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Piper Sandler Companies (PIPR) earnings date & stock reaction

Piper Sandler Companies · Financials

PIPR

Piper Sandler Companies earnings is out

Fri, October 30 · before US openReaction day Closing price
EPSMissed
$0.87
Est. $0.93-6.5%
RevenueFell YoY
$443M
YoY-8%
Reaction daydown
-7.14%
Closing price
This report
7-report beat streak ends7 straight beats before this · Slowest revenue growth in 12 quarters (-7.7%)
Past reports ↗
  1. 1When
    Fri, 10/30 · before the US openReported
  2. 2What's expected
    Consensus EPS $0.93
  3. 3Usual reaction
    Avg. next-day move ±4.9% · fell after a beat 4 of 10 times · up 6 of last 12Report history ›
  4. 4The numbers

    EPS $0.87

    YoY vs $0.96 -9.4%QoQ vs $1.04 -16.3%

    Revenue $443M

    YoY vs $480M -7.7%QoQ vs $473M -6.3%

    WhyQ3 revenue fell 8% YoY to $443 million, with net income down 8% to $55.4 million, as strong advisory growth was offset by declines in corporate and public finance.

  5. 5Next-day price
    -7.14%Bigger than its usual ±4.9%
    Price around earnings
    +0%-7%D-6D-5D-4D-3D-2D-1EarningsD+1-7.1%
  6. 6What they said

    Revenue decline driven by weakness in corporate and municipal financing despite growth in advisory services

    Revenue & business

    How did the business grow?

    Reported progress

    Strong growth in advisory services

    Advisory services revenue reached $250.3 million, up 18% vs last year.

    Financial services and energy/power infrastructure groups achieved record quarterly results.

    Profitability & costs

    What changed in profitability?

    Reported progress

    Resilient fixed income performance

    Fixed income services revenue was $60 million, up 23% sequentially and 5% vs last year.

    Increased client activity driven by rising interest rates and hedging needs supported the growth.

    Concern

    Margin compression and lower net income

    GAAP pre-tax margin fell to 15.0% from 22.4% in the same period last year.

    Net income decreased 51% vs last year to $40.2 million, reflecting significant profitability pressure.

    Company outlook

    What is management forecasting?

    Concern

    Rising expenses and cautious outlook

    Non-compensation expenses rose 8% vs last year to $89.8 million.

    Management expects corporate financing activity to slow in Q4 due to increased investor selectivity.

    Other reported details

    What else was reported?

    Reported progress

    Enhanced shareholder returns

    Declared a $0.20 per share dividend and authorized a new $200 million share repurchase program.

    Returned a total of $268 million to shareholders through dividends and buybacks in the first nine months.

    Concern

    Sharp decline in corporate and public finance

    Corporate financing revenue dropped 29% vs last year to $56.6 million.

    Municipal financing revenue fell 36% vs last year to $24.8 million.

    Management's words

    “Corporate investment banking accounted for 67% of adjusted net revenues, or $307 million, our strongest third quarter on record.”

    Chad Abraham · CEO

    “Third quarter municipal financing revenues were $25 million, down 50% from a strong second quarter and 36% from the year-ago period.”

    Deb Schoneman · President

    Auto-summary · based on the Oct 30, 2026 earnings-call transcript.

  7. 7Did they deliver
    This company doesn't give quarterly guidance — consensus only
  8. 8After a move like this
    Last 2 times it fell 5%+ on report day — 5 days later: fell further 0, recovered 2

    Not a forecast · this stock's own history only

  9. 9Big holders
    Holdings data is collected for featured stocks only
Next report Fri, February 5 (estimated) around 8:00 AM ET, before the openFull earnings calendar

Piper Sandler Companies (PIPR) rose the day after earnings in 6 of its last 12 reports (50%), moving ±4.9% on average.

