PennyMac Mortgage Investment Trust (PMT) Reports Q4 Earnings Thursday Amid Revenue Decline Forecast

PennyMac Mortgage Investment Trust (NYSE: PMT) will report fourth-quarter 2024 earnings on Thursday, January 29, with analysts expecting a 7.5% year-over-year revenue decline to $99.85 million. This contrasts with the company's 27.3% revenue growth in the same quarter last year. Adjusted earnings are projected at $0.39 per share. The mortgage REIT has missed revenue estimates six times over the past two years but beat expectations last quarter with $99.23 million in revenue. PMT shares have risen 5.9% over the past month, slightly below the analyst average price target of $13.50.