PennyMac Financial Services Inc reports results for the quarter ended in January 1 - Earnings Summary

PennyMac Financial Services

23/10/2024 05:13

* PennyMac Financial Services Inc  PFSI.N  reported
quarterly
adjusted earnings of $1.30​​ per share for the quarter ended
January 1, lower than the same quarter last year, when the
company reported EPS of $1.77.  The mean expectation of
ten analysts for the quarter was for earnings of $2.90 per
share. Wall Street expected results to range from $2.69 
to $3.19 per share.
    * Revenue rose 2.9% to $411.83 million from a year ago;
analysts
expected $511.41 million. 
    * PennyMac Financial Services Inc's reported EPS for the
quarter
was $1.30​.
    * The company reported quarterly net income of $69.37
million.
    * PennyMac Financial Services Inc shares had fallen by 7.9%
this
quarter and gained 18.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"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 $125.00 
This summary was machine generated from LSEG data October 23 at
04:13 a.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
 Sep. 30 2024      2.90           1.30           Missed
 Jun. 30 2024      2.58           1.85           Missed
 Mar. 31 2024      2.31           2.48           Beat
 Dec. 31 2023      1.49           -0.74          Missed