An Overview of PennyMac Mortgage's Earnings
Portfolio Pulse from Benzinga Insights
PennyMac Mortgage (NYSE:PMT) is set to release its quarterly earnings on October 22, 2024. Analysts expect an EPS of $0.34. The company's past performance shows mixed results, with a significant share price drop following a miss last quarter. Investors are keen on both the earnings and future guidance.
October 21, 2024 | 6:02 pm
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PennyMac Mortgage is expected to announce its quarterly earnings with an anticipated EPS of $0.34. The market is focused on both the earnings results and the guidance for the next quarter. Previous earnings misses have led to significant share price drops.
The upcoming earnings release is crucial for PennyMac Mortgage as past performance has shown significant stock price reactions to earnings results. The expected EPS is $0.34, and any deviation from this, along with the guidance provided, will likely impact the stock price. Given the historical context of a 7.95% drop following a miss, investors are particularly attentive to this announcement.
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