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

Velocity Financial

09/03/2023 23:24

* Velocity Financial Inc  VEL.N  reported quarterly adjusted
earnings of 27 cents​​ per share for the quarter ended in
December. The mean expectation of four analysts for the quarter
was for earnings of 29 cents per share.
    * Revenue rose 51.2% to $32.11 million from a year ago;
analysts
expected $27.70 million. 
    * Velocity Financial Inc's reported EPS for the quarter was
25
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 6.7% this
quarter.
    * The company reported quarterly net income of $8.34
million.
    * Wall Street's median 12-month price target for Velocity
Financial Inc is $11.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
March 9 at 11:24 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.29           0.27           Missed
 Sep. 30 2022      0.30           0.29           Missed
 Jun. 30 2022      0.29           0.31           Beat
 Mar. 31 2022      0.26           0.36           Beat