PennyMac Mortgage Q2 EPS $0.16 Misses $0.35 Estimate, Sales $90.45M Miss $108.18M Estimate
Portfolio Pulse from sunil@benzinga.com
PennyMac Mortgage (NYSE:PMT) reported Q2 earnings of $0.16 per share, missing the analyst consensus estimate of $0.35 by 54.29%. The company also reported quarterly sales of $90.45 million, missing the analyst consensus estimate of $108.18 million by 16.39%. However, this represents a 118.18% increase in earnings and a 320.71% increase in sales compared to the same period last year.
July 27, 2023 | 8:46 pm
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NEGATIVE IMPACT
PennyMac Mortgage's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term. However, the significant YoY growth could mitigate this impact.
PennyMac Mortgage's Q2 earnings and sales fell short of analyst estimates, which could lead to a negative sentiment among investors and a potential drop in the stock price. However, the significant YoY growth in earnings and sales could be seen as a positive sign of the company's performance, potentially mitigating the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100