Past earnings reactions12 reports
Up next day
6/12
50%
Fell despite growth
4/12
Good earnings ignored
Price when beating
+1.0%
avg over 10 beats
Price when missing
-5.1%
avg over 2 misses
Avg earnings move
±4.9%
typical swing on earnings
Biggest single move
+9.88%
'26.2 · largest reaction

What to watch

What actually moves this stock?

What really matters here

Interest margin, plus buybacks/dividends

In finance terms · Interest margin · provisions · capital return

What to watch next report

When results drop, check the metric above vs last quarter and whether guidance beats expectations.

Did the size of the beat matter?

Comparing EPS surprises in past reports that rose or fell.

Beat consensus 10 of 12 times
Median beat +29.5%. 4 of those beats still fell the next day.
Reports that rose beat by +43.8% (median). Reports that fell beat by just +29.5%
These are historical group medians, not a threshold that predicts a price rise.

How this stock reacts to earnings

Only what stands out for this stock, compared with 1,218 analyzed stocks

Recent reactions got bigger
Last 4 reports ±7.3% on average vs ±3.7% over the 8 before
vs Financials sector avg (202 peers)
This
0.0%
Sector
+0.4%
Avg next-day reaction

Did the stock follow the beat or miss?

Comparing EPS against consensus with the price move on the reaction day

It mostly moved with the result
Beat-and-fall or miss-and-rise occurred in 4 of 12 reports (33%)
4xBeat but fell
Times it fell despite a beat
0xMissed but rose
Times it rose despite a miss
Fell despite growth4/12

watches Interest margin · provisions · capital return

Next-day reaction
  • Quarter ended Sep 2026-7.14%
  • Quarter ended Jun 2026+3.20%
  • Quarter ended Mar 2026-8.92%
  • Quarter ended Dec 2025+9.88%
  • Quarter ended Sep 2025-2.40%
  • Quarter ended Jun 2025-1.18%

Earnings timeline · bars = next-day move, ▲▼ = beat/miss

Jul–Sep 2026 results
Reported 2026-10-30
Next-day move
-7.14%
After 5 days —

This report · 7-report beat streak ends · 7 straight beats before this · Revenue growth slowed: +19.6% → -7.7%

EPS $0.87

YoY vs $0.96 -9.4%QoQ vs $1.04 -16.3%

Revenue $443M

YoY vs $480M -7.7%QoQ vs $473M -6.3%

Price around earnings
+0%-7%D-6D-5D-4D-3D-2D-1EarningsD+1-7.1%

Earnings trend · last 12 quarters

EPS$0.87YoY -9%
'24.2'26.10
Revenue$0.4BYoY -8%
'24.2'26.10

Earnings history and price reaction

Piper Sandler Companies across its last 12 earnings reports: EPS versus consensus, the move on the earnings day, and the cumulative move five trading days later.
Quarter endedReported (ET)vs market expectation (consensus)Earnings dayAfter 5 days
9/20262026-10-30-6.5%-7.14%—
6/20262026-07-30+17.9%+3.20%+3.20%
3/20262026-05-01+29.5%-8.92%-7.73%
12/20252026-02-06+44.5%+9.88%-3.11%
9/20252025-10-31+16.7%-2.40%+0.46%
6/20252025-08-01+32.4%-1.18%+1.88%

12 reports, quarters ending 12/2023 to 9/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point. Latest report included: 2026-10-30 · How we calculate

Frequently asked questions

When is the next Piper Sandler Companies earnings date?

The next Piper Sandler Companies (PIPR) earnings report is expected Fri, February 5 (estimated) around 8:00 AM ET, before the open. It comes from an earnings calendar and may not be a company-confirmed date; it updates automatically if it changes.

What is the consensus EPS forecast for Piper Sandler Companies's next earnings?

Analysts expect EPS of about $1.63 for Piper Sandler Companies (PIPR). Coming in above that counts as a beat, below it a miss — though a beat does not guarantee the stock rises.

Does Piper Sandler Companies stock keep moving after the earnings day?

Over the last 11 reports, the stock kept moving in the reaction-day direction over the next four trading days 27% of the time. Continuation like this is called post-earnings announcement drift.