Velocity Financial Inc expected to post earnings of 35  cents a share - Earnings Preview

Velocity Financial

01/11/2023 02:05

* Velocity Financial Inc  VEL.N   VEL  is expected to show a
rise
in quarterly revenue when it reports  results on November 2. 
    * The Westlake Village California-based  company is expected
to
report  a 39.3% increase in revenue to $37.3 million from $26.78
million a year ago, according to the estimate from one analyst,
based on LSEG data. 
    * ​Refinitiv's mean analyst estimate for Velocity Financial
Inc is
for earnings of 35 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 $14​, above​ its last closing price of $11.55.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.32        0.33       0.38      Beat    14.9
 Mar. 31 2023  0.28        0.29       0.33      Beat    13.3
 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.        0.29        0.29       0.31      Beat    7
 30 2022                                                
 Mar. 31 2022  0.26        0.26       0.36      Beat    37.7​
 Dec. 31 2021              0.23       0.29      Beat    23.8
 Sep. 30 2021  0.20        0.19       0.23      Beat    18.4
 This summary was machine generated November 1 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated