Pagaya Technologies Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St.11-14

Pagaya Technologies (NASDAQ:PGY) Third Quarter 2024 ResultsKey Financial Results Revenue: US$257.2m (up 22% from 3Q 2023). Net loss: US$67.5m (loss widened by 210% from 3Q 2023). US$0.93 loss per ...

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Net loss: US$67.5m (loss widened by 210% from 3Q 2023). US$0.93 loss per ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/software/nasdaq-pgy/pagaya-technologies/news/pagaya-technologies-third-quarter-2024-earnings-revenues-bea\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PGY","symbol_name":"Pagaya Technologies Ltd.","start_time":0,"source_url":"https://simplywall.st/stocks/us/software/nasdaq-pgy/pagaya-technologies/news/pagaya-technologies-third-quarter-2024-earnings-revenues-bea","article_id":"2483335039","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/8041000-choice1-main-header/1585186668959"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483335039","pubTimestamp":1731592057,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Pagaya Technologies ( NASDAQ:PGY ) Third Quarter 2024 Results Key Financial Results Revenue: US$257.2m (up 22% from 3Q...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PGY":"Pagaya Technologies Ltd."},"translate_title":"Pagaya Technologies 2024年第三季度收益：收入超出预期，每股收益滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PGY":0.9},"content_text":"Pagaya Technologies (NASDAQ:PGY) Third Quarter 2024 ResultsKey Financial Results Revenue: US$257.2m (up 22% from 3Q 2023). Net loss: US$67.5m (loss widened by 210% from 3Q 2023). US$0.93 loss per share (further deteriorated from US$0.36 loss in 3Q 2023).  NasdaqCM:PGY Earnings and Revenue Growth November 14th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Pagaya Technologies Revenues Beat Expectations, EPS Falls Short  Revenue exceeded analyst estimates by 1.6%.  Earnings per share (EPS) missed analyst estimates significantly.      Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.    Performance of the American Software industry.  The company's shares are down 17% from a week ago.   Risk Analysis You should learn about the   3 warning signs  we've spotted with Pagaya Technologies (including 1 which shouldn't be ignored). New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. 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