Pagaya Technologies Ltd reports results for the quarter ended June 30 - Earnings Summary
Pagaya Technologies Ltd reports results for the quarter ended June 30 - Earnings Summary
Pagaya Technologies Ltd PGY.OQ reported quarterly adjusted earnings of 49 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of eleven analysts for the quarter was for earnings of 33 cents per share. Wall Street expected results to range from 28 cents to 42 cents per share.
Revenue rose 12% to $365.64 million from a year ago; analysts expected $356.02 million.
Pagaya Technologies Ltd's reported EPS for the quarter was 49 cents.
The company reported quarterly net income of $45.27 million.
Pagaya Technologies Ltd shares had fallen by 11.3% this quarter and lost 22.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 14.7% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," no "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 $26.00, about 37.7% above its last closing price of $16.19
This summary was machine generated from LSEG data July 30 at 07:54 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 |
Jun. 30 2026 | 0.33 | 0.49 | Beat |
Mar. 31 2026 | 0.20 | 0.73 | Beat |
Dec. 31 2025 | 0.34 | 0.36 | Beat |
Sep. 30 2025 | 0.18 | 0.23 | Beat |
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