PennyMac Financial Servs Q2 Sales $406.127M Miss $466.567M Estimate
Portfolio Pulse from Benzinga Newsdesk
PennyMac Financial Services (NYSE:PFSI) reported Q2 sales of $406.127 million, missing the analyst consensus estimate of $466.567 million by 12.95%. Despite the miss, sales increased by 20.67% compared to the same period last year.
July 23, 2024 | 8:23 pm
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NEGATIVE IMPACT
PennyMac Financial Services reported Q2 sales of $406.127 million, missing the analyst consensus estimate by 12.95%. Despite the miss, sales increased by 20.67% year-over-year.
The miss on the sales estimate by 12.95% is likely to have a negative short-term impact on PFSI's stock price. However, the year-over-year sales increase of 20.67% may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100