Positive context积极背景
Stocks股票 / Financials / PJT
PJT Partners, Inc. · Financials
PJT US listed · USD美股 · 美元
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.PJT Partners, Inc. 是一家全球性咨询型投资银行，成立于2015年10月，是黑石集团剥离其财务与战略咨询服务业务的一部分。
Financial金融股
Financials
S&P 600标普600小盘Russell 2000罗素2000
$168.31
+$0.76 · +0.45%
52w low52周低 $126high高 $193
Extended — don't chase; wait for a pullback过度拉升 — 勿追高；等待回撤
You missed the bottoming entry — the low already formed and price is now extended (momentum is fading — the daily momentum is already rolling over). Don't…已错过筑底入场——低点已经形成，目前价格已拉伸（动量正在衰竭——日线动量已开始掉头向下）。不要追高；等待回调至 10 日均线或下一个周期低点。若已持有则继续持有。
Engine read引擎解读 · 2026-08-03
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅作背景参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅作背景参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-08-03
Momentum (RSI 14)动量（RSI 14）
56
Neutral zone中性区域
vs 50-day average相对50日均线
+5.7% above上方
Uptrend intact趋势完好
vs 200-day average相对200日均线
+4.9% above上方
Long trend up长期向上
Volatility波动率
93th percentile第93百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
next report下次财报 2026-08-042days to go天后公布
Estimates roughly stable预期基本稳定
Financials财务数据
fiscal years财年Revenue营业收入
5-yr growth5年复合增速 10.2%
Free cash flow自由现金流
Net margin净利率
10.5%
FCF margin自由现金流利润率
30.7%
Balance-sheet quality财务体质 5/5
Return on equity股本回报率 58%
Clean稳健
Capital allocation资本配置
Buybacks (TTM)回购（TTM）$195.2M
Stock-based comp股权薪酬$234.3M
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Macro宏观
Short-duration name into a restrictive, rising-real-rate regime → rate tailwind.短久期标的进入偏紧、实际利率上行的环境→利率顺风。
Positioning持仓
Short interest changed +17.7%空头仓位变动 +17.7%
Technical技术面
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
Signal history信号历史
engine events引擎事件
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
TAKE PROFITS. A daily bottoming setup did fire (swing low in, momentum turned up), but it's LATE — price is already extended above the cycle low (formed ~23 day(s) ago @ 145.01) and momentum is fading — the daily momentum is already rolling over. A momentum cross is a LAGGING confirmation: after a vertical run it only triggers once the move is mature, so the bottoming entry has already passed. This is a chase, not a fresh buy止盈。日线筑底形态确实已经触发（摆动低点出现、动量转向上行），但为时已晚——价格已显著高于周期低点（约 23 天前形成 @ 145.01）且动量正在衰竭——日线动量已开始掉头向下。动量交叉属于滞后确认：在垂直拉升之后，只有当走势已经成熟时才会触发，因此筑底入场早已错过。这是追高，而非新的买入
Jul 24, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Jul 24, 2026
PJT took relative-strength leadershipPJT 取得相对强弱领先
Relative strength vs SPY crossed above the 90th percentile of the last 90 days — leadership tends to persist. $169.07.相对标普500的强弱上穿近90日的第90百分位 — 领先往往延续。$169.07。
Jul 21, 2026
UPTREND → BOTTOMING上涨趋势 → 筑底中
BUY SETUP买入预备
Jul 17, 2026
BOTTOMING → UPTREND筑底中 → 上涨趋势
HOLD持有
Jul 17, 2026
PJT took relative-strength leadershipPJT 取得相对强弱领先
Relative strength vs SPY crossed above the 90th percentile of the last 90 days — leadership tends to persist. $166.62.相对标普500的强弱上穿近90日的第90百分位 — 领先往往延续。$166.62。
Jul 15, 2026
PJT took relative-strength leadershipPJT 取得相对强弱领先
Relative strength vs SPY crossed above the 90th percentile of the last 90 days — leadership tends to persist. $168.56.相对标普500的强弱上穿近90日的第90百分位 — 领先往往延续。$168.56。
Jul 14, 2026
PJT reclaimed its 200-day averagePJT 收复200日均线
Price closed back above the 200-day moving average — the classic bull dividing line. $164.70.收盘重回200日均线 — 经典的多头分界线。$164.70。
Jul 10, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Jul 9, 2026
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
TAKE PROFITS止盈
Showing the last 15 of显示最近15条，共 258 signals条信号
Company profile公司档案
