We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PennyMac (PFSI) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
Read MoreHide Full Article
Analysts on Wall Street project that PennyMac Financial (PFSI - Free Report) will announce quarterly earnings of $2.34 per share in its forthcoming report, representing an increase of 310.5% year over year. Revenues are projected to reach $422.87 million, increasing 39.6% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 2.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific PennyMac metrics that are commonly monitored and projected by Wall Street analysts.
Analysts forecast 'Revenue- Net gains on loans held for sale at fair value' to reach $150.05 million. The estimate suggests a change of +43.7% year over year.
Analysts predict that the 'Revenue- Loan origination fees' will reach $34.60 million. The estimate points to a change of +10.2% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue- Fulfillment fees from PennyMac Mortgage Investment Trust' should come in at $4.88 million. The estimate indicates a change of -59.1% from the prior-year quarter.
Shares of PennyMac have demonstrated returns of -2.4% over the past month compared to the Zacks S&P 500 composite's -4% change. With a Zacks Rank #3 (Hold), PFSI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
PennyMac (PFSI) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
Analysts on Wall Street project that PennyMac Financial (PFSI - Free Report) will announce quarterly earnings of $2.34 per share in its forthcoming report, representing an increase of 310.5% year over year. Revenues are projected to reach $422.87 million, increasing 39.6% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 2.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific PennyMac metrics that are commonly monitored and projected by Wall Street analysts.
Analysts forecast 'Revenue- Net gains on loans held for sale at fair value' to reach $150.05 million. The estimate suggests a change of +43.7% year over year.
Analysts predict that the 'Revenue- Loan origination fees' will reach $34.60 million. The estimate points to a change of +10.2% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue- Fulfillment fees from PennyMac Mortgage Investment Trust' should come in at $4.88 million. The estimate indicates a change of -59.1% from the prior-year quarter.
View all Key Company Metrics for PennyMac here>>>
Shares of PennyMac have demonstrated returns of -2.4% over the past month compared to the Zacks S&P 500 composite's -4% change. With a Zacks Rank #3 (Hold), PFSI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>