PennyMac Financial Services Inc expected to post earnings of $1.10 a share - Earnings Preview

PennyMac Financial Services

30/07/2022 01:01

* PennyMac Financial Services Inc  PFSI.N   PFSI.K  is
expected
to show a fall in quarterly revenue when it reports  results on
August 2. 
    * The Westlake Village California-based  company is expected
to
report  a 35.0% decrease in revenue to $482.711 million from
$742.25 million a year ago, according to the mean estimate from
8 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for PennyMac Financial
Services Inc is for earnings of $1.10 per share. For the same
quarter last year, the company reported earnings of $2.94 per
share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for PennyMac
Financial Services Inc is $63.5​, above​ its last closing price
of $54.79. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  2.25        2.45       2.94      Beat    20.1
 Dec. 31 2022  3.57        3.57       2.79      Missed  -21.8
 Sep. 30 2021  3.53        3.50       3.80      Beat    8.4​
 Jun. 30 2021  3.21        3.21       2.94      Missed  -8.3
 ​​Mar.        5.79        5.74       5.15      Missed  -10.3
 31 2021                                                
 Dec. 31 2020  6.02        5.92       5.97      Beat    0.9​
 Sep. 30 2020  5.75        5.34       7.03      Beat    31.7
 Jun. 30 2020  3.14        2.90       4.39      Beat    51.6
 This summary was machine generated July 30 at 00:01 GMT.  All
figures in US dollars  unless otherwise stated