Patria Investments (PAX) Misses Q1 Earnings and Revenue Estimates

Core Viewpoint - Patria Investments reported quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.25 per share, but showing an increase from $0.21 per share a year ago, indicating a mixed performance in earnings expectations [1][2]. Financial Performance - The company posted revenues of $77.3 million for the quarter ended March 2025, which was 5.06% below the Zacks Consensus Estimate, compared to $60.6 million in the same quarter last year [2]. - Over the last four quarters, Patria Investments has surpassed consensus EPS estimates only once [2]. Stock Performance - Patria Investments shares have declined approximately 8.2% since the beginning of the year, while the S&P 500 has decreased by 4.7% [3]. - The current Zacks Rank for Patria Investments is 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6]. Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $0.28 on revenues of $84.11 million, and for the current fiscal year, it is $1.27 on revenues of $352.45 million [7]. - The trend of estimate revisions for Patria Investments is mixed, which could change following the recent earnings report [6]. Industry Context - The Financial - Investment Management industry, to which Patria Investments belongs, is currently ranked in the bottom 15% of over 250 Zacks industries, indicating potential challenges for stock performance [8].