PennyMac Mortgage Investment Trust (PMT) Reports Earnings Tomorrow: What To Expect
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PennyMac Mortgage Investment Trust (PMT) is set to report earnings tomorrow after market close. Last quarter, PMT missed revenue expectations with $93.56 million, down 13.3% year-on-year. Analysts expect a revenue growth of 118% this quarter, a significant turnaround from last year's decline. Despite past misses, analysts have maintained their estimates. In the thrifts & mortgage finance sector, peers like WaFd Bank and Northwest Bancshares reported positive results, contributing to a generally optimistic sentiment. PMT's current share price is $12.29, with an average analyst target of $13.14.
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