PennyMac Financial Services Inc expected to post earnings of $2.31 a share - Earnings Preview

PennyMac Financial Services

22/04/2024 23:11

* PennyMac Financial Services Inc  PFSI.N   PFSI.K  is
expected
to show a rise in quarterly revenue when it reports  results on
April 24 for the period ending March 31 2024
    * The Westlake Village California-based  company is expected
to
report a 42.8% increase in revenue to $432.416 million from
$302.86 million a year ago, according to the mean estimate from
8 analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for PennyMac Financial
Services
Inc is for earnings of $2.31 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "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 $110.00​, above​ its last closing
price of $90.46. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.45        1.49       -0.74     Missed  -149.6
 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.        1.06        1.06       0.71      Missed  -33.1
 31 2022                                                
 Sep. 30 2022  1.13        1.13       2.46      Beat    117.6​
 Jun. 30 2022  1.10        1.10       2.28      Beat    106.7
 Mar. 31 2022  2.25        2.45       2.94      Beat    20.1
 This summary was machine generated April 22 at 22:11 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)