What move does the options market price into PJT Partners's report?

Implied ±4.8%, either direction.

How often does PJT Partners move more than the options market prices?

1 of the last 8 reports moved at least as far as the implied move.

PJTNYSEInvestment Advice

PJT Partners Inc. (PJT) earnings date, market-implied expected move, and options open interest by expiry

149.44

pre 149.66 −0.03%

Pre-market09:17 ET

Open151.50Volume369,927Mkt cap$3.8BP/E19.61EPS7.63Div yield0.67%

Day148.10 – 152.4936%52-wk127.35 – 194.7133%

PJT

PJT Partners Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±4.8%implied · report alone

8Q avg ±3.3%·×1.43·rich

142.58156.84

straddle ±7.5%

spot 149.71exp Nov 20ATM strike 150ATM straddle 13.15IV 46%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 3

before open · in 1 day

est.Q3 FY26

Calendar

Next report

Last report

+2.61%

vs ±7.5% implied · ×0.35

shaded = implied · ▲▼ = realized

Jul 28 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+23.59%

shares held · 10 largest managers

13F · Jun 30 '26125d lag

414 managers

Top fund weight

0.12%

PJT weight · IWM

N-PORTJun 30 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

PJT Partners (PJT) is expected to report on Nov 3 before open (estimated date).

Implied vs realized

8 reports

1 of 8≥ implied

avg implied: ±6.5%
avg realized: ±3.3%

Oct 29 '24Oct 29 '24confirmed±6.5%▼−1.71%×0.26

Feb 4 '25Feb 4 '25confirmed±5.9%▲+5.10%×0.86

Apr 29 '25Apr 29 '25confirmed±7.4%▲+4.51%×0.61

Jul 29 '25Jul 29 '25confirmed±6.2%▼−2.74%×0.44

Nov 4 '25Nov 4 '25confirmed±5.9%▲+0.62%×0.11

Feb 3 '26Feb 3 '26confirmed±5.7%▼−7.69%×1.34

Q1 FY26Apr 28 '26confirmed±6.8%▼−1.68%×0.25

Q2 FY26Jul 28 '26confirmed±7.5%▲+2.61%×0.35

quarterimplied−10%0+10%realized×

Q2 FY26±7.5%▲+2.61%×0.35

Q1 FY26±6.8%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Oct 30 close

1.30OI · 3 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

65+2%Nov 2018d500%

760%Dec 1846d0.421790%0.42

650%Mar 19137d0.98660%0.98

ExpiryPutsCallsP/C

Nov 2018d65+2%500%1.30

Dec 1846d760%1790%0.42

Mar 19137d650%660%0.98

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±7.5%

Funds 4

IWM±0.0%

UWM±0.0%

VTI±0.0%

VT±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

16.72%as filednet margin · revenue +16.28% QoQ · +19.52% YoY

Revenue

$486M+16.28% QoQ

Gross profit

$161M+16.49% QoQ

33.04% margin

Operating income

$102M+27.01% QoQ

20.99% margin

Pre-tax income

$102M+27.01% QoQ

Net income

$81M−8.93% QoQ

16.72% margin

Cost of revenue

$326M+16.18% QoQ

Operating expenses

$59M+1.80% QoQ

Other operating $29M

SG&A $25M

Depreciation $4M

Tax

$21M+334.64% QoQ

Revenue$486M+16.28%

Gross profit

$161M+16.49%

33.04% margin

Operating income

$102M+27.01%

20.99% margin

Pre-tax income

$102M+27.01%

Net income

$81M−8.93%

16.72% margin

Cost of revenue

$326M+16.18%

Operating expenses

$59M+1.80%

Other operating $29M

SG&A $25M

Depreciation $4M

Tax$21M+334.64%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

PPI ×1.56· ±2.3% vs ±1.5% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±2.3%5 of 10×1.56

CPIconsumer prices±2.0%4 of 10×1.40

FOMCrate decision±2.0%10 of 24×1.37

NFPjobs report±1.5%3 of 10×1.02

CPROFcorporate profits±1.0%6 of 12×0.70

PCEpersonal income & outlays±0.8%13 of 19×0.58

GDPgross domestic product±0.8%11 of 19×0.57

Bar = avg |move| to ±3% · tick = ±1.5% avg day · ×base = |move| ÷ ±1.5% · min 6 releases

Earnings history

EPS 1.66 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Jul 28 '26 · confirmed	1.66	—
Q1 FY26	Apr 28 '26 · confirmed	2.21	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod