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PennyMac (PFSI) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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PennyMac Financial (PFSI - Free Report) reported $430.9 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 41%. EPS of $1.42 for the same period compares to $2.48 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $537.99 million, representing a surprise of -19.91%. The company delivered an EPS surprise of -52.51%, with the consensus EPS estimate being $2.99.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how PennyMac performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net revenues- Net interest income: -$18.21 million compared to the -$3.66 million average estimate based on two analysts. The reported number represents a change of +94.9% year over year.
Net revenues- Loan servicing fees: $488.47 million versus $483.14 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +15.2% change.
Net revenues- Net gains on loans held for sale at fair value: $221.04 million compared to the $243.05 million average estimate based on two analysts. The reported number represents a change of +36.1% year over year.
Net revenues- Management fees from PennyMac Mortgage Investment Trust: $7.01 million compared to the $7.17 million average estimate based on two analysts. The reported number represents a change of -2.5% year over year.
Net revenues- Loan origination fees: $46.61 million versus the two-analyst average estimate of $43.67 million. The reported number represents a year-over-year change of +28.2%.
Net revenues- Net loan servicing fees: $164.29 million versus the two-analyst average estimate of $242.12 million. The reported number represents a year-over-year change of +62.7%.
Net revenues- Fulfillment fees from PennyMac Mortgage Investment Trust: $5.29 million versus $5 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +31.7% change.
Shares of PennyMac have returned -8.5% over the past month versus the Zacks S&P 500 composite's -8.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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PennyMac (PFSI) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
PennyMac Financial (PFSI - Free Report) reported $430.9 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 41%. EPS of $1.42 for the same period compares to $2.48 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $537.99 million, representing a surprise of -19.91%. The company delivered an EPS surprise of -52.51%, with the consensus EPS estimate being $2.99.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how PennyMac performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net revenues- Net interest income: -$18.21 million compared to the -$3.66 million average estimate based on two analysts. The reported number represents a change of +94.9% year over year.
- Net revenues- Loan servicing fees: $488.47 million versus $483.14 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +15.2% change.
- Net revenues- Net gains on loans held for sale at fair value: $221.04 million compared to the $243.05 million average estimate based on two analysts. The reported number represents a change of +36.1% year over year.
- Net revenues- Management fees from PennyMac Mortgage Investment Trust: $7.01 million compared to the $7.17 million average estimate based on two analysts. The reported number represents a change of -2.5% year over year.
- Net revenues- Loan origination fees: $46.61 million versus the two-analyst average estimate of $43.67 million. The reported number represents a year-over-year change of +28.2%.
- Net revenues- Net loan servicing fees: $164.29 million versus the two-analyst average estimate of $242.12 million. The reported number represents a year-over-year change of +62.7%.
- Net revenues- Fulfillment fees from PennyMac Mortgage Investment Trust: $5.29 million versus $5 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +31.7% change.
View all Key Company Metrics for PennyMac here>>>Shares of PennyMac have returned -8.5% over the past month versus the Zacks S&P 500 composite's -8.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.