PennyMac Financial Services, Inc. reports results for the quarter ended September 30 - Earnings Summary

• PennyMac Financial Services, Inc. PFSI.N reported quarterly adjusted earnings of 54 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $3.37. The mean expectation of eight analysts for the quarter was for earnings of $1.47 per share. Wall Street expected results to range from $1.10 to $1.90 per share.

• Revenue fell 25.9% to $469.00 million from a year ago; analysts expected $536.53 million.

• PennyMac Financial Services, Inc.'s reported EPS for the quarter was 54 cents​.

• The company reported quarterly net income of $29 million.

• PennyMac Financial Services, Inc. shares had risen by 2.8% this quarter and lost 51.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 19.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for PennyMac Financial Services, Inc. is $90.00, about 28.4% above its last closing price of $64.41

This summary was machine generated from LSEG data October 29 at 11:33 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)