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

PennyMac Mortgage Investment Trust

27/07/2023 23:33

* PennyMac Mortgage Investment Trust  PMT.N  reported
quarterly
adjusted earnings of 16 cents​​ per share for the quarter ended
in June. The mean expectation of nine analysts for the quarter
was for earnings of 35 cents per share.
    * Revenue rose 688.5% to $169.52 million from a year ago;
analysts
expected $108.18 million. 
    * PennyMac Mortgage Investment Trust's reported EPS for the
quarter was 16 cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * PennyMac Mortgage Investment Trust shares had risen
by 6.8% this
quarter and gained 16.1% so far this year.
    * The company reported quarterly net income of $14.17
million.
    * Wall Street's median 12-month price target for PennyMac
Mortgage
Investment Trust is $15.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
27 at 10:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.35           0.16           Missed
 Mar. 31 2023      0.33           0.50           Beat
 Dec. 31 2022      0.38           -0.07          Missed
 Sep. 30 2022      0.25           0.01           Missed