PennyMac Financial Services Future Growth

Future criteria checks 4/6

PennyMac Financial Services is forecast to grow earnings and revenue by 48.9% and 11.6% per annum respectively. EPS is expected to grow by 46.8% per annum. Return on equity is forecast to be 15.4% in 3 years.

Key information

48.9%

Earnings growth rate

46.8%

EPS growth rate

Diversified Financial earnings growth	-0.08%
Revenue growth rate	11.6%
Future return on equity	15.4%
Analyst coverage	Good
Last updated	13 May 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

NYSE:PFSI - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	2,498	766	N/A	N/A	2
12/31/2025	2,133	652	N/A	N/A	6
12/31/2024	1,814	495	N/A	N/A	7
3/31/2024	1,800	154	754	785	N/A
12/31/2023	2,006	145	-1,618	-1,582	N/A
9/30/2023	1,515	219	-1,566	-1,523	N/A
6/30/2023	1,717	261	-1,194	-1,135	N/A
3/31/2023	1,724	332	-1,731	-1,659	N/A
12/31/2022	1,628	476	5,950	6,033	N/A
9/30/2022	2,072	611	5,249	5,337	N/A
6/30/2022	2,626	725	7,289	7,363	N/A
3/31/2022	3,305	800	8,172	8,238	N/A
12/31/2021	3,582	1,003	2,506	2,563	N/A
9/30/2021	3,902	1,283	442	495	N/A
6/30/2021	4,211	1,569	-5,282	-5,233	N/A
3/31/2021	4,160	1,718	-6,774	-6,717	N/A
12/31/2020	5,181	1,647	-6,283	-6,199	N/A
9/30/2020	4,458	1,347	-4,556	-4,479	N/A
6/30/2020	4,060	933	-1,081	-998	N/A
3/31/2020	3,698	653	-2,923	-2,841	N/A
12/31/2019	2,456	393	-2,508	-2,245	N/A
9/30/2019	2,349	279	-2,162	-1,850	N/A
6/30/2019	1,820	172	-1,362	-905	N/A
3/31/2019	1,447	117	-544	-99	N/A
12/31/2018	1,108	88	314	572	N/A
9/30/2018	1,211	111	275	495	N/A
6/30/2018	1,222	114	493	565	N/A
3/31/2018	1,218	106	-464	-235	N/A
12/31/2017	1,196	101	N/A	-883	N/A
9/30/2017	1,196	61	N/A	331	N/A
6/30/2017	1,238	68	N/A	-833	N/A
3/31/2017	1,250	72	N/A	-533	N/A
12/31/2016	1,232	66	N/A	-938	N/A
9/30/2016	1,134	56	N/A	-1,344	N/A
6/30/2016	1,004	45	N/A	-484	N/A
3/31/2016	921	43	N/A	-295	N/A
12/31/2015	868	47	N/A	53	N/A
9/30/2015	793	43	N/A	-403	N/A
6/30/2015	706	41	N/A	-569	N/A
3/31/2015	627	38	N/A	-577	N/A
12/31/2014	560	37	N/A	-579	N/A
9/30/2014	514	34	N/A	-725	N/A
6/30/2014	458	29	N/A	-373	N/A
3/31/2014	428	22	N/A	-541	N/A
12/31/2013	416	14	N/A	-98	N/A
9/30/2013	425	63	N/A	-102	N/A
6/30/2013	411	96	N/A	-322	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PFSI's forecast earnings growth (48.9% per year) is above the savings rate (2.4%).

Earnings vs Market: PFSI's earnings (48.9% per year) are forecast to grow faster than the US market (14.4% per year).

High Growth Earnings: PFSI's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PFSI's revenue (11.6% per year) is forecast to grow faster than the US market (8.4% per year).

High Growth Revenue: PFSI's revenue (11.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PFSI's Return on Equity is forecast to be low in 3 years time (15.4%).

