PATRIZIA SE (ETR:PAT) Earnings: Analysts' Stance Remains Unchanged

PATRIZIA SE (ETR:PAT), a leading global partner for real assets, recently reported its third-quarter earnings. The results showed a decline in sales, revenue, and net income compared to the same period last year. Despite these mixed results, analysts' consensus on the stock remains largely unchanged, with a positive outlook on its long-term prospects.

PATRIZIA SE's earnings report revealed a 16.8% decrease in sales and a 14.4% drop in revenue year-over-year. The company also reported a net loss of EUR 8.67 million, compared to net income of EUR 8.75 million in the same period last year. Basic and diluted loss per share from continuing operations increased to EUR 0.1, from basic earnings per share of EUR 0.1 a year ago.

For the nine months ended September 30, 2024, sales and revenue decreased by 10.7% and 8.1%, respectively, compared to the same period last year. Net loss for the nine months was EUR 12.43 million, compared to net income of EUR 14.82 million in the same period last year. Basic and diluted loss per share from continuing operations increased to EUR 0.14, from basic earnings per share of EUR 0.17 a year ago.

Despite the earnings miss, analysts' consensus remains positive, with a mean target price of 9.08 EUR, indicating a 21.23% upside from the last close price of 7.49 EUR. The spread between the high and low price targets has narrowed to 32.18% and 0.13%, respectively, suggesting analysts are more aligned in their expectations following the earnings release.

Four out of five analysts covering PATRIZIA SE maintain a 'Buy' rating, while one analyst sticks with a 'Sell' rating. Deutsche Bank, Berenberg, and Warburg Research reiterated their 'Buy' ratings, while Baader Bank maintained its 'Sell' rating. The average target price increased slightly to €9.08, reflecting analysts' continued optimism in the company's long-term prospects.

Analysts cited PATRIZIA's solid balance sheet, available liquidity, and strategic initiatives as reasons for their bullish stance. Despite the mixed earnings results, analysts seem to be focusing on the company's long-term growth potential and its ability to navigate market uncertainties.



In conclusion, PATRIZIA SE's third-quarter earnings report showed a decline in sales, revenue, and net income compared to the same period last year. However, analysts' consensus on the stock remains largely unchanged, with a positive outlook on its long-term prospects. Despite the earnings miss, analysts continue to see value in the company's strategic initiatives and solid balance sheet. As the market evolves, investors should monitor PATRIZIA SE's performance and adapt their investment strategies accordingly.