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

• Pagaya Technologies Ltd. reported quarterly adjusted earnings of 52 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 23 cents. The mean expectation of twelve analysts for the quarter was for earnings of 48 cents per share. Wall Street expected results to range from 44 cents to 51 cents per share.

• Revenue rose 11.5% to $390.49 million from a year ago; analysts expected $382.72 million.

• Pagaya Technologies Ltd.'s reported EPS for the quarter was 52 cents​.

• The company reported quarterly net income of $49.73 million.

• Pagaya Technologies Ltd. shares had risen by 18.2% this quarter and lost 2.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 9.1% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "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 $28.50, about 28.2% above its last closing price of $20.47

This summary was machine generated from LSEG data October 29 at 03:50 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)