PJT Partners Inc (PJT) reported adjusted earnings of $1.85 per share for the quarter ended September 30, up from 93 cents in the same quarter last year and above the mean analyst estimate of $1.44. Wall Street had projected EPS between $1.24 and $1.60 per share.

Revenue rose 37% year-over-year to $447.09 million, exceeding analyst expectations of $392.05 million. The company posted quarterly net income of $39.84 million, with reported EPS at $1.39.

PJT Partners shares fell 8.6% over the quarter but are up 2.9% year-to-date. Analysts currently have an average rating of “hold,” with 1 recommending “strong buy” or “buy,” 5 “hold,” and 1 “sell” or “strong sell.”

The median 12-month price target for PJT Partners is $180.00, about 9.8% above its last closing price of $162.42.