PennyMac Mortgage: Q1 Earnings Insights

PennyMac Mortgage PMT reported its Q1 earnings results on Thursday, April 27, 2023 at 04:30 PM.

Here's what investors need to know about the announcement.

PennyMac Mortgage beat estimated earnings by 51.52%, reporting an EPS of $0.5 versus an estimate of $0.33.

Revenue was up $8.53 million from the same period last year.

Last quarter the company missed on EPS by $0.45 which was followed by a 3.55% drop in the share price the next day.

Here's a look at PennyMac Mortgage's past performance:

Quarter	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.33	0.38	0.25	0.23	0.26
EPS Actual	0.50	-0.07	0.01	-0.88	-0.32
Revenue Estimate	96.35M	103.78M	117.25M	111.88M	110.32M
Revenue Actual	90.37M	49.37M	151.06M	21.50M	81.84M

To track all earnings releases for PennyMac Mortgage visit their earnings calendar here.

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