PennyMac Mortgage (PMT) Reports Q2 Loss, Misses Revenue Estimates

Company Performance - PennyMac Mortgage reported a quarterly loss of $0.04 per share, significantly missing the Zacks Consensus Estimate of $0.35, and down from earnings of $0.17 per share a year ago, representing an earnings surprise of -111.43% [1] - The company posted revenues of $70.2 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 24.22%, and down from $71.2 million in the same quarter last year [2] - Over the last four quarters, PennyMac Mortgage has surpassed consensus EPS estimates only once [2] Market Comparison - PennyMac Mortgage shares have declined approximately 0.9% since the beginning of the year, while the S&P 500 has gained 7.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.35 on revenues of $92.43 million, and for the current fiscal year, it is $1.06 on revenues of $321.53 million [7] Industry Outlook - The REIT and Equity Trust industry, to which PennyMac Mortgage belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact PennyMac Mortgage's stock performance [5][6]