PennyMac (PFSI) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Group 1 - PennyMac Financial (PFSI) reported revenue of $430.9 million for Q1 2025, a 41% year-over-year increase, but fell short of the Zacks Consensus Estimate of $537.99 million by 19.91% [1] - The company's EPS for the quarter was $1.42, down from $2.48 a year ago, representing an EPS surprise of -52.51% against the consensus estimate of $2.99 [1] - Over the past month, PennyMac's shares returned -8.5%, slightly better than the Zacks S&P 500 composite's -8.9% change, with a Zacks Rank 4 (Sell) indicating potential underperformance [3] Group 2 - Net interest income was reported at -$18.21 million, significantly worse than the average estimate of -$3.66 million, but showed a year-over-year change of +94.9% [4] - Loan servicing fees amounted to $488.47 million, exceeding the average estimate of $483.14 million, with a year-over-year increase of +15.2% [4] - Net gains on loans held for sale at fair value were $221.04 million, below the average estimate of $243.05 million, but represented a +36.1% year-over-year change [4] - Management fees from PennyMac Mortgage Investment Trust were $7.01 million, slightly below the average estimate of $7.17 million, reflecting a -2.5% year-over-year change [4] - Loan origination fees reached $46.61 million, surpassing the average estimate of $43.67 million, with a year-over-year increase of +28.2% [4] - Net loan servicing fees were reported at $164.29 million, significantly lower than the average estimate of $242.12 million, but showed a +62.7% year-over-year change [4] - Fulfillment fees from PennyMac Mortgage Investment Trust were $5.29 million, slightly above the average estimate of $5 million, with a year-over-year increase of +31.7% [4]