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PennyMac Financial Services (DE:1AC)
:1AC
Germany Market
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PennyMac Financial Services (1AC) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Jan 30, 2025
TBA Not Confirmed
Period Ending
2024 (Q4)
Consensus EPS Forecast
2.94
Last Year’s EPS
-0.72
Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:May 02, 2019
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% Change Since: -0.23%
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Next Earnings Date:Feb 07, 2019
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in production and servicing portfolios, increased lock volumes, and strong market positions. However, these positives were offset by a pretax loss in the servicing segment, high hedge costs, and concerns about rising delinquencies.
Company Guidance
During PennyMac Financial Services, Inc.'s third-quarter 2024 earnings call, the company provided guidance that highlighted several key metrics. David Spector, CEO, reported a net income of $69 million, yielding an annualized return on equity (ROE) of 8%, with an adjusted operating ROE of 20% when excluding fair value changes. The Production segment's pretax income substantially increased, driven by lower mortgage rates, resulting in nearly tripled income from the previous quarter. The servicing portfolio, now nearing $650 billion in unpaid principal balance with 2.6 million customers, continues to grow, contributing to increased revenue and cash flow. The company forecasts total originations of $2.3 trillion in 2025, anticipating a decline in mortgage rates. PennyMac expects to sustain strong financial performance, targeting annualized operating ROEs in the high teens to low 20s in 2025, supported by their extensive servicing portfolio and robust production capabilities.
Significant Growth in Production Segment
Pretax income nearly tripled from last quarter due to higher volumes across all channels, with a notable increase in consumer direct. Total acquisition and origination volumes were $32 billion in unpaid principal balance, up 17% from the prior quarter.
Strong Servicing Portfolio Growth
Servicing portfolio nearing $650 billion in unpaid principal balance with nearly 2.6 million customers, driving increased revenue and cash flow contributions.
Record Lock Volumes in Consumer Direct
Consumer Direct lock volumes were up 93% from the prior quarter and originations were up 69%, driven by an increase in refinance volumes.
Correspondent Lending Dominance
PennyMac maintained a dominant position in correspondent lending with total acquisitions of $26 billion, up from $23 billion in the prior quarter.
Broker Direct Channel Expansion
Locks in the Broker Direct channel were up 24% from last quarter, with the number of approved brokers up 25% from the previous year.
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PennyMac Financial Services (DE:1AC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

DE:1AC Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Feb 07, 20192018 (Q4)
- / 0.61
0.628-3.08% (-0.02)
May 02, 20192019 (Q1)
- / 0.56
0.647-13.43% (-0.09)
Aug 01, 20192019 (Q2)
- / 1.33
0.67697.14% (+0.66)
Oct 31, 20192019 (Q3)
- / 1.84
0.551233.33% (+1.28)
Feb 06, 20202019 (Q4)
- / 2.12
0.608247.62% (+1.51)
May 07, 20202020 (Q1)
- / 3.60
0.56543.10% (+3.04)
Aug 06, 20202020 (Q2)
- / 4.24
1.333218.12% (+2.91)
Nov 05, 20202020 (Q3)
- / 6.79
1.835270.00% (+4.95)
Feb 04, 20212020 (Q4)
- / 5.77
2.115172.60% (+3.65)
May 06, 20212021 (Q1)
5.54 / 4.97
3.60338.07% (+1.37)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:1AC Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 22, 2024€93.71€90.72-3.19%
Jul 23, 2024€90.94€90.940.00%
Apr 24, 2024€84.30€78.35-7.06%
Feb 01, 2024€79.66€83.12+4.35%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ

When does PennyMac Financial Services (DE:1AC) report earnings?
PennyMac Financial Services (DE:1AC) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
    What is PennyMac Financial Services (DE:1AC) earnings time?
    PennyMac Financial Services (DE:1AC) earnings time is at Jan 30, 2025, TBA Not Confirmed.
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is the P/E ratio of PennyMac Financial Services stock?
          The P/E ratio of PennyMac Financial Services is N/A.
            What is DE:1AC EPS forecast?
            DE:1AC EPS forecast for the fiscal quarter 2024 (Q4) is 2.94.
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