Mortgage REIT PennyMac Mortgage Investment Trust (NYSE: PMT) will be reporting results this Wednesday after the bell. Here’s what investors should know.

PennyMac Mortgage Investment Trust missed analysts’ revenue expectations last quarter, reporting revenues of $82.13 million, up 84.7% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and tangible book value per share in line with analysts’ estimates.

Is PennyMac Mortgage Investment Trust a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting PennyMac Mortgage Investment Trust’s revenue to grow 36.6% year on year, a reversal from the 1.4% decrease it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. PennyMac Mortgage Investment Trust has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at PennyMac Mortgage Investment Trust’s peers in the thrifts & mortgage finance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Northwest Bancshares delivered year-on-year revenue growth of 20.5%, beating analysts’ expectations by 1.2%, and Ladder Capital reported revenues up 2.4%, topping estimates by 3.3%. Ladder Capital’s stock price was unchanged following the results.

Read our full analysis of Northwest Bancshares’s results here and Ladder Capital’s results here.

Investors in the thrifts & mortgage finance segment have had steady hands going into earnings, with share prices flat over the last month. PennyMac Mortgage Investment Trust is down 11.6% during the same time and is heading into earnings with an average analyst price target of $12.11 (compared to the current share price of $9.69).

ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.

AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.