Velocity Financial: Q4 Earnings Insights


Velocity Financial VEL reported its Q4 earnings results on