Piper Sandler Companies reports results for the quarter ended March 31 - Earnings Summary

• Piper Sandler Companies PIPR.N reported quarterly adjusted earnings of $4.09​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $2.79. The mean expectation of four analysts for the quarter was for earnings of $2.85 per share. Wall Street expected results to range from $2.42 to $3.15 per share.

• Revenue rose 14.8% to $383.31 million from a year ago; analysts expected $367.73 million.

• Piper Sandler Companies shares had fallen by 2.0% this quarter and lost 18.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the investment banking & brokerage services peer group is also "hold"

• Wall Street's median 12-month price target for Piper Sandler Companies is $250.00

This summary was machine generated from LSEG data May 2 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)