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

PennyMac Mortgage Investment Trust

01/02/2024 22:37

* PennyMac Mortgage Investment Trust  PMT.N  reported
quarterly
adjusted earnings of 44 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of -7 cents.  The mean expectation of
nine analysts for the quarter was for earnings of 32 cents per
share. Wall Street expected results to range from 20 cents to 60
cents per share.
    * Revenue rose 71.7% to $84.77 million from a year ago;
analysts
expected $97.10 million. 
    * PennyMac Mortgage Investment Trust's reported EPS for the
quarter was 44 cents​.
    * The company reported quarterly net income of $42.46
million.
    * PennyMac Mortgage Investment Trust shares had fallen
by 4.1%
this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 7
"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 $15.00 
This summary was machine generated from LSEG data February 1 at
10:37 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 2023      0.32           0.44           Beat
 Sep. 30 2023      0.30           0.51           Beat
 Jun. 30 2023      0.35           0.16           Missed
 Mar. 31 2023      0.33           0.50           Beat