PennyMac Financial Servs Q2 EPS $1.11 Misses $1.49 Estimate, Sales $336.55M Miss $396.17M Estimate
Portfolio Pulse from Bill Haddad
PennyMac Financial Servs (NYSE:PFSI) reported Q2 earnings of $1.11 per share, missing the analyst consensus estimate of $1.49 by 25.5%. This is a 51.32% decrease from the same period last year. The company also reported quarterly sales of $336.55 million, missing the analyst consensus estimate of $396.17 million by 15.05%. This is a 34.21% decrease from the same period last year.
July 27, 2023 | 9:02 pm
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PennyMac Financial's Q2 earnings and sales missed estimates, marking a significant decrease from the same period last year.
PennyMac Financial's earnings and sales for Q2 significantly missed analyst estimates, and also marked a substantial decrease from the same period last year. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
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