Velocity Financial Inc expected to post earnings of 26  cents a share - Earnings Preview

Velocity Financial

04/05/2022 03:03

* Velocity Financial Inc  VEL.N   VEL  is expected to show a
rise
in quarterly revenue when it reports  results on May 5. 
    * The Westlake Village California-based  company is expected
to
report  a 141.1% increase in revenue to $25.7 million from
$10.66 million a year ago, according to the estimate from one
analyst, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Velocity Financial
Inc is
for earnings of 26 cents per share. For the same quarter last
year, the company reported earnings of 20 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Velocity
Financial Inc is $15​, above​ its last closing price of $10.59.
​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021              0.23       0.29      Beat    23.8
 Sep. 30 2021  0.20        0.19       0.23      Beat    18.4
 Jun. 30 2021  0.18        0.17       0.25      Beat    47.7​
 Mar. 31 2021  0.20        0.20       0.20      Met     -0.4
 ​​Dec.        0.14        0.13       0.29      Beat    126.1
 31 2020                                                
 Sep. 30 2020  0.14        0.14       0.12      Missed  -14.9​
 Jun. 30 2020  0.18        0.21       0.11      Missed  -47.5
 Mar. 31 2020  0.30        0.31       0.26      Missed  -16.5
 This summary was machine generated May 4 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated