PennyMac Mortgage Investment Trust reports results for the quarter ended in January 1 - Earnings Summary

PennyMac Mortgage Investment Trust

23/10/2024 05:10

* PennyMac Mortgage Investment Trust  PMT.N  reported
quarterly
adjusted earnings of 36 cents​​ per share for the quarter ended
January 1, lower than the same quarter last year, when the
company reported EPS of 51 cents.  The mean expectation of
ten analysts for the quarter was for earnings of 36 cents per
share. Wall Street expected results to range from 32 cents to 50
cents per share.
    * Revenue fell 50.5% to $80.86 million from a year ago;
analysts
expected $90.91 million. 
    * PennyMac Mortgage Investment Trust's reported EPS for the
quarter was 36 cents​.
    * The company reported quarterly net income of $54.33
million.
    * PennyMac Mortgage Investment Trust shares had fallen
by 3.2%
this quarter and lost 7.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.5%
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 3 "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 $15.00 
This summary was machine generated from LSEG data October 23 at
04:10 a.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
 Sep. 30 2024      0.36           0.36           Met
 Jun. 30 2024      0.35           0.17           Missed
 Mar. 31 2024      0.33           0.39           Beat
 Dec. 31 2023      0.32           0.44           Beat