PennyMac Mortgage Investment Trust PMT.N reported quarterly adjusted earnings of 41 cents per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 44 cents. The mean expectation of nine analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 28 cents to 39 cents per share.
Revenue rose 27.3% to $107.93 million from a year ago; analysts expected $93.95 million.
PennyMac Mortgage Investment Trust's reported EPS for the quarter was 41 cents.
The company reported quarterly net income of $36.08 million.
PennyMac Mortgage Investment Trust shares had risen by 0.8% this quarter.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 4% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 8 "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 $14.25
This summary was machine generated from LSEG data January 30 at 10:00 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 |
Dec. 31 2024 | 0.36 | 0.41 | Beat |
Sep. 30 2024 | 0.36 | 0.36 | Met |
Jun. 30 2024 | 0.35 | 0.17 | Missed |
Mar. 31 2024 | 0.33 | 0.39 | Beat |