PennyMac Mortgage Investment Trust reports results for the quarter ended December 31 - Earnings Summary

PennyMac Mortgage Investment Trust

30/01/2025 22:01

* PennyMac Mortgage Investment Trust  PMT.N  reported
quarterly
adjusted earnings of 41 cents​​ per share for the quarter ended
December 31, lower than the same quarter last year, when the
company reported EPS of 44 cents.  The mean expectation of
nine analysts for the quarter was for earnings of 36 cents per
share. Wall Street expected results to range from 28 cents to 39
cents per share.
    * Revenue rose 27.3% to $107.93 million from a year ago;
analysts
expected $93.95 million. 
    * PennyMac Mortgage Investment Trust's reported EPS for the
quarter was 41 cents​.
    * The company reported quarterly net income of $36.08
million.
    * PennyMac Mortgage Investment Trust shares had risen
by 0.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4% 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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for PennyMac Mortgage
Investment Trust is $14.25 
This summary was machine generated from LSEG data January 30 at
10:00 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 2024      0.36           0.41           Beat
 Sep. 30 2024      0.36           0.36           Met
 Jun. 30 2024      0.35           0.17           Missed
 Mar. 31 2024      0.33           0.39           Beat