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PennyMac (PFSI) to Report Q4 Earnings: What's in the Offing?
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PennyMac Financial Services, Inc. (PFSI - Free Report) is scheduled to report fourth-quarter 2019 results, after the market on Feb 6. The company’s revenues and earnings are projected to reflect year-over-year increases.
In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate. Results reflected growth in revenues and higher expenses.
The company has an impressive earnings surprise history. Its earnings surpassed the consensus estimate in three of the trailing four quarters, the average beat being 12.1%.
PennyMac Financial Services, Inc. Price, Consensus and EPS Surprise
Further, the company’s activities in the fourth quarter were adequate to win analysts’ confidence. As a result, the Zacks Consensus Estimate for earnings of $1.57 moved up 4.7%, over the last seven days. The figure indicates a year-over-year increase of 149.2%.
Let’s see how things have shaped up for this announcement.
The company does not have the right combination of the two key ingredients for a possible earnings beat — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold).
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for the stock is currently pegged at -5.10%.
Zacks Rank: PennyMac currently sports a Zacks Rank of 1, which increases the predictive power of ESP. But we also need to have a positive ESP to be confident of a positive earnings surprise. You can see the complete list of today’s Zacks #1 Rank stocks here.
Key Factors
PennyMac’s top line is likely to have benefited from increase in mortgage loan originations and refinancing activities in the fourth quarter on account of lower mortgage rates.
However, the company’s other investments portfolio’s interest income might have been affected due to relatively lower interest rates. The Zacks Consensus Estimate for quarterly sales of $444.3 million reflects an increase of 76.9% from the year-ago reported figure.
Moreover, as salaries and benefits costs continue to increase, overall expenses are expected to have flared up in the soon-to-be-reported quarter. Also, the company’s efforts to expand into new markets and products might have escalated expenses.
Among other finance stocks, Bank of N.T. Butterfield & Son Limited (The) (NTB - Free Report) , Fidelity National Information Services, Inc. (FIS - Free Report) and Main Street Capital Corporation (MAIN - Free Report) are slated to release results on Feb 12, Feb 13 and Feb 27, respectively.
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PennyMac (PFSI) to Report Q4 Earnings: What's in the Offing?
PennyMac Financial Services, Inc. (PFSI - Free Report) is scheduled to report fourth-quarter 2019 results, after the market on Feb 6. The company’s revenues and earnings are projected to reflect year-over-year increases.
In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate. Results reflected growth in revenues and higher expenses.
The company has an impressive earnings surprise history. Its earnings surpassed the consensus estimate in three of the trailing four quarters, the average beat being 12.1%.
PennyMac Financial Services, Inc. Price, Consensus and EPS Surprise
PennyMac Financial Services, Inc. price-consensus-eps-surprise-chart | PennyMac Financial Services, Inc. Quote
Further, the company’s activities in the fourth quarter were adequate to win analysts’ confidence. As a result, the Zacks Consensus Estimate for earnings of $1.57 moved up 4.7%, over the last seven days. The figure indicates a year-over-year increase of 149.2%.
Let’s see how things have shaped up for this announcement.
The company does not have the right combination of the two key ingredients for a possible earnings beat — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold).
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for the stock is currently pegged at -5.10%.
Zacks Rank: PennyMac currently sports a Zacks Rank of 1, which increases the predictive power of ESP. But we also need to have a positive ESP to be confident of a positive earnings surprise. You can see the complete list of today’s Zacks #1 Rank stocks here.
Key Factors
PennyMac’s top line is likely to have benefited from increase in mortgage loan originations and refinancing activities in the fourth quarter on account of lower mortgage rates.
However, the company’s other investments portfolio’s interest income might have been affected due to relatively lower interest rates. The Zacks Consensus Estimate for quarterly sales of $444.3 million reflects an increase of 76.9% from the year-ago reported figure.
Moreover, as salaries and benefits costs continue to increase, overall expenses are expected to have flared up in the soon-to-be-reported quarter. Also, the company’s efforts to expand into new markets and products might have escalated expenses.
Among other finance stocks, Bank of N.T. Butterfield & Son Limited (The) (NTB - Free Report) , Fidelity National Information Services, Inc. (FIS - Free Report) and Main Street Capital Corporation (MAIN - Free Report) are slated to release results on Feb 12, Feb 13 and Feb 27, respectively.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>