PennyMac Mortgage (PMT) Misses Q2 Earnings and Revenue Estimates

PennyMac Mortgage shares have lost about 3% since the beginning of the year versus the S&P 500's gain of 16.7%. PennyMac Mortgage, which belongs to the Zacks Real Estate - Operations industry, posted revenues of $71.2 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 21.12%. This compares to year-ago revenues of $90.45 million. The company has topped consensus revenue estimates just once over the last four quarters. This quarterly report represents an earnings surprise of -50% ...