Core Viewpoint - Pagaya Technologies Ltd. (PGY) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2]. Earnings Estimate Revisions - Analysts' optimism regarding Pagaya's earnings prospects is leading to higher estimates, which is expected to positively impact the stock price [2]. - For the current quarter, Pagaya is projected to earn $0.75 per share, reflecting a remarkable increase of +341.2% compared to the same quarter last year [6]. - The consensus estimate for the current quarter has risen by 14% due to one upward revision and no negative revisions in the last 30 days [6]. - For the full year, the expected earnings per share is $3.10, indicating a change of +273.5% from the previous year [7]. - The consensus estimate for the current year has increased by 28.11% following one upward revision and no negative revisions [8]. Zacks Rank and Performance - Pagaya Technologies Ltd. currently holds a Zacks Rank 2 (Buy), indicating strong agreement among analysts on the positive earnings revisions [9]. - The Zacks Rank system has a proven track record, with Zacks 1 (Strong Buy) stocks averaging an annual return of +25% since 2008 [3]. - Stocks with Zacks Rank 1 and 2 are shown to significantly outperform the S&P 500 [9]. Market Performance - The stock has gained 6.4% over the past four weeks, driven by solid estimate revisions, suggesting potential for further growth [10].
Surging Earnings Estimates Signal Upside for Pagaya Technologies Ltd. (PGY) Stock