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

Velocity Financial

07/05/2021 14:17

* Velocity Financial Inc  VEL.N  reported quarterly adjusted
earnings of 20 cents​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was
for earnings of 20 cents per share.
* Revenue fell 37.6% to $10.66 million from a year ago​; 
analysts expected $19.10 million.
* Velocity Financial Inc's reported EPS for the quarter was 10
cents​.
* The mean earnings estimate of analysts had risen by
about 25.5% in the last three months.​ 
* In the last 30 days there have been no negative revisions of
earnings estimates and  
* Velocity Financial Inc shares had risen by 3.2% this
quarter and gained 46.9% so far this year.
* The company reported quarterly net income of $2.12 million.
* Wall Street's median 12-month price target for Velocity
Financial Inc is $11.00 
* 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 May 7 at 01:17 p.m. GMT. ​All
figures in US Dollars.​