Pagaya Technologies Sees Q3 Revenue $190M-$200M Vs $207.83M Est.; FY23 Revenue $775M-$825M Vs $805.37M Est.
Portfolio Pulse from Happy Mohamed
Pagaya Technologies has released its Q3 and FY23 outlook. The company expects Q3 revenue to be between $190M-$200M, lower than the estimated $207.83M. For FY23, the revenue is projected to be between $775M-$825M, which is in line with the estimated $805.37M. The company is also raising its outlook for Network Volume and Adjusted EBITDA.
August 10, 2023 | 8:14 pm
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Pagaya Technologies' lower than expected Q3 revenue projection may negatively impact its stock in the short term. However, the FY23 revenue projection aligns with estimates, which could stabilize the stock.
Lower than expected earnings often lead to a negative reaction in the stock market. However, the company's FY23 revenue projection is in line with estimates, which could mitigate some of the negative impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100