Stock Analysis
- United States
- /
- Diversified Financial
- /
- NYSE:PFSI
PennyMac Financial Services Full Year 2024 Earnings: Misses Expectations
PennyMac Financial Services (NYSE:PFSI) Full Year 2024 Results
Key Financial Results
- Revenue: US$2.86b (up 28% from FY 2023).
- Net income: US$311.4m (up 115% from FY 2023).
- Profit margin: 11% (up from 6.5% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: US$6.11 (up from US$2.89 in FY 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 3.3%. Earnings per share (EPS) also missed analyst estimates by 19%.
The primary driver behind last 12 months revenue was the Mortgage Banking - Production segment contributing a total revenue of US$941.7m (33% of total revenue). Explore how PFSI's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 6.5% 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
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for PennyMac Financial Services (2 are concerning) you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:PFSI
PennyMac Financial Services
Through its subsidiaries, engages in the mortgage banking and investment management activities in the United States.
