Patria Investments Q2 2024 Adj. EPS $0.22, Inline, Sales $70.200M Beat $68.903M Estimate
Portfolio Pulse from Benzinga Newsdesk
Patria Investments (NASDAQ:PAX) reported Q2 2024 earnings per share of $0.22, meeting analyst expectations, and sales of $70.2 million, beating estimates by 1.88%. Despite a 24.14% decrease in EPS from last year, sales increased by 13.96%.
August 01, 2024 | 10:13 am
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Patria Investments reported Q2 2024 EPS of $0.22, in line with expectations, and sales of $70.2M, beating estimates by 1.88%. Despite a 24.14% decrease in EPS from last year, sales increased by 13.96%.
The earnings per share met expectations, which is neutral for the stock price. However, the sales beat by 1.88% and the year-over-year sales increase of 13.96% are positive indicators. The significant drop in EPS from last year may offset some of the positive sentiment from the sales beat.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100