PennyMac Mortgage (PMT) got here out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.55 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 1.85%. 1 / 4 in the past, it was anticipated that this specialty finance firm would put up earnings of $0.51 per share when it really produced earnings of $0.71, delivering a shock of 39.22%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 4 occasions.
PennyMac Mortgage, which belongs to the Zacks Actual Property – Operations business, posted revenues of $155.04 million for the quarter ended December 2019, surpassing the Zacks Consensus Estimate by 16.26%. This compares to year-ago revenues of $83.90 million. The corporate has topped consensus income estimates 3 times during the last 4 quarters.
The…