We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Pagaya Technologies Ltd. (PGY) Exceeds Market Returns: Some Facts to Consider
Read MoreHide Full Article
Pagaya Technologies Ltd. (PGY - Free Report) ended the recent trading session at $23.30, demonstrating a +1.97% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.64% for the day. Elsewhere, the Dow saw an upswing of 0.47%, while the tech-heavy Nasdaq appreciated by 0.52%.
Prior to today's trading, shares of the company had gained 5.64% outpaced the Finance sector's gain of 4.92% and the S&P 500's gain of 3%.
Analysts and investors alike will be keeping a close eye on the performance of Pagaya Technologies Ltd. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.75, reflecting a 341.18% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $348.35 million, indicating a 24.68% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $3.1 per share and a revenue of $1.32 billion, demonstrating changes of +273.49% and +28.43%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Pagaya Technologies Ltd. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Pagaya Technologies Ltd. is currently a Zacks Rank #2 (Buy).
In the context of valuation, Pagaya Technologies Ltd. is at present trading with a Forward P/E ratio of 7.37. This signifies a discount in comparison to the average Forward P/E of 12.18 for its industry.
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 87, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Pagaya Technologies Ltd. (PGY) Exceeds Market Returns: Some Facts to Consider
Pagaya Technologies Ltd. (PGY - Free Report) ended the recent trading session at $23.30, demonstrating a +1.97% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.64% for the day. Elsewhere, the Dow saw an upswing of 0.47%, while the tech-heavy Nasdaq appreciated by 0.52%.
Prior to today's trading, shares of the company had gained 5.64% outpaced the Finance sector's gain of 4.92% and the S&P 500's gain of 3%.
Analysts and investors alike will be keeping a close eye on the performance of Pagaya Technologies Ltd. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.75, reflecting a 341.18% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $348.35 million, indicating a 24.68% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $3.1 per share and a revenue of $1.32 billion, demonstrating changes of +273.49% and +28.43%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Pagaya Technologies Ltd. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Pagaya Technologies Ltd. is currently a Zacks Rank #2 (Buy).
In the context of valuation, Pagaya Technologies Ltd. is at present trading with a Forward P/E ratio of 7.37. This signifies a discount in comparison to the average Forward P/E of 12.18 for its industry.
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 87, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.