Pagaya Technologies Ltd reports results for the quarter ended September 30 - Earnings Summary

Pagaya Technologies

12/11/2024 15:35

* Pagaya Technologies Ltd  PGY.OQ  reported a quarterly
adjusted
loss of 93 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of -36 cents.  The mean expectation of nine analysts for the
quarter was for a loss of 19 cents per share. Wall Street
expected results to range from -73 cents to 2 cents per share.
    * Revenue rose 21.5% to $257.23 million from a year ago;
analysts
expected $253.21 million. 
    * Pagaya Technologies Ltd's reported EPS for the quarter was
a
loss of 93 cents​.
    * The company reported a quarterly loss of $67.48 million.
    * Pagaya Technologies Ltd shares had risen by 59.8% this
quarter and gained 2.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 147.5% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"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 $23.00 
This summary was machine generated from LSEG data November 12 at
03:35 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
 Sep. 30 2024      -0.19          -0.93          Missed
 Jun. 30 2024      -0.01          -1.04          Missed
 Mar. 31 2024      -0.04          -0.33          Missed
 Dec. 31 2023      -0.17          -0.24          Missed