An Overview of PennyMac Mortgage's Earnings

PennyMac Mortgage PMT is preparing to release its quarterly earnings on Tuesday, 2024-10-22. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect PennyMac Mortgage to report an earnings per share (EPS) of $0.34.

Anticipation surrounds PennyMac Mortgage's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Historical Earnings Performance

Last quarter the company missed EPS by $0.18, which was followed by a 7.95% drop in the share price the next day.

Here's a look at PennyMac Mortgage's past performance and the resulting price change:

Market Performance of PennyMac Mortgage's Stock

Shares of PennyMac Mortgage were trading at $14.06 as of October 18. Over the last 52-week period, shares are up 29.15%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for PennyMac Mortgage visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.