PennyMac Financial Services Inc reports results for the quarter ended December 31 - Earnings Summary

• PennyMac Financial Services Inc PFSI.N reported quarterly adjusted earnings of $1.95​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -74 cents. The mean expectation of nine analysts for the quarter was for earnings of $3.12 per share. Wall Street expected results to range from $2.58 to $3.94 per share.

• Revenue rose 29.9% to $470.11 million from a year ago; analysts expected $522.36 million.

• PennyMac Financial Services Inc's reported EPS for the quarter was $1.95​.

• The company reported quarterly net income of $104.49 million.

• PennyMac Financial Services Inc shares had risen by 9.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.6% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for PennyMac Financial Services Inc is $124.00

This summary was machine generated from LSEG data January 30 at 10:01 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)