A Peek at PennyMac Financial Servs's Future Earnings

A Peek at PennyMac Financial Servs's Future Earnings

Benzinga
October 21, 2024

PennyMac Financial Servs (NYSE:PFSI) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-22. Here's a quick overview of what investors should know before the release.

Analysts are estimating that PennyMac Financial Servs will report an earnings per share (EPS) of $2.86.

PennyMac Financial Servs bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Overview of Past Earnings

The company's EPS beat by $0.09 in the last quarter, leading to a 3.81% drop in the share price on the following day.

Here's a look at PennyMac Financial Servs's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.58

2.31

1.49

1.69

EPS Actual

2.67

2.48

2.63

1.77

Price Change %

-4.0%

-6.0%

5.0%

9.0%

Stock Performance

Shares of PennyMac Financial Servs were trading at $109.32 as of October 18. Over the last 52-week period, shares are up 68.22%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Take on PennyMac Financial Servs

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on PennyMac Financial Servs.

The consensus rating for PennyMac Financial Servs is Outperform, derived from 4 analyst ...

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