PennyMac Financial Services Inc expected to post earnings of $1.49 a share - Earnings Preview

PennyMac Financial Services

29/01/2024 11:14

* PennyMac Financial Services Inc  PFSI.N   PFSI.K  is
expected
to show a fall in quarterly revenue when it reports  results on
January 31 (estimated) for the period ending December 31 2023
    * The Westlake Village California-based  company is expected
to
report a 7.4% decrease in revenue to $411.451 million from
$444.4 million a year ago, according to the mean estimate from 7
analysts, based on LSEG data. (Sal is on net revenue basis)
    * ​LSEG's mean analyst estimate for PennyMac Financial
Services
Inc is for earnings of $1.49 per share. 
    * 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 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 $100.00​, above​ its last closing
price of $87.63. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.67        1.69       1.77      Beat    4.7
 Jun. 30 2023  1.53        1.49       1.11      Missed  -25.6
 Mar. 31 2023  1.05        1.06       0.57      Missed  -46.3​
 Dec. 31 2022  1.06        1.06       0.71      Missed  -33.1
 ​​Sep.        1.13        1.13       2.46      Beat    117.6
 30 2022                                                
 Jun. 30 2022  1.10        1.10       2.28      Beat    106.7​
 Mar. 31 2022  2.25        2.45       2.94      Beat    20.1
 Dec. 31 2021  3.57        3.57       2.79      Missed  -21.8
 This summary was machine generated January 29 at 11:14 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)