PennyMac Mortgage Investment Trust expected to post earnings of 33 cents a share - Earnings Preview

PennyMac Mortgage Investment Trust

22/04/2024 21:52

* PennyMac Mortgage Investment Trust  PMT.N   PMT  is
expected
to show a fall in quarterly revenue when it reports  results on
April 24 for the period ending March 31 2024
    * The Westlake Village California-based  company is expected
to
report a 5.5% decrease in revenue to $85.366 million from $90.37
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for PennyMac Mortgage
Investment
Trust is for earnings of 33 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for PennyMac
Mortgage
Investment Trust is $14.50​, above​ its last closing price
of $13.66. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.33        0.32       0.44      Beat    36.3
 Sep. 30 2023  0.30        0.30       0.51      Beat    69.7
 Jun. 30 2023  0.35        0.35       0.16      Missed  -53.7​
 Mar. 31 2023  0.32        0.33       0.50      Beat    50.1
 ​​Dec.        0.37        0.38       -0.07     Missed  -118.5
 31 2022                                                
 Sep. 30 2022  0.08        0.25       0.01      Missed  -96​
 Jun. 30 2022  -0.09       0.23       -0.88     Missed  -484.3
 Mar. 31 2022  0.24        0.28       -0.32     Missed  -214
 This summary was machine generated April 22 at 20:52 GMT.  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)