Velocity Financial Inc reports results for the quarter ended in December - Earnings Summary

Velocity Financial

11/03/2022 09:36

* Velocity Financial Inc  VEL.N  reported quarterly adjusted
earnings of 29 cents​​ per share for the quarter ended in
December. The mean expectation of four analysts for the quarter
was for earnings of 23 cents per share.
    * Revenue fell 7.3% to $21.23 million from a year ago. 
    * Velocity Financial Inc's reported EPS for the quarter was
24
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Velocity Financial Inc shares had fallen by 15.5% this
quarter.
    * The company reported quarterly net income of $7.99
million.
    * Wall Street's median 12-month price target for Velocity
Financial Inc is $15.50 
    * 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." 

This summary was machine generated March 11 at 09:36 a.m.  ​All
figures in US dollars unless otherwise stated