PennyMac Mortgage Q4 EPS $0.44 Beats $0.32 Estimate, Sales $84.77M Miss $97.10M Estimate
Portfolio Pulse from totan@benzinga.com
PennyMac Mortgage (PMT) reported Q4 earnings of $0.44 per share, surpassing the $0.32 estimate, marking a 728.57% increase from last year. However, their sales of $84.77M fell short of the $97.10M estimate, despite being a 71.72% increase from the previous year.
February 01, 2024 | 9:27 pm
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POSITIVE IMPACT
PennyMac Mortgage (PMT) exceeded Q4 EPS estimates but missed on sales, showing significant year-over-year growth in both metrics.
PMT's significant beat on EPS estimates and substantial year-over-year earnings growth are likely to positively impact investor sentiment and the stock price in the short term. However, the miss on sales estimates could temper some of the enthusiasm, but the overall positive earnings growth and beat on EPS are expected to have a more significant influence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100