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

Pagaya Technologies (NASDAQ:PGY) Third Quarter 2024 Results

Key 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).

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).

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