PennyMac Mortgage (PMT) exceeded expectations with quarterly earnings of $0.55 per share, compared to $0.36 per share last year. It beat the Zacks Consensus Estimate by 52.78%. Revenues for the quarter were $99.23 million, 4.80% above estimates. The stock has lost 6% this year. Future performance depends on earnings outlook and industry trends.

Annaly Capital Management (NLY) is set to report quarterly earnings on October 22. Expectations are for $0.72 per share, a 9.1% increase from last year. Revenue is forecasted at $447 million, a significant rise. Investors should consider industry trends and earnings estimate revisions when deciding to invest in PennyMac Mortgage or Annaly Capital Management.

Read more at Nasdaq: PennyMac Mortgage (PMT) Q3 Earnings and Revenues Top Estimates