PFSI Earnings Prediction
The chart below shows how PFSI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PFSI sees a -5.04% change in stock price 10 days leading up to the earnings, and a +1.02% change 10 days following the report. On the earnings day itself, the stock moves by +0.96%. This data can give you a slight idea of what to expect for the next quarter's release.
PFSI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
629.36M
12.95%
2.50%
Gross Margin
--
--
--
Operating Margin
49.49%
117.44%
-11.09%
Net Margin
11.02%
-33.89%
-31.13%
EPS
1.30
-26.55%
-29.73%
No Data Available
PFSI Earnings Analysis
PennyMac Financial Services, Inc. Common Stock Corporation (PFSI.N) Earnings Conference Call
Positive
Net Income and ROE: PFSI reported net income of $69 million for an annualized return on equity of 8%.
Operating ROE Performance: Excluding the impact of fair value changes, PFSI produced an annualized operating ROE of 20%.
Pretax Income Surge: Our product segment pretax income nearly tripled from last quarter as lower mortgage rates provided us the opportunity to help many customers in our servicing portfolio lower their monthly mortgage payments by refinancing.
Servicing Portfolio Expansion: At the same time, our servicing portfolio now nearing $650 billion in unpaid principal balance and with nearly 2.6 million customers continues to grow, driving increased revenue and cash flow contributions as well as providing low-cost leads for our consumer direct lending division.
Quarterly Dividend Declaration: PFSI's Board of Directors declared a third quarter common share dividend of $0.30 per share, consistent with the prior quarter.
Negative
Net Income and ROE: PFSI reported net income of $69 million for an annualized return on equity of 8%.
Fair Value Declines Impact: These results included $160 million of fair value declines on MSRs net of hedges as interest rates exhibited significant volatility during the quarter.
Treasury Yield Decline: The 10-year treasury yield declined approximately 60 basis points during the third quarter and ranged from a high of 4.5% to a low of 3.6%.
Negative EPS Impact: The impact of these items on diluted earnings per share was negative $2.19.
Servicing Segment Loss: The servicing segment recorded a pretax loss of $15 million.
PFSI FAQs
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PFSI Earning Call Sentiment
PennyMac Financial Services, Inc. (PFSI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
PFSI.N
-8.82%Positive
The earnings call presents a mixed sentiment. Financial performance shows some positive aspects such as increased production segment pretax income and broker channel growth, but is offset by significant fair value declines in MSRs and increased operational costs. The Q&A section reveals concerns about interest rate impacts on lock volumes and ROE, but also highlights market share gains. The dividend remains stable, but no share repurchase program was announced. Given the market cap, these mixed signals suggest a neutral stock price movement over the next two weeks.