Patria Investments Q3 adjusted EPS beats expectations

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

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.)