PennyMac Mortgage Q3 2024 GAAP EPS $0.36 Beats $0.34 Estimate, Sales $80.864M Miss $93.258M Estimate
Portfolio Pulse from Benzinga Newsdesk
PennyMac Mortgage reported Q3 2024 earnings per share of $0.36, surpassing the expected $0.34. However, sales were $80.864 million, falling short of the $93.258 million estimate and marking a 50.52% decline from the previous year.
October 22, 2024 | 8:19 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
PennyMac Mortgage's Q3 2024 earnings per share exceeded expectations, but sales significantly missed estimates and declined by over 50% year-over-year.
While PennyMac Mortgage's EPS beat expectations, the significant miss in sales and the large year-over-year decline could create mixed sentiment among investors. The positive EPS might provide some support, but the sales miss could weigh on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100