Perella Weinberg Partners (NASDAQ:PWP) Announces Quarterly Earnings Results

Perella Weinberg Partners (NASDAQ:PWP) announced its earnings results on Friday. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.06 by $0.14, FiscalAI reports. Perella Weinberg Partners had a net margin of 2.82% and a negative return on equity of 19.90%. The firm had revenue of $156.53 million for the quarter, compared to the consensus estimate of $144.76 million.

Here are the key takeaways from Perella Weinberg Partners’ conference call:

• Business momentum accelerated: year-to-date announcements increased sharply, with nearly 40% occurring since the start of June. Announced and pending backlog is up nearly 2.5 times year over year, while booked revenue plus backlog is up more than 30%.
• Second-quarter revenue rose 1% year over year to $157 million, but first-half revenue fell 17% to $305 million. Management expects revenue to be weighted toward the second half, although some large fee events may not be recognized until 2027 and timing remains uncertain.
• Restructuring and liability-management activity remains strong, supported by upcoming 2028–2029 debt maturities and rising rating-agency pressure. The firm also closed its first private funds advisory transactions and reported encouraging client and pipeline traction.
• Management reiterated its full-year adjusted compensation-ratio target of 67%, while full-year adjusted non-compensation expense is expected to decline by a single-digit percentage from 2025. The firm also returned $73 million to equity holders year to date and ended the quarter with $116 million in cash and no debt.
• Perella Weinberg continues investing in talent, with six partners expected to join and eight internal promotions announced. Management said more than one-third of partners are still in the early ramp-up phase, creating long-term growth potential but also requiring time before reaching the firm’s targeted mature productivity level.

Perella Weinberg Partners Price Performance

NASDAQ:PWP traded up $2.74 during trading hours on Friday, reaching $17.65. 3,476,163 shares of the stock were exchanged, compared to its average volume of 1,133,462. The stock has a market cap of $1.64 billion, a PE ratio of 73.54 and a beta of 1.65. Perella Weinberg Partners has a twelve month low of $14.11 and a twelve month high of $25.92. The firm has a 50 day moving average of $16.07 and a 200 day moving average of $18.47.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PWP. Citizens Jmp lowered their price objective on shares of Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating for the company in a research report on Friday, April 10th. Keefe, Bruyette & Woods reduced their target price on shares of Perella Weinberg Partners from $23.50 to $19.00 and set an “outperform” rating for the company in a research note on Friday, July 10th. The Goldman Sachs Group set a $16.00 target price on shares of Perella Weinberg Partners in a research note on Friday, June 12th. Finally, Weiss Ratings cut Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Perella Weinberg Partners presently has a consensus rating of “Hold” and a consensus target price of $21.50.

Insider Activity

In other news, CFO Alexandra Gottschalk sold 14,018 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $17.46, for a total value of $244,754.28. Following the sale, the chief financial officer owned 72,492 shares of the company’s stock, valued at $1,265,710.32. The trade was a 16.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 109,477 shares of company stock valued at $2,034,533 in the last 90 days. 26.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC acquired a new stake in Perella Weinberg Partners in the 4th quarter valued at $45,000. Kemnay Advisory Services Inc. acquired a new position in shares of Perella Weinberg Partners during the 4th quarter worth about $86,000. Tower Research Capital LLC TRC grew its holdings in shares of Perella Weinberg Partners by 460.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock valued at $100,000 after acquiring an additional 4,232 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Perella Weinberg Partners by 13.6% in the 4th quarter. Captrust Financial Advisors now owns 11,114 shares of the company’s stock valued at $192,000 after acquiring an additional 1,330 shares in the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in shares of Perella Weinberg Partners in the fourth quarter valued at about $195,000. Institutional investors and hedge funds own 41.07% of the company’s stock.

More Perella Weinberg Partners News

Here are the key news stories impacting Perella Weinberg Partners this week:

• Positive Sentiment: Quarterly earnings exceeded expectations: PWP reported adjusted EPS of $0.20, compared with the $0.06 consensus estimate. Revenue reached $156.5 million, ahead of the $144.8 million forecast and up 1% year over year. Adjusted pre-tax income rose to $27 million, while the adjusted operating margin improved to 16.8%. Perella Weinberg Reports Second Quarter 2026 Results
• Positive Sentiment: Backlog and transaction momentum improved: Management said booked revenue plus announced and pending backlog is well above last year’s level, with announced and pending backlog reportedly rising nearly 2.5 times. The company is targeting a 67% adjusted compensation ratio for 2026, which could support profitability if revenue growth accelerates. Perella Weinberg targets 67% 2026 adjusted compensation ratio
• Positive Sentiment: Capital position and shareholder returns remain supportive: PWP ended the quarter with $115.8 million in cash, no debt and an undrawn credit facility. It returned approximately $72.7 million to equity holders year to date through dividends and share-equivalent retirements, and declared another $0.07-per-share quarterly dividend. The planned Gleacher Shacklock acquisition is expected to close in the third quarter. Perella Weinberg delivers impressive Q2 2026
• Neutral Sentiment: Growth strategy includes substantial talent investment: The firm added 10 partners and 11 managing directors year to date, with additional senior hires expected. It also promoted eight managing directors to partners, potentially strengthening future origination but increasing compensation commitments. Perella Weinberg Announces Partner Promotions
• Negative Sentiment: First-half results remain weak: Revenue fell 17% to $305.4 million, and PWP recorded a $4.6 million pre-tax loss for the first half. GAAP compensation was 74% of quarterly revenue, while business realignment and headcount-reduction costs are expected to total about $22 million through year-end.

About Perella Weinberg Partners

Perella Weinberg Partners L.P. is a global, partner-led advisory firm specializing in strategic and financial counsel. Founded in 2006 by Joseph R. Perella and Peter Weinberg—both veterans of leading Wall Street institutions—the firm delivers independent advice on mergers and acquisitions, financing, restructuring and capital markets. As an independent entity, it emphasizes senior banker involvement throughout every transaction, ensuring clients benefit from depth of experience and continuity of service.

The firm’s core offerings encompass M&A advisory, debt and equity financing, corporate restructuring and capital markets solutions.