Velocity Financial Inc expected to post earnings of 39 cents a share - Earnings Preview

Velocity Financial

01/05/2024 24:23

* Velocity Financial Inc  VEL.N   VEL  is expected to show a
rise
in quarterly revenue when it reports  results on May 2 for the
period ending March 31 2024
    * The Westlake Village California-based  company is expected
to
report a 27.4% increase in revenue to $46.2 million from $36.28
million a year ago, according to the estimate from one analyst,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Velocity Financial Inc
is for
earnings of 39 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 $18.50​, above​ its last closing price
of $17.15. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.39        0.38       0.46      Beat    22.2
 Sep. 30 2023  0.35        0.35       0.37      Beat    4.6
 Jan. 1 0001   0.32        0.33       0.38      Beat    14.9​
 Mar. 31 2023  0.28        0.29       0.33      Beat    13.3
 ​​Dec.        0.29        0.29       0.27      Missed  -5.6
 31 2022                                                
 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
 This summary was machine generated April 30 at 23:23 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)