• Patria Investments Ltd PAX.OQ reported quarterly adjusted earnings of 23 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 21 cents. The mean expectation of three analysts for the quarter was for earnings of 25 cents per share. Wall Street expected results to range from 23 cents to 27 cents per share.

• Revenue fell 12% to $63.90 million from a year ago; analysts expected $85.63 million.

• Patria Investments Ltd's reported EPS for the quarter was 9 cents​.

• Patria Investments Ltd shares had fallen by 5.4% this quarter and lost 8.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 17.6% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the investment management & fund operators peer group is "hold."

• Wall Street's median 12-month price target for Patria Investments Ltd is $14.00

This summary was machine generated from LSEG data May 2 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)