PJT Partners Inc. (NYSE:PJT) Signals Near-Term Downside On Weak Momentum

Downside bias dominates the immediate outlook as price momentum and trend indicators conflict with an over-valued multiple; fundamentals show mixed quarterly strength but flat revenue. Near-term price action likely tracks technical pressure rather than valuation re-rating.

Recent News

On February 3, 2026 the company announced corporate actions including continued share repurchase activity and a quarterly dividend of $0.25 per share payable March 18, 2026, and disclosed an approved exchange of additional Partnership Units for cash. Reporting over the past 13 weeks also noted elevated hiring and pay increases, including strategic lateral additions and regional expansion efforts.

Technical Analysis

Directional indicators show clear bearish pressure: ADX at 39.62 signals a strong trend environment while DI+ at 10.10 trending lower and DI– at 29.08 showing a dip-and-reversal together produce a directional bias toward sellers; that strength increases the near-term probability of further downside continuation on an over-valued multiple.

MACD sits at -6.12 and declines beneath its signal line at -4.56, a bearish momentum configuration; weakening MACD momentum suggests continued negative price divergence that complicates any valuation-based recovery attempt.

MRO reads -24.16 and is decreasing, indicating the price sits below target with diminished upward potential as the oscillator contracts; the negative MRO reduces the effectiveness of mean-reversion tailwinds while price trades below key averages.

RSI at 42.49 and decreasing signals mild bearish momentum without extreme oversold conditions; that neutral-to-bearish oscillator supports the view that selling pressure retains room to persist before a pronounced reversal becomes likely.

Price sits below most moving averages and trend references: close $147.40 vs 20‑day average $156.69, 50‑day average $170.87, and 200‑day average $170.21, with the 12‑day EMA $156.25 trending down — a multi-timeframe alignment that favors further downside or consolidation beneath longer-term averages.

Ichimoku levels place price below Tenkan ($159.91), Kijun ($169.79) and the cloud (Senkou A $174.07 / Senkou B $171.49), reinforcing resistance above the current price. Price trades below the lower Bollinger 1× band ($151.13), suggesting short-term proximity to lower‑band support but not yet a confirmed reversal signal.

 


Fundamental Analysis

Earnings: Reported EPS for the most recent period equaled $2.55 versus an estimate of $2.40, producing an EPS surprise of +6.25%. QoQ earnings growth registered +87.97%, while YoY earnings declined -63.72%, a mixed profile of quarterly rebound against a weaker year-ago comparison.

Revenue and cash flow: Reported revenue growth stands at 0.0 with QoQ and YoY revenue growth figures shown as -100.0% in the supplied metrics; cash flow margin and cash flow to earnings register 0.0, indicating limited reported free-cash-flow conversion in these inputs. Invested capital reads $12,755,000 and cost of debt equals 3.379%.

Valuation multiples: Trailing PE equals 68.84 while forward PE sits at 78.88; WMDST values the stock as over-valued. The trailing PE lies below the industry peer mean of 76.60 but above the industry peer median of 41.70, and the forward PE sits below the industry peer mean of 91.61. PEG stands at 1.82, below the industry peer mean of 2.91, indicating earnings growth expectations compress the multiple somewhat compared with peers.

Forward outlook and capital returns: Forward EPS equals $2.1694, approximately -14.91% lower than reported EPS of $2.55, implying analysts expect lower per‑share earnings next period. Management continued capital return actions and unit exchanges noted in corporate disclosures, supporting balance-sheet and shareholder‑return dynamics separate from operating performance.

Brief valuation view: High single-digit to double‑digit PE metrics, flat revenue growth, and a forward EPS decline combine to justify WMDST’s over-valued assessment despite EPS beats and a below‑mean PEG; the multiple requires sustainable revenue or earnings acceleration to compress downside risk on price.

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: 155.319
mean: 76.599
PJT: 68.836
median: 41.698
low: 13.973
 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)
Cash Conversion Cycle Days QoQ
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: 29.123 %
median: 3.839 %
mean: 2.21 %
PJT: 0.0 %
low: -54.736 %
 Earnings Growth 37.838 %
Earnings Growth QoQ 87.968 %
Earnings Growth YoY -63.722 %
Earnings Growth IPRWA high: 45.455 %
PJT: 37.838 %
mean: 1.172 %
median: -2.632 %
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 0.0 %
 Cash Flow To Earnings 0.0
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

Swing traders should expect a near-term bias toward consolidation lower or modest further declines while technical momentum remains negative. The strong ADX-backed directional pressure, declining MACD, and price trading below major moving averages favor continuation of seller control; a negative and decreasing MRO reduces the likelihood of a sharp mean-reversion rally. Lower-than-average recent volume versus the 10‑day average suggests moves may lack conviction, increasing the chance of choppy, range-bound action. Potential short-term catalysts include announced buybacks, the upcoming dividend payment, and any revisions to forward estimates; absent sustained upside momentum or a clear MACD dip-and-reverse, price likely remains under pressure into the next reporting cadence.

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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