Pagaya Technologies Ltd reports results for the quarter ended December 31 - Earnings Summary

Pagaya Technologies

13/02/2025 14:32

* Pagaya Technologies Ltd  PGY.OQ  reported a quarterly
adjusted
loss of $3.20​​ per share for the quarter ended December 31,
lower than the same quarter last year, when the company reported
EPS of -24 cents.  The mean expectation of ten analysts for the
quarter was for a loss of 37 cents per share. Wall Street
expected results to range from -80 cents to 12 cents per share.
    * Revenue rose 31% to $275.67 million from a year ago;
analysts
expected $265.10 million. 
    * Pagaya Technologies Ltd's reported EPS for the quarter was
a
loss of $3.20​.
    * The company reported a quarterly loss of $237.92 million.
    * Pagaya Technologies Ltd shares had risen by 26.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 27.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the financial
technology (fintech) peer group is also "buy"

Wall Street's median 12-month price target for Pagaya
Technologies Ltd is $21.00 
This summary was machine generated from LSEG data February 13 at
02:31 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      -0.37          -3.20          Missed
 Sep. 30 2024      -0.19          -0.93          Missed
 Jun. 30 2024      -0.01          -1.04          Missed
 Mar. 31 2024      -0.04          -0.33          Missed