Velocity Financial Inc expected to post earnings of 29  cents a share - Earnings Preview

Velocity Financial

03/05/2023 03:03

* Velocity Financial Inc  VEL.N   VEL  is expected to show a
rise
in quarterly revenue when it reports  results on May 4. 
    * The Westlake Village California-based  company is expected
to
report  a 85.6% increase in revenue to $30.2 million from $16.27
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 29 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"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 $11.5​, above​ its last closing price of $8.51.
​​​

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 2022  0.29        0.29       0.27      Missed  -5.6
 Sep. 30 2022  0.31        0.30       0.29      Missed  -2.7
 Jun. 30 2022  0.29        0.29       0.31      Beat    7​
 Mar. 31 2022  0.26        0.26       0.36      Beat    37.7
 ​​Dec.                    0.23       0.29      Beat    23.8
 31 2021                                                
 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
 This summary was machine generated May 3 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated