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

PennyMac Mortgage Investment Trust

24/04/2024 23:34

* PennyMac Mortgage Investment Trust  PMT.N  reported
quarterly
adjusted earnings of 39 cents​​ per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of 50 cents.  The mean expectation of
ten analysts for the quarter was for earnings of 33 cents per
share. Wall Street expected results to range from 28 cents to 37
cents per share.
    * Revenue fell 17.9% to $74.21 million from a year ago;
analysts
expected $85.37 million. 
    * PennyMac Mortgage Investment Trust's reported EPS for the
quarter was 39 cents​.
    * The company reported quarterly net income of $47.61
million.
    * PennyMac Mortgage Investment Trust shares had fallen
by 5.2%
this quarter and lost 7.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 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 $14.50 
This summary was machine generated from LSEG data April 24 at
10:34 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
 Mar. 31 2024      0.33           0.39           Beat
 Dec. 31 2023      0.32           0.44           Beat
 Sep. 30 2023      0.30           0.51           Beat
 Jun. 30 2023      0.35           0.16           Missed