Stock Analysis
- United States
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- Diversified Financial
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- NYSE:PFSI
PennyMac Financial Services First Quarter 2024 Earnings: Misses Expectations
PennyMac Financial Services (NYSE:PFSI) First Quarter 2024 Results
Key Financial Results
- Revenue: US$334.2m (down 38% from 1Q 2023).
- Net income: US$39.3m (up 29% from 1Q 2023).
- Profit margin: 12% (up from 5.6% in 1Q 2023).
- EPS: US$0.78 (up from US$0.61 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PennyMac Financial Services Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 29%. Earnings per share (EPS) also missed analyst estimates by 67%.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Diversified Financial industry in the US.
Performance of the American Diversified Financial industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before we wrap up, we've discovered 4 warning signs for PennyMac Financial Services (1 shouldn't be ignored!) that you should be aware of.
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About NYSE:PFSI
PennyMac Financial Services
PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States.
Reasonable growth potential and fair value.