Earnings Estimates Rising for Pagaya Technologies Ltd. (PGY): Will It Gain?

Core Insights - Pagaya Technologies Ltd. (PGY) shows potential as a strong investment due to significant revisions in earnings estimates, indicating an improving earnings outlook [1][10] Estimate Revisions - The current quarter's earnings estimate is projected at $0.65 per share, reflecting a 47.7% increase from the previous year [6] - Over the last 30 days, the Zacks Consensus Estimate for Pagaya Technologies has risen by 25.35%, with one estimate increasing and no negative revisions [6] - For the full year, the earnings estimate is expected to be $2.65 per share, representing a 219.3% increase from the prior year [7] - The consensus estimate for the current year has increased by 7.83% due to positive revisions [8] Zacks Rank - Pagaya Technologies has achieved a Zacks Rank of 2 (Buy), indicating favorable estimate revisions that suggest strong future performance [9] - Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [9] Stock Performance - Pagaya Technologies shares have increased by 7.3% over the past four weeks, reflecting investor confidence in the company's earnings growth prospects [10]