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

Key Points

• Perella Weinberg reported a Q1 EPS of $0.05 vs. a consensus $0.16 and revenue of $148.9M (down ~30% YoY), with GAAP pre-tax losses, an unusual ~93% effective tax rate and a sharp share-price decline on the miss.
• The firm is executing strategic growth moves — notably acquiring Gleacher Shacklock to bolster its U.K. platform and adding senior hires — and management says announced/pending backlog is at a two‑year quarterly high with 2026 revenues expected to be meaningfully back‑half weighted.
• Despite the revenue shortfall, PWP finished the quarter with a strong capital position — $78M cash and no debt — returned nearly $64M to shareholders and declared a $0.07 quarterly dividend (≈1.4% yield).

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) issued its earnings results on Friday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.11), Zacks reports. The firm had revenue of $148.92 million during the quarter, compared to analysts' expectations of $158.82 million. Perella Weinberg Partners had a negative return on equity of 25.81% and a net margin of 4.69%.

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

• Management reported Q1 revenues of $149 million (down 30% YoY) but emphasized a strong pipeline and an announced-and-pending backlog at a two‑year quarterly high, and said revenues should be meaningfully back‑half weighted for 2026.
• Perella Weinberg is acquiring Gleacher Shacklock to instantly bolster its U.K. presence, adding five partners whom management expects will see multiplied productivity when combined with PWP’s global platform.
• Adjusted compensation margin climbed to 79% (vs. the ~67% target) driven by a lower revenue denominator, higher cash compensation and concentrated RSU vestings, a near‑term drag management says should normalize as revenues rise.
• The firm returned nearly $64 million to equity holders, declared a $0.07 quarterly dividend, and ended the quarter with $78 million cash and no debt, signaling continued capital returns despite the quarter’s revenue decline.

Perella Weinberg Partners Stock Down 9.4%

Perella Weinberg Partners stock traded down $2.13 during mid-day trading on Friday, reaching $20.61. 3,284,235 shares of the company's stock traded hands, compared to its average volume of 846,012. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 44.81 and a beta of 1.74. The stock has a 50 day moving average of $18.96 and a two-hundred day moving average of $19.29. Perella Weinberg Partners has a 12-month low of $15.74 and a 12-month high of $25.92.

Perella Weinberg Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.28 dividend on an annualized basis and a yield of 1.4%. Perella Weinberg Partners's dividend payout ratio is presently 60.87%.

Perella Weinberg Partners News Summary

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

• Positive Sentiment: Strong capital position and shareholder returns—PWP ended Q1 with roughly $78M cash, no debt, has returned about $64M to equity holders through net settlements/dividends and declared a $0.07 quarterly dividend, supporting buyback/dividend-driven floor under shares. Perella Weinberg Reports First Quarter 2026 Results
• Positive Sentiment: Strategic growth moves—management highlighted the Gleacher Shacklock acquisition and multiple senior hires (partners and MDs) that expand UK and sector coverage; management says announced + pending backlog is at a two‑year quarterly high, which could support revenue recovery when deals close. QuiverQuant Q1 Summary
• Neutral Sentiment: Management tone on the call was constructive—transcripts show management stressing client dialogue and pipeline strength while noting the lumpy nature of advisory revenue; investors will watch deal flow timing closely. Earnings Call Transcript
• Negative Sentiment: Revenue and EPS miss—Q1 revenue fell 30% YoY to $148.9M (vs. prior-year record $211.8M) and adjusted EPS of $0.05 (GAAP diluted EPS $0.02) missed consensus (~$0.16), reflecting fewer fee-paying clients and fewer M&A/financing closings. Yahoo Finance: Misses Q1 Revenue Estimates
• Negative Sentiment: Profitability and tax oddities—PWP reported a GAAP pre-tax loss of $(11)M and a GAAP effective tax rate of 93% for the quarter (driven by RSU vesting/tax items), complicating near-term net income comparability and contributing to margin pressure. Perella Weinberg Q1 Release
• Negative Sentiment: Market reaction—shares dropped sharply on the earnings miss (reports show up to ~14% intraday decline), reflecting investor concern over revenue volatility and near-term profitability. Investing.com: Shares Tumble 14%

Institutional Investors Weigh In On Perella Weinberg Partners

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

Analysts Set New Price Targets

A number of analysts have commented on the stock. The Goldman Sachs Group upped their target price on shares of Perella Weinberg Partners from $17.50 to $19.50 and gave the company a "sell" rating in a report on Tuesday, April 14th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Perella Weinberg Partners in a report on Tuesday, April 21st. Citizens Jmp reduced their target price on shares of Perella Weinberg Partners from $32.00 to $30.00 and set a "market outperform" rating for the company in a report on Friday, April 10th. Keefe, Bruyette & Woods raised shares of Perella Weinberg Partners from a "market perform" rating to an "outperform" rating and reduced their target price for the company from $23.00 to $21.00 in a report on Wednesday, April 8th. Finally, Wolfe Research set a $21.00 price target on shares of Perella Weinberg Partners in a research report on Wednesday, January 7th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Perella Weinberg Partners currently has a consensus rating of "Hold" and a consensus target price of $22.88.

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.

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