURE
 Asset To Equity
 Asset To Liability
 Debt To Capital
 Debt To Assets
Debt To Assets QoQ
Debt To Assets YoY
Debt To Assets IPRWA
 Debt To Equity
Debt To Equity QoQ
Debt To Equity YoY
Debt To Equity IPRWA
PRICE-BASED VALUATION
 Price To Book (P/B)
Price To Book QoQ
Price To Book YoY
Price To Book IPRWA
 Price To Earnings (P/E) 68.836
Price To Earnings QoQ -27.487 %
Price To Earnings YoY -16.133 %
Price To Earnings IPRWA high: 122.631
mean: 73.295
PJT: 68.836
median: 37.589
low: 15.501
 PE/G Ratio 1.819
 Price To Sales (P/S)
Price To Sales QoQ
Price To Sales YoY
Price To Sales IPRWA
FORWARD MULTIPLES
Forward P/E 78.879
Forward PE/G 2.085
Forward P/S
EFFICIENCY OPERATIONAL
 Operating Leverage
ASSET & SALES
 Asset Turnover Ratio
Asset Turnover Ratio QoQ
Asset Turnover Ratio YoY
Asset Turnover Ratio IPRWA
 Receivables Turnover
Receivables Turnover Ratio QoQ
Receivables Turnover Ratio YoY
Receivables Turnover Ratio IPRWA
 Inventory Turnover
Inventory Turnover Ratio QoQ
Inventory Turnover Ratio YoY
Inventory Turnover Ratio IPRWA
 Days Sales Outstanding (DSO)
CASH CYCLE
 Cash Conversion Cycle Days (CCC) 0.0
Cash Conversion Cycle Days QoQ -100.0 %
Cash Conversion Cycle Days YoY
Cash Conversion Cycle Days IPRWA
CAPITAL DEPLOYMENT
 Cash Conversion Ratio
 CapEx To Revenue
 CapEx To Depreciation
 
CAPITAL, LIQUIDITY & COVERAGE CAPITAL STRUCTURE
 Total Capital
 Net Invested Capital
 Invested Capital 12.8 M
 Net Tangible Assets
 Net Working Capital
LIQUIDITY
 Cash Ratio
 Current Ratio
Current Ratio QoQ
Current Ratio YoY
Current Ratio IPRWA
 Quick Ratio
Quick Ratio QoQ
Quick Ratio YoY
Quick Ratio IPRWA
COVERAGE & LEVERAGE
 Debt To EBITDA
 Cost Of Debt 3.379 %
 Interest Coverage Ratio
Interest Coverage Ratio QoQ
Interest Coverage Ratio YoY
Interest Coverage Ratio IPRWA
 Operating Cash Flow Ratio
TIMING / LIQUIDITY
 Days Payables Outstanding (DPO)
DIVIDENDS
 Dividend Coverage Ratio
 Dividend Payout Ratio
 Dividend Rate
 Dividend Yield
PERFORMANCE GROWTH
 Asset Growth Rate
 Revenue Growth 0.0 %
Revenue Growth QoQ -100.0 %
Revenue Growth YoY -100.0 %
Revenue Growth IPRWA high: 20.638 %
median: 1.415 %
PJT: 0.0 %
mean: -0.839 %
low: -29.84 %
 Earnings Growth 37.838 %
Earnings Growth QoQ 87.968 %
Earnings Growth YoY -63.722 %
Earnings Growth IPRWA high: 45.455 %
PJT: 37.838 %
mean: -7.018 %
median: -8.039 %
low: -27.966 %
MARGINS
 Gross Margin
Gross Margin QoQ
Gross Margin YoY
Gross Margin IPRWA
 EBIT Margin
EBIT Margin QoQ
EBIT Margin YoY
EBIT Margin IPRWA
 Return On Sales (ROS)
Return On Sales QoQ
Return On Sales YoY
Return On Sales IPRWA
CASH FLOW
 Free Cash Flow (FCF)
 Free Cash Flow Yield
Free Cash Flow Yield QoQ
Free Cash Flow Yield YoY
Free Cash Flow Yield IPRWA
 Free Cash Growth
Free Cash Growth QoQ
Free Cash Growth YoY
Free Cash Growth IPRWA
 Free Cash To Net Income
 Cash Flow Margin
 Cash Flow To Earnings
VALUE & RETURNS
 Economic Value Added
 Return On Assets (ROA)
Return On Assets QoQ
Return On Assets YoY
Return On Assets IPRWA
 Return On Capital Employed (ROCE)
 Return On Equity (ROE)
Return On Equity QoQ
Return On Equity YoY
Return On Equity IPRWA
 DuPont ROE
 Return On Invested Capital (ROIC)
Return On Invested Capital QoQ
Return On Invested Capital YoY
Return On Invested Capital IPRWA

Six-Week Outlook

Near-term price bias favors the downside unless momentum indicators roll higher. The combination of a rising DI- with a declining DI+, negative and falling MACD, and price below major averages produces a bearish technical profile that should keep rallies limited. MRO above zero suggests the current price sits modestly above internal target levels and therefore faces a tendency to mean-revert lower; RSI near 48 implies limited immediate oversold fuel for a sustained bounce.

Volatility and volume context: elevated short-term beta and above-average intraday volume increase the likelihood of sharp moves; traders monitoring momentum shifts should watch for a MACD rising across its signal line or a DI+ dip-and-reverse as early technical evidence of a shift in bias. Absent those signal changes, technical structure supports a lower-to-sideways posture into the six-week window rather than a sustained bullish leg.

About PJT Partners Inc.

PJT Partners Inc. (NYSE:PJT) delivers a comprehensive suite of financial advisory services to a global clientele, including corporations, financial sponsors, institutional investors, and governments. The firm crafts strategic and capital markets advisory solutions, addressing complex transactions such as mergers and acquisitions (M&A), spin-offs, joint ventures, and divestitures. PJT Partners guides clients through activism defense, contested M&A, and minority investments, ensuring informed decision-making in dynamic market environments. The company advises on shareholder engagement, strategic investor relations, and environmental, social, and governance (ESG) matters, helping boards and management teams foster productive investor relationships. In capital markets, PJT Partners offers expertise in debt and acquisition financings, structured products, public equity raises, and private capital initiatives, supporting both early and later stage companies. PJT Partners also excels in financial restructurings, reorganizations, liability management, and distressed M&A, providing critical insights to management teams, corporate boards, sponsors, and creditors. Additionally, the firm extends private fund advisory and fundraising services, offering tailored solutions for diverse investment strategies. Founded in 2014 and headquartered in New York, PJT Partners continues to uphold its legacy of delivering high-caliber financial advisory services.



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