PennyMac Financial Services Inc expected to post earnings of $2.45 a share - Earnings Preview

PennyMac Financial Services

04/05/2022 03:11

* PennyMac Financial Services Inc  PFSI.N   PFSI.K  is
expected
to show a fall in quarterly revenue when it reports  results on
May 5. 
    * The Westlake Village California-based  company is expected
to
report  a 33.3% decrease in revenue to $630.375 million from
$944.69 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 $2.45 per share. For the same
quarter last year, the company reported earnings of $5.15 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 had fallen by
about 0.2%
in the last three months. ​
    * Wall Street's median 12-month price target for PennyMac
Financial Services Inc is $71.5​, above​ its last closing price
of $49.76. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  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. 31 2021  5.79        5.74       5.15      Missed  -10.3
 ​​Dec.        6.02        5.92       5.97      Beat    0.9
 31 2020                                                
 Sep. 30 2020  5.75        5.34       7.03      Beat    31.7​
 Jun. 30 2020  3.14        2.90       4.39      Beat    51.6
 Mar. 31 2020  3.32        2.79       3.73      Beat    33.6
 This summary was machine generated May 4 at 02:11 GMT.  All
figures in US dollars  unless otherwise stated