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Patria Investments Q3 adjusted EPS beats expectations

By Reuters News


Overview

  • Alternative asset manager's Q3 adjusted EPS beat analyst expectations

  • Q3 Fee Related Earnings rose 7% yr/yr

  • Company reached full-year fundraising target one quarter early


Outlook

  • Company says it remains confident in delivering on 2026 guidance and 2027 targets

  • Patria says it is on track for another record year


Result Drivers

  • FEE-RELATED EARNINGS - Fee Related Earnings increased 7% yr/yr, supported by higher assets under management

  • INVESTMENT PERFORMANCE - Co said most funds performed at or above benchmarks, supporting continued growth


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Adjusted EPS

Beat

$0.30

$0.29 (3 Analysts)

Q3 Adjusted Net Income

Beat

$46.90 mln

$44.79 mln (2 Analysts)

Q3 Dividend

$0.16


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the investment management & fund operators peer group is "buy."

  • Wall Street's median 12-month price target for Patria Investments Ltd is $15.00, about 59.6% above its November 2 closing price of $9.40

  • The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago


Reuters Recommended Reads

  • Nov 2 - Palantir Q3 revenue jumps 96%, beats analyst expectations

  • Nov 2 - Equitable Holdings Q3 adjusted EPS jumps 44%, beats estimates

  • Nov 2 - Voya Financial Q3 adjusted EPS beats estimates; boosts dividend, buyback


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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