Patria Investments Q1 2024 Adj EPS $0.21 Misses $0.30 Estimate, Sales $62.900M Miss $68.456M Estimate
Portfolio Pulse from Benzinga Newsdesk
Patria Investments (NASDAQ:PAX) reported Q1 2024 earnings of $0.21 per share, missing the $0.30 estimate, and sales of $62.9M, below the $68.456M estimate. This represents a decrease from the previous year's earnings and sales.
May 02, 2024 | 10:14 am
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NEGATIVE IMPACT
Patria Investments reported lower than expected Q1 2024 earnings and sales, indicating a potential negative impact on its stock price in the short term.
Missing both earnings and sales estimates, especially by significant margins such as 30% for earnings and 8.12% for sales, typically leads to negative investor sentiment and can result in a decrease in stock price in the short term. The comparison to last year's figures further emphasizes the company's underperformance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100