Perella Weinberg posts weakest Q1 among investment banks, revenue down 29.7%

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

Perella Weinberg reported first-quarter revenues of $148.9 million, a 29.7% decline year on year and 10.5% below analyst expectations, making it the weakest performer among 15 tracked investment banking and brokerage stocks. The group overall posted mixed results, with aggregate revenues beating consensus estimates by 0.5% but next-quarter guidance coming in 1.4% below forecasts. Evercore stood out with revenues of $1.40 billion, up 100% year on year and exceeding estimates by 16.6%, while Lazard, Moelis, and Piper Sandler reported mixed outcomes. Perella Weinberg shares have fallen 27.1% since the release, trading at $16.57.

Impact on stocks 5

Financials± Mixed · 5 stocks
Perella Weinberg Partners
PWP
▼ NegativeCapitalrelevance

Perella Weinberg reported Q1 revenues of $148.9M, down 29.7% YoY and 10.5% below expectations, the weakest among tracked banks.

Evercore Partners Inc
EVR
▲ PositiveCapitalrelevance

Evercore reported revenues of $1.40 billion, up 100% YoY and 16.6% above estimates, making it the standout performer.

Lazard Ltd
LAZ
± MixedCapitalrelevance

Lazard reported mixed outcomes, but no specific figures or direction given.

Moelis & Co
MC
± MixedCapitalrelevance

Moelis reported mixed outcomes, but no specific figures or direction given.