PAX Earnings Prediction
The chart below shows how PAX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PAX sees a -1.16% change in stock price 10 days leading up to the earnings, and a +0.31% change 10 days following the report. On the earnings day itself, the stock moves by -0.66%. This data can give you a slight idea of what to expect for the next quarter's release.
PAX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
70.88M
8.76%
-0.53%
Gross Margin
--
--
--
Operating Margin
20.50%
-37.78%
32.94%
Net Margin
2.65%
-90.83%
-25.56%
EPS
0.00
-100.00%
--
No Data Available
PAX Earnings Analysis
Patria Investments Limited Class A Common Shares Corporation (PAX.O) Earnings Conference Call
Positive
Fundraising Success: 1. Robust Fundraising: Patria raised over $2 billion in Q3 2024 and more than $4.2 billion year-to-date, positioning the company to meet or exceed its $5 billion fundraising target for the year.
Management Fee Increase: 2. Significant Management Fee Growth: Management fees reached approximately $78 million for the quarter, reflecting a 26% year-over-year increase, while year-to-date net fee revenue rose 28% to $75.9 million in Q3.
Fee-Related Earnings Surge: 3. Strong Fee-Related Earnings: Fee-related earnings for Q3 were nearly $41 million, representing a 13% year-over-year growth, with fee-related earnings per share increasing over 65% since 2021.
Fee-Earning AUM Growth: 4. Increased Fee-Earning AUM: Fee-earning AUM grew to almost $34 billion, a 9% sequential increase and a 58% rise year-over-year, driven by strong fundraising and positive investment performance.
Dividend Announcement: 5. Dividend Declaration: The company declared a $0.15 per share dividend for Q3 2024, reaffirming its commitment to returning value to shareholders.
Negative
Operating Expenses Surge: 1. Increased Operating Expenses: Operating expenses rose to $34.7 million in Q3 2024, up $11.8 million or 52% year-over-year, primarily due to acquisitions and increased personnel costs.
Performance Fees Decline: 2. Decline in Performance Fees: The company did not realize any performance fees in Q3 2024, maintaining a net accrued performance fee balance of $455 million, which reflects a lack of immediate revenue generation from performance-based earnings.
Flat Earnings Per Share: 3. Flat Distributable Earnings Per Share: Distributable earnings per share remained flat at $0.23 in Q3 2024 compared to the previous year, attributed to higher financial expenses and taxes.
Increased Tax Burden: 4. Higher Effective Tax Rate: The effective tax rate increased to 10.6% in Q3 2024, up from previous quarters, indicating a negative impact on net income due to the geographical mix of income.
Debt Peak Forecast: 5. Debt Increase Anticipated: The company expects its debt to peak at approximately $190 million by year-end 2024, which could strain financial flexibility as it funds M&A and other obligations.
PAX FAQs
How does PAX typically perform around its earnings report dates?
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PAX Earning Call Sentiment
Patria Investments Limited (PAX) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
PAX.O
-2.52%Positive
The earnings call summary and Q&A reveal positive sentiment. Financial performance shows strong growth in management fees and fee-related earnings. The firm has increased FRE per share guidance and expects improved margins. Despite some risks, such as regulatory and economic factors, the company is optimistic about fundraising momentum and infrastructure investments. The dividend and share repurchase plan indicate shareholder returns, though limited. The market cap suggests moderate sensitivity, leading to a positive stock price movement prediction of 2% to 8% over the next two weeks.
