Brief: PennyMac Q2 Revenue USD 444.7 Million Vs. IBES Estimate USD 553.8 Million

PennyMac Financial Services

22/07/2025 21:15

Overview

PennyMac Q2 revenue misses analyst expectations, adjusted pretax profit also missed, per LSEG data

Net income for Q2 was $136.5 mln

Co declared a cash dividend of $0.30 per share

Outlook

Company expects PennyMac Mortgage Investment Trust (PMT) to acquire all jumbo correspondent production in Q3 2025, under a renewed mortgage banking services agreement with PMT

Company focuses on AI to enhance production and servicing operations

PennyMac aims for strategic portfolio growth and core business objectives

Result Drivers

AI IMPLEMENTATION - Technological enhancements, including AI, expected to improve efficiency and operations, per CEO David Spector

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$444.70 mln
$553.80 mln (8 Analysts)
Q2 Net Income
$136.50 mln
Q2 Adjusted Pretax Profit
Miss
$143.70 mln
$202.40 mln (7 Analysts)
Q2 Dividend
$0.3
Q2 Pretax Profit
$76.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for PennyMac Financial Services Inc is $123.00, about 17.1% above its July 21 closing price of $101.94

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nBw3S6SKPa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)