Ahead of Pagaya Technologies Ltd. (PGY) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Core Insights - Wall Street analysts expect Pagaya Technologies Ltd. (PGY) to report quarterly earnings of $0.69 per share, reflecting a year-over-year increase of 590% [1] - Revenue projections for the upcoming quarter are set at $323.83 million, which represents a 29.4% increase compared to the same quarter last year [1] Earnings Estimates - The consensus EPS estimate has remained unchanged over the past 30 days, indicating a stable reassessment by analysts [1][2] - Changes in earnings estimates are crucial for predicting investor reactions to the stock, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [2] Key Metrics Projections - Analysts project 'Interest income' to reach $7.93 million, indicating a year-over-year decline of 3.3% [4] - The estimate for 'Revenue from fees' is $306.43 million, reflecting a year-over-year increase of 26.3% [4] - The estimated 'Network Volume' is projected at $2.53 billion, up from $2.30 billion in the previous year [4] Stock Performance - Over the past month, shares of Pagaya Technologies Ltd. have increased by 31.4%, significantly outperforming the Zacks S&P 500 composite, which saw a change of only 0.6% [4] - PGY currently holds a Zacks Rank 1 (Strong Buy), suggesting potential for outperformance in the near future [4]