PAX Earnings

PAX reported its earnings on 2026-05-07, showcasing a revenue of 97.10M against an estimate of 92.81M, resulting in a 4.62% surprise. The EPS was 0.27, surpassing the expected 0.28 by -3.57%. The stock experienced a -1.7% price change on the earnings day and a 0.08% change over the next five days, reflecting market reactions to the results.

Following PAX's earnings announcement on 2026-05-07, the stock price moved by -1.7% on the day of the release. Over the subsequent five days, it saw a 0.08% change. Historically, PAX's stock price tends to shift by an average of 0.27% in the 10 days leading up to earnings and 0.62% in the 10 days following, providing insight into potential market.

For 2026/Q1, analysts estimate PAX's annual revenue to reach 113.49M, while the EPS is projected at 0.34. These estimates reflect recent revisions, with revenue estimates unchanged by 0% and EPS estimates unchanged by 0% over the past three months, indicating analyst expectation in the company's performance.

The correlation between PAX's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for FY2025 were unchanged by 0%, while EPS estimates moved unchanged by 0%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, PAX's stock price typically moves by 0.27% in the 10 days before its earnings and 0.62% in the 10 days after. For the upcoming 2026/Q1 earnings, analysts expect an EPS of 0.34 and revenue of 113.49M.

The earnings call presents strong financial performance with significant growth in fee-earning AUM and distributable earnings. The company shows optimism in reaching its FRE margin target and benefits from high returns in its credit strategy. While there are concerns about the Brazilian election's impact, Patria's strategic focus on credit and real estate provides resilience. The Q&A session highlights no fee pressure and a conservative but positive outlook on performance fees. Given the market cap, the stock is likely to react positively, but not excessively, resulting in a 2% to 8% increase.