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

Velocity Financial

05/05/2022 22:58

* Velocity Financial Inc  VEL.N  reported quarterly adjusted
earnings of 36 cents​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was
for earnings of 26 cents per share.
    * Revenue rose 52.7% to $16.27 million from a year ago; 
analysts
expected $25.70 million. 
    * Velocity Financial Inc's reported EPS for the quarter was
9
cents​.
    * The mean earnings estimate of analysts had risen by
about 4.2%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Velocity Financial Inc shares had risen by 1.5% this
quarter and
lost 19.0% so far this year.
    * The company reported quarterly net income of $3.07
million.
    * Wall Street's median 12-month price target for Velocity
Financial Inc is $15.00 
    * 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 5 at 09:58 p.m.  ​All
figures in US dollars unless otherwise stated