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Pagaya Technologies Ltd. (PGY) Soars 25.4%: Is Further Upside Left in the Stock?
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Pagaya Technologies Ltd. (PGY - Free Report) shares ended the last trading session 25.4% higher at $29.5. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 24.8% gain over the past four weeks.
The shares surged after the company announced it expects second-quarter 2025 results to exceed the high end of prior guidance across most key metrics.
This company is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents a year-over-year change of +520%. Revenues are expected to be $298.1 million, up 19.1% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Pagaya Technologies Ltd., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on PGY going forward to see if this recent jump can turn into more strength down the road.
Pagaya Technologies Ltd. belongs to the Zacks Financial - Miscellaneous Services industry. Another stock from the same industry, XP Inc.A (XP - Free Report) , closed the last trading session 0.9% lower at $18.12. Over the past month, XP has returned -7.9%.
XP Inc.A's consensus EPS estimate for the upcoming report has changed +17.1% over the past month to $0.43. Compared to the company's year-ago EPS, this represents a change of +10.3%. XP Inc.A currently boasts a Zacks Rank of #1 (Strong Buy).
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Pagaya Technologies Ltd. (PGY) Soars 25.4%: Is Further Upside Left in the Stock?
Pagaya Technologies Ltd. (PGY - Free Report) shares ended the last trading session 25.4% higher at $29.5. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 24.8% gain over the past four weeks.
The shares surged after the company announced it expects second-quarter 2025 results to exceed the high end of prior guidance across most key metrics.
This company is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents a year-over-year change of +520%. Revenues are expected to be $298.1 million, up 19.1% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Pagaya Technologies Ltd., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on PGY going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Pagaya Technologies Ltd. belongs to the Zacks Financial - Miscellaneous Services industry. Another stock from the same industry, XP Inc.A (XP - Free Report) , closed the last trading session 0.9% lower at $18.12. Over the past month, XP has returned -7.9%.
XP Inc.A's consensus EPS estimate for the upcoming report has changed +17.1% over the past month to $0.43. Compared to the company's year-ago EPS, this represents a change of +10.3%. XP Inc.A currently boasts a Zacks Rank of #1 (Strong Buy).