Velocity Financial Inc <VEL.N> expected to post earnings of 48 cents a share - Earnings Preview
Velocity Financial Inc VEL.N, VEL is expected to show a rise in quarterly revenue when it reports results on March 6 for the period ending December 31 2024
The Westlake Village California-based company is expected to report a 6.9% increase in revenue to $55.1 million from $51.57 million a year ago, according to the estimate from one analyst, based on LSEG data.
LSEG's mean analyst estimate for Velocity Financial Inc is for earnings of 48 cents per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and 1 "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Velocity Financial Inc is $22.00, above its last closing price of $18.92.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | 0.48 | 0.48 | 0.47 | Missed | -2.1 |
Jun. 30 2024 | 0.42 | 0.41 | 0.45 | Beat | 10.4 |
Mar. 31 2024 | 0.39 | 0.39 | 0.51 | Beat | 30.8 |
Dec. 31 2023 | 0.39 | 0.38 | 0.46 | Beat | 22.2 |
Sep. 30 2023 | 0.35 | 0.35 | 0.37 | Beat | 4.6 |
Jun. 30 2023 | 0.32 | 0.33 | 0.38 | Beat | 14.9 |
Mar. 31 2023 | 0.28 | 0.29 | 0.33 | Beat | 13.3 |
Dec. 31 2022 | 0.29 | 0.29 | 0.27 | Missed | -5.6 |
This summary was machine generated March 4 at 21:30 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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