PennyMac Mortgage's Earnings Outlook
Portfolio Pulse from Benzinga Insights
PennyMac Mortgage (NYSE:PMT) is set to release its quarterly earnings report on October 26, 2023. Analysts estimate an earnings per share (EPS) of $0.30. The company's past performance shows a pattern of share price changes following earnings reports. Last quarter, the company missed EPS by $0.19, resulting in an 8.88% drop in share price. The company's shares are currently trading at $10.72, down 15.34% over the last 52-week period.
October 25, 2023 | 5:01 pm
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NEUTRAL IMPACT
PennyMac Mortgage's upcoming earnings report could potentially impact its stock price. The company's past performance shows a pattern of share price changes following earnings reports.
PennyMac Mortgage's stock price has shown to be sensitive to its earnings reports. Last quarter, the company missed its EPS estimate, which resulted in an 8.88% drop in share price. Given this pattern, the upcoming earnings report could potentially impact the company's stock price.
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