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

PennyMac Mortgage Investment Trust

27/10/2023 03:21

* PennyMac Mortgage Investment Trust  PMT.N  reported
quarterly
adjusted earnings of 51 cents​​ per share for the quarter ended
in September. The mean expectation of eight analysts for the
quarter was for earnings of 30 cents per share.
    * Revenue rose 8.2% to $163.43 million from a year ago;
analysts
expected $85.37 million. 
    * PennyMac Mortgage Investment Trust's reported EPS for the
quarter was 51 cents​.
    * The mean earnings estimate of analysts had fallen by
about 17.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * PennyMac Mortgage Investment Trust shares had fallen
by 14.9%
this quarter and lost 14.9% so far this year.
    * The company reported quarterly net income of $50.97
million.
    * Wall Street's median 12-month price target for PennyMac
Mortgage
Investment Trust is $13.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 27 at 02:21 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.30           0.51           Beat
 Jun. 30 2023      0.35           0.16           Missed
 Mar. 31 2023      0.33           0.50           Beat
 Dec. 31 2022      0.38           -0.07          Missed