PennyMac Financial Services Inc reports results for the quarter ended in December - Earnings Summary

PennyMac Financial Services

01/02/2024 22:27

* PennyMac Financial Services Inc  PFSI.N  reported a
quarterly
adjusted loss of 74 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 71 cents.  The mean expectation of
nine analysts for the quarter was for earnings of $1.49 per
share. Wall Street expected results to range from -86 cents
to $1.96 per share.
    * Revenue fell 18.6% to $361.94 million from a year ago;
analysts
expected $411.45 million. 
    * PennyMac Financial Services Inc's reported EPS for the
quarter
was a loss of 74 cents​.
    * The company reported a quarterly loss of $36.84 million.
    * PennyMac Financial Services Inc shares had fallen by 1.3%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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
also "buy"

Wall Street's median 12-month price target for PennyMac
Financial Services Inc is $100.00 
This summary was machine generated from LSEG data February 1 at
10:26 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.49           -0.74          Missed
 Sep. 30 2023      1.69           1.77           Beat
 Jun. 30 2023      1.49           1.11           Missed
 Mar. 31 2023      1.06           0.57           Missed