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

Velocity Financial

04/11/2022 04:27

* Velocity Financial Inc  VEL.N  reported quarterly adjusted
earnings of 29 cents​​ per share for the quarter ended in
September. The mean expectation of four analysts for the quarter
was for earnings of 30 cents per share.
    * Revenue rose 13.6% to $25.25 million from a year ago;
analysts
expected $27.60 million. 
    * Velocity Financial Inc's reported EPS for the quarter was
29
cents​.
    * The mean earnings estimate of analysts had fallen 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 12.7% this
quarter and lost 30.9% so far this year.
    * The company reported quarterly net income of $9.83
million.
    * Wall Street's median 12-month price target for Velocity
Financial Inc is $14.00 
    * 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 Refinitiv data November
4 at 04:27 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      0.23           0.29           Beat