Pagaya Cuts 2026 Revenue Forecast to $1.47B, Q1 EPS Seen at $0.20
PGY•Pagaya Technologies projects Q1 revenue of $320 million and EPS of $0.20, and forecasts 2026 revenue of $1.47 billion and EPS of $1.23, down from prior $1.53 billion and $1.57 per share estimates. Analysts’ average price target is $27.09, implying 87.7% upside from the current share price.
1. Q1 2026 Earnings Outlook
Pagaya Technologies is scheduled to report Q1 results on May 7, with analysts expecting $320 million in revenue and $0.20 per share in earnings. In the prior quarter, revenue of $320 million missed the $350 million estimate by 7.6%, while EPS of $0.36 beat forecasts by 6.5%, triggering a 23.9% stock drop on release.
2. Full-Year Estimate Revisions and Analyst Targets
Over the past 90 days, full-year 2026 revenue forecasts fell from $1.53 billion to $1.47 billion, and EPS estimates dropped from $1.57 to $1.23, while 2027 revenue and EPS were cut to $1.68 billion and $1.75 from $1.75 billion and $2.36. Eleven analysts’ one-year price targets average $27.09 (range $20.00–$33.00), implying 87.7% upside, and the consensus recommendation stands at 1.7 (Outperform).
3. Management Conference Participation
Pagaya’s management will present at the Oppenheimer 27th Annual Israeli Conference in Tel Aviv on May 18, the Barclays 30th Annual Leveraged Finance Conference in Austin on May 19, and at the upcoming B. Riley Annual Investor Conference.
