Patria Investments Q3 Adj EPS $0.23 Misses $0.35 Estimate, Sales $61.70M Miss $72.85M Estimate
Portfolio Pulse from bharat@benzinga.com
Patria Investments (NASDAQ:PAX) reported Q3 earnings of $0.23 per share, missing the analyst consensus estimate of $0.35 by 34.29%. The company also reported quarterly sales of $61.70 million, missing the analyst consensus estimate of $72.85 million by 15.31%. However, both earnings and sales increased compared to the same period last year.
November 07, 2023 | 11:15 am
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NEGATIVE IMPACT
Patria Investments' Q3 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term.
Patria Investments' Q3 earnings and sales fell short of analyst estimates, which could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100