PennyMac Mortgage Investment Trust expected to post earnings of 23  cents a share - Earnings Preview

PennyMac Mortgage Investment Trust

29/07/2022 23:53

* PennyMac Mortgage Investment Trust  PMT.N   PMT  is
expected
to show a fall in quarterly revenue when it reports  results on
August 2. 
    * The Westlake Village California-based  company is expected
to
report  a 8.0% decrease in revenue to $111.88 million from
$121.57 million a year ago, according to the mean estimate from
3 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for PennyMac Mortgage
Investment Trust is for earnings of 23 cents per share. For the
same quarter last year, the company reported earnings of 32
cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 8.6%
in the last three months. ​
    * Wall Street's median 12-month price target for PennyMac
Mortgage
Investment Trust is $17​, above​ its last closing price
of $15.36. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  0.24        0.28       -0.32     Missed  -214
 Dec. 31 2022  0.39        0.44       -0.28     Missed  -163.8
 Sep. 30 2021  0.46        0.48       -0.45     Missed  -193.5
                                                        ​
 Jun. 30 2021  0.60        0.60       0.32      Missed  -46.8
 ​​Mar.        0.64        0.63       0.67      Beat    6.7
 31 2021                                                
 Dec. 31 2020  0.69        0.70       0.78      Beat    11.2​
 Sep. 30 2020  0.63        0.73       0.94      Beat    29.2
 Jun. 30 2020  2.94        2.13       4.51      Beat    111.4
 This summary was machine generated July 29 at 22:53 GMT.  All
figures in US dollars  unless otherwise stated