In the latest trading session, Pagaya Technologies Ltd. (PGY) closed at $18.40, marking a +2.34% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.66%. Meanwhile, the Dow gained 0.18%, and the Nasdaq, a tech-heavy index, added 1.05%.
The company's shares have seen a decrease of 21.76% over the last month, not keeping up with the Finance sector's loss of 4.15% and the S&P 500's gain of 0.55%.
Analysts and investors alike will be keeping a close eye on the performance of Pagaya Technologies Ltd. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.96, indicating a 5.88% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $378.05 million, showing a 7.96% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.68 per share and a revenue of $1.45 billion, indicating changes of +11.18% and +11.78%, respectively, from the former year.
Any recent changes to analyst estimates for Pagaya Technologies Ltd. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.18% decrease. Pagaya Technologies Ltd. is currently a Zacks Rank #4 (Sell).
From a valuation perspective, Pagaya Technologies Ltd. is currently exchanging hands at a Forward P/E ratio of 4.89. This expresses a discount compared to the average Forward P/E of 10.94 of its industry.
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 164, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Pagaya Technologies Ltd. (PGY): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).