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

• 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)