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

Velocity Financial

07/08/2021 14:35

* Velocity Financial Inc  VEL.N  reported quarterly adjusted
earnings of 25 cents​​ per share for the quarter ended in June.
The mean expectation of four analysts for the quarter was
for earnings of 17 cents per share.
* Revenue rose 18.6% to $18.18 million from a year ago. 
* Velocity Financial Inc's reported EPS for the quarter was 28
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 2.3% this
quarter and gained 95.8% so far this year.
* The company reported quarterly net income of $5.88 million.
* Wall Street's median 12-month price target for Velocity
Financial Inc is $14.50 
* 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 August 7 at 01:34 p.m.  ​All
figures in US dollars unless otherwise stated