PennyMac Financial (PFSI) Q4 Earnings and Revenues Lag Estimates

Company Performance - PennyMac Financial (PFSI) reported quarterly earnings of $2.88 per share, missing the Zacks Consensus Estimate of $3.05 per share, but showing an increase from $1.76 per share a year ago [1] - The earnings surprise for this quarter was -5.57%, while the previous quarter saw a positive surprise of 19.52% with actual earnings of $3.49 per share against an expectation of $2.92 [2] - Revenues for the quarter were $470.11 million, missing the Zacks Consensus Estimate by 10.26%, and up from $361.94 million year-over-year [3] Market Performance - PennyMac shares have increased approximately 9.8% since the beginning of the year, outperforming the S&P 500's gain of 2.7% [4] - The current consensus EPS estimate for the upcoming quarter is $3.23 on revenues of $544.41 million, and for the current fiscal year, it is $14.23 on revenues of $2.44 billion [8] Industry Outlook - The Financial - Mortgage & Related Services industry, to which PennyMac belongs, is currently ranked in the bottom 45% of over 250 Zacks industries, indicating potential challenges ahead [9] - The performance of PennyMac's stock may be influenced by the overall outlook for the industry, as historical data shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [9]