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.PJT Partners, Inc. 是一家全球性咨询型投资银行，成立于2015年10月，是黑石集团剥离其财务与战略咨询服务业务的一部分。
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Quality质量
Above market高于市场
Investment资本投入
Below market低于市场
Low volatility低波动
Below market低于市场
Low market beta低市场敏感度
Below market低于市场
Earnings quality盈利质量
Below market低于市场
Short interest空头兴趣
Below market低于市场
Watch items — what could change the story关注项 — 可能改变故事的因素
- Capital intensity rising
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
25/100 — weaker than most弱于多数
vs market, 3 months相对大盘（3个月）
64/100 — middle of the pack居中
vs market, 6 months相对大盘（6个月）
30/100 — weaker than most弱于多数
vs market, 12 months相对大盘（12个月）
25/100 — weaker than most弱于多数
Rank in sector行业内排名
#202 / 263
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | -0.4% | +1.1% |
| 1 Month近1月 | +7.9% | +0.2% |
| 3 Months近3月 | +8.9% | +3.7% |
| 6 Months近6月 | -2.4% | +8.3% |
| Year to date年初至今 | -0.4% | +9.6% |
| 1 Year近1年 | -5.2% | +19.2% |
| 3 Years近3年 | +113.8% | +69.4% |
Trading information交易信息
Beta vs market贝塔
0.94
Volatility rank波动率分位
93th pctile
Off 52-week high距52周高点
-11.8%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $1.1B | $992M | $1.0B | $1.2B | $1.5B | $1.7B |
| EPS每股收益 | — | — | — | — | — | — |
| Free cash flow自由现金流 | $461M | $118M | $239M | $438M | $528M | $480M |
| Gross margin毛利率 | — | — | — | — | — | — |
| Net margin净利率 | 11.2% | 10.7% | 8.8% | 7.1% | 9.0% | 10.5% |
| FCF margin自由现金流利润率 | 43.8% | 11.9% | 23.3% | 37.9% | 35.3% | 28.0% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$1.7B
Net income净利润
$180M
Operating cash flow经营现金流
$526M
Total assets总资产
$1.8B
Shareholder equity股东权益
$308M
Buybacks股票回购
$195M
Returns & growth回报与增长
Return on equity股本回报率
58.4%
Return on assets资产回报率
9.8%
Profit growth利润增速
+34.0%
Asset growth资产增速
+12.7%
Accounting quality checks会计质量检查
- Earnings quality: accruals trending up over 6 fiscal years — earnings increasingly not cash-backed盈利质量：应计利润在 6 个财年间走高——盈利的现金支撑减弱
- Capital discipline: investment near the peer median资本纪律：投资力度接近同业中位
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
56
RSI (2-day)RSI（2日）
57
vs 20-day average相对20日均线
+1.7%
vs 50-day average相对50日均线
+5.7%
vs 200-day average相对200日均线
+4.9%
Golden cross (50>200)金叉（50>200）
not in effect未生效
MACDMACD
above signal位于信号线上方
Timeframe alignment多周期共振
Daily日线
momentum up动能向上
3-day3日线
momentum up动能向上
Weekly周线
momentum up动能向上
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range state波幅状态
expanding — range opening up扩张中 — 波幅放大
Range width percentile波幅宽度分位
56/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Estimate revisions预期修正
Analysts covering覆盖分析师
4
Estimate direction预期调整方向
mixed分歧
Estimate change, 90 days预期变化（90天）
+2.0%
Net upgrades, 30 days净上调（30天）
+2
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Insiders & shorts内部人与空头
Days to cover回补天数
4.5
Short interest change空头变化
+17.7%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Seasonality — full detail季节性 — 完整明细
Strongest month最强月份
Apr · 100%
Weakest month最弱月份
Mar · 0%
Month by month逐月统计
| Month月份 | Closed higher收涨占比 | Median move中位涨跌 | Years年数 |
|---|---|---|---|
| Jan1月 | 67% | +3.9% | 3 |
| Feb2月 | 33% | -3.0% | 3 |
| Mar3月 | 0% | -10.7% | 3 |
| Apr4月 | 100% | +3.8% | 3 |
| May5月 | 100% | +6.4% | 3 |
| Jun6月 | 50% | +1.6% | 4 |
| Jul7月 | 100% | +13.5% | 4 |
| Aug8月 | 33% | -0.3% | 3 |
| Sep9月 | 67% | +1.2% | 3 |
| Oct10月 | 33% | -1.0% | 3 |
| Nov11月 | 100% | +14.2% | 3 |
| Dec12月 | 33% | -0.1% | 3 |
History is a tendency, not a promise — small samples wobble.历史规律只是倾向而非保证 — 样本少时波动大。
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。