PennyMac Financial Services Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
PennyMac Financial Services (NYSE:PFSI) Full Year 2023 Results
Key Financial Results
Revenue: US$1.40b (down 14% from FY 2022).
Net income: US$144.7m (down 70% from FY 2022).
Profit margin: 10% (down from 29% in FY 2022).
EPS: US$2.89 (down from US$8.96 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PennyMac Financial Services EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) exceeded analyst estimates by 19%.
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Diversified Financial industry in the US.
Performance of the American Diversified Financial industry.
The company's shares are up 6.4% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 4 warning signs for PennyMac Financial Services (1 is concerning!) that you need to be mindful of.
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