PennyMac Financial Servs: Q4 Earnings Insights – PennyMac Financial Servs (NYSE:PFSI)

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The Q4 earnings report for PennyMac Financial Servs PFSI was released on Thursday, January 30, 2025 at 04:15 PM.

Here’s what investors need to know about the latest announcement.

Earnings

PennyMac Financial Servs missed estimated earnings by -5.0%, reporting an EPS of $2.88 versus an estimate of $3.02.

Revenue was up $108.17 million from the same period last year.

Earnings History Overview

During the previous quarter, the company beat on EPS by $0.59, leading to a 3.0% drop share price change the next day.

Here’s a look at PennyMac Financial Servs’s past performance:

Quarter Q3 2024 Q2 2024 Q1 2024 Q4 2023
EPS Estimate 2.90 2.58 2.31 1.49
EPS Actual 3.49 2.67 2.48 2.63
Revenue Estimate 511.41M 466.57M 432.42M 411.45M
Revenue Actual 411.83M 406.13M 305.66M 361.94M

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

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

Overview Rating:

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PennyMac Financial Servs: Q4 Earnings Insights

PennyMac Financial Servs (NYSE:PFSI) recently announced their fourth quarter earnings report, providing investors with key insights into the company’s financial performance.

According to the report, PennyMac Financial Servs saw a strong quarter, with revenue increasing by 10% compared to the same period last year. The company also reported a 15% increase in net income, driven by growth in their mortgage servicing and loan origination businesses.

PennyMac Financial Servs CEO, David Spector, commented on the results, stating that the company’s diversified business model and focus on customer service were key factors in their success. He also highlighted the company’s continued investment in technology and innovation as a driver of future growth.

Looking ahead, PennyMac Financial Servs remains optimistic about the outlook for the mortgage market and is confident in their ability to continue delivering strong financial results for shareholders.

Overall, the fourth quarter earnings report from PennyMac Financial Servs reflects a solid performance and demonstrates the company’s resilience in a challenging economic environment. Investors can look forward to continued growth and innovation from this leading financial services provider.

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