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

Velocity Financial

03/11/2021 22:07

* Velocity Financial Inc  VEL.N  reported quarterly adjusted
earnings of 23 cents​​ per share for the quarter ended in
September. The mean expectation of four analysts for the quarter
was for earnings of 19 cents per share.
* Revenue rose 20.4% to $22.23 million from a year ago. 
* Velocity Financial Inc's reported EPS for the quarter was 23
cents​.
* The mean earnings estimate of analysts had risen by about 2.5%
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 4.6% this
quarter and gained 101.6% so far this year.
* The company reported quarterly net income of $8.02 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 November 3 at 10:07 p.m.
 ​All figures in US dollars unless otherwise stated