PennyMac Financial Services Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 15%

Consensus EPS estimates increase by 11%

Price target increased by 8.7% to US$94.13

Consensus EPS estimates fall by 13%

Price target increased by 8.6% to US$86.43

Price target increased by 7.3% to US$79.57

Recent updates

CEO & Chairman recently sold US$906k worth of stock

President recently sold US$2.7m worth of stock

President notifies of intention to sell stock

Senior MD & CFO recently sold US$1.0m worth of stock

Senior MD & CFO notifies of intention to sell stock

Independent Director recently sold US$1.5m worth of stock

Independent Director notifies of intention to sell stock

Consensus EPS estimates fall by 15%

First quarter dividend of US$0.20 announced

First quarter 2024 earnings: EPS and revenues miss analyst expectations

PennyMac Financial Services, Inc. Declares First Quarter Cash Dividend, Payable on May 24, 2024

PennyMac Financial Services, Inc., Annual General Meeting, Jun 05, 2024

CEO & Chairman recently sold US$907k worth of stock

Senior MD recently sold US$470k worth of stock

Senior MD notifies of intention to sell stock

CEO & Chairman notifies of intention to sell stock

Senior MD & Chief Digital Officer recently sold US$428k worth of stock

CEO & Chairman exercised options and sold US$1.5m worth of stock

PennyMac Financial Services, Inc. Announces Executive Changes

Insufficient new directors

CEO & Chairman recently sold US$1.3m worth of stock

Senior MD & CFO notifies of intention to sell stock

Consensus EPS estimates increase by 11%

PennyMac Financial Services (NYSE:PFSI) Will Pay A Dividend Of $0.20

Fourth quarter dividend of US$0.20 announced

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

PennyMac Financial Services, Inc. Declares Cash Dividend for Fourth Quarter 2023, Payable on February 23, 2024

PennyMac Financial Services, Inc. to Report Q4, 2023 Results on Feb 01, 2024

CEO & Chairman recently sold US$1.3m worth of stock

CEO & Chairman notifies of intention to sell stock

PennyMac Financial Services, Inc.'s (NYSE:PFSI) Price In Tune With Earnings

Price target increased by 8.7% to US$94.13

President recently sold US$2.8m worth of stock

CEO & Chairman notifies of intention to sell stock

CEO & Chairman recently sold US$1.2m worth of stock

Senior MD & CFO recently sold US$579k worth of stock

Senior MD & CFO notifies of intention to sell stock

CEO & Chairman recently sold US$1.1m worth of stock

Upcoming dividend of US$0.20 per share at 1.1% yield

PennyMac Financial Services (NYSE:PFSI) Is Due To Pay A Dividend Of $0.20

Third quarter 2023 earnings released: EPS: US$1.86 (vs US$2.59 in 3Q 2022)

PennyMac Financial Services, Inc. Declares Cash Dividend for the Third Quarter, Payable on November 22, 2023

PennyMac Financial Services, Inc. to Report Q3, 2023 Results on Oct 26, 2023

CEO & Chairman recently sold US$987k worth of stock

CEO & Chairman recently sold US$1.0m worth of stock

CEO & Chairman notifies of intention to sell stock

Senior MD & CFO recently sold US$550k worth of stock

Senior MD & CFO notifies of intention to sell stock

CEO & Chairman recently sold US$1.1m worth of stock

Upcoming dividend of US$0.20 per share at 1.1% yield

Consensus EPS estimates fall by 13%

PennyMac Financial Services' (NYSE:PFSI) Dividend Will Be $0.20

Price target increased by 8.6% to US$86.43

New minor risk - Profit margin trend

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

PennyMac Financial Services, Inc. Declares Second Quarter Cash Dividend, Payable on August 25, 2023

CEO & Chairman recently sold US$1.2m worth of stock

Price target increased by 7.3% to US$79.57

PennyMac Financial Services, Inc. to Report Q2, 2023 Results on Jul 27, 2023

CEO & Chairman recently sold US$1.0m worth of stock

Director notifies of intention to sell stock

President recently sold US$1.2m worth of stock

President notifies of intention to sell stock

CEO & Chairman recently sold US$929k worth of stock

CEO & Chairman notifies of intention to sell stock

Upcoming dividend of US$0.20 per share at 1.4% yield

Consensus EPS estimates fall by 13%

First quarter 2023 earnings: EPS and revenues miss analyst expectations

CEO & Chairman recently sold US$896k worth of stock