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Patria Investments Ltd. (PAX)
:PAX
RESEARCH TOOLSreports
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.33Last Year’s EPS
0.21Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 2.42%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong fundraising results, growth in fee related earnings, and successful diversification of the business. However, there were challenges such as a decline in net accrued performance fees and increased operating expenses. Overall, the positive achievements outweigh the negative aspects, indicating a robust position going into 2025.Company Guidance
During Patria's fourth quarter and full year 2024 earnings call, the company provided several key metrics and forward-looking guidance. Patria exceeded its full-year fundraising target by raising $5.5 billion, surpassing the goal of $5 billion, with $5.2 billion contributing to their asset base. They achieved their 2024 fee-related earnings (FRE) target of $170 million, or $1.12 per share, marking a 15% increase from 2023. For the fourth quarter, FRE reached $55 million, up 35% from the previous quarter. Heading into 2025, Patria targets full-year FRE of $200 million to $225 million, or $1.27 to $1.43 per share. They also reported $41 million in performance-related earnings, primarily from the sale of their Chilean decentralization project. The firm anticipates cumulative performance-related earnings of $120 million to $140 million through 2027. Additionally, Patria's fee-earning assets under management (AUM) rose 38% year-over-year to $33 billion, though it declined 3% sequentially due to dollar appreciation. They aim to reach a fundraising target of $6 billion for 2025, with confidence in achieving their FRE and performance targets.Exceeded Fundraising Target
Raised $5.5 billion in 2024, surpassing the $5 billion target. This includes $300 million raised in the advisory business.
Fee Related Earnings Growth
Achieved 2024 fee related earnings target of $170 million, up 15% from 2023, with per share earnings of $1.12, up 13%.
Strong Performance Related Earnings
Generated over $41 million in performance related earnings from the sale of the Chilean project Aguas Pacifico.
Increase in Fee Earning Assets Under Management
Earning AUM of $33 billion rose 38% year-over-year despite a 3% sequential decline due to dollar appreciation.
Successful Diversification and Resilience
Significant progress in diversifying the platform with 70% of 2024 fundraising from local investors investing in local products.
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PAX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PAX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $11.99 | $12.49 | +4.17% |
| Nov 05, 2024 | $11.70 | $11.70 | 0.00% |
| Aug 01, 2024 | $12.68 | $11.69 | -7.81% |
| May 02, 2024 | $12.88 | $12.23 | -5.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Patria Investments Ltd. (PAX) report earnings?
Patria Investments Ltd. (PAX) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Patria Investments Ltd. (PAX) earnings time?
Patria Investments Ltd. (PAX) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PAX EPS forecast?
PAX EPS forecast for the fiscal quarter 2025 (Q1) is 0.33.
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