Pagaya Technologies Expects Q1 Revenue of $225M-$240M Vs $230.67M Est, FY24 Revenue of $0.925B-$1.050B Vs $1.04B Est
Portfolio Pulse from Benzinga Newsdesk
Pagaya Technologies forecasts its Q1 revenue to be between $225M-$240M, compared to the estimated $230.67M. For FY24, the company anticipates revenue to range from $0.925B to $1.050B, against the estimated $1.04B.
February 21, 2024 | 12:09 pm
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Pagaya Technologies forecasts Q1 revenue between $225M-$240M vs. an estimated $230.67M and FY24 revenue of $0.925B-$1.050B vs. an estimated $1.04B.
The forecasted Q1 revenue range closely matches the estimated revenue, indicating a neutral short-term impact on PGY's stock price. The FY24 revenue forecast being slightly below the estimate might cause some concern among investors, but the broad range suggests flexibility and potential for growth, mitigating negative impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100