Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Benzinga Insights

Earnings Preview: PennyMac Mortgage

PennyMac Mortgage (NYSE:PMT) is set to give its latest quarterly earnings report on Thursday, 2022-05-05. Here's what investors need to know before the announcement.

Analysts estimate that PennyMac Mortgage will report an earnings per share (EPS) of $0.26.

PennyMac Mortgage bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed EPS by $0.72, which was followed by a 3.49% drop in the share price the next day.

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

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 0.44 0.48 0.60 0.63
EPS Actual -0.28 -0.45 0.32 0.67
Price Change % -3.49% -4.18% -1.79% 0.71%

Stock Performance

Shares of PennyMac Mortgage were trading at $15.93 as of May 03. Over the last 52-week period, shares are down 19.06%. Given that these returns are generally negative, long-term shareholders are likely bearish 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.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.