PennyMac Financial Services Inc reports results for the quarter ended June 30 - Earnings Summary

• PennyMac Financial Services Inc PFSI.N reported quarterly adjusted earnings of $2.54​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.85. The mean expectation of nine analysts for the quarter was for earnings of $2.86 per share. Wall Street expected results to range from $1.96 to $3.46 per share.

• Revenue rose 9.5% to $444.73 million from a year ago; analysts expected $553.79 million.

• PennyMac Financial Services Inc's reported EPS for the quarter was $2.54​.

• The company reported quarterly net income of $136.46 million.

• PennyMac Financial Services Inc shares had risen by 2.3% this quarter and lost 0.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14% 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 $123.00, about 15.2% above its last closing price of $104.25

This summary was machine generated from LSEG data July 22 at 09:02 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)