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

PennyMac Financial Services

24/04/2024 23:47

* PennyMac Financial Services Inc  PFSI.N  reported
quarterly
adjusted earnings of 74 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of 57 cents.  The mean expectation of
ten analysts for the quarter was for earnings of $2.31 per
share. Wall Street expected results to range from $2.07 
to $2.60 per share.
    * Revenue rose 0.9% to $305.66 million from a year ago;
analysts
expected $432.42 million. 
    * PennyMac Financial Services Inc's reported EPS for the
quarter
was 74 cents​.
    * The company reported quarterly net income of $39.31
million.
    * PennyMac Financial Services Inc shares had risen by 1.9%
this
quarter and gained 5.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 18.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 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 $110.00 
This summary was machine generated from LSEG data April 24 at
10:47 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
 Mar. 31 2024      2.31           0.74           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