Pagaya Technologies Ltd. (PGY) Tops Q4 EPS by 21c ;Offers Guidance

Pagaya Technologies Ltd. (NASDAQ: PGY) reported Q4 EPS of $0.20, $0.21 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $210.43 million versus the consensus estimate of $220.39 million.

GUIDANCE:

First Quarter 2024 Outlook

Pagaya Technologies Ltd. sees Q1 2024 revenue of $225-240 million, versus the consensus of $230.5 million.

Network Volume Expected to be between $2.2 billion and $2.4 billion.

Adjusted EBITDA Expected to be between $32 million and $38 million.

Full Year 2024 Outlook

Pagaya Technologies Ltd. sees FY2024 revenue of $0.925-1.05 billion, versus the consensus of $1.038 billion.

Network Volume Expected to be between $9.0 billion and $10.5 billion.

Adjusted EBITDA Expected to be between $150 million and $190 million.

For earnings history and earnings-related data on Pagaya Technologies Ltd. (PGY) click here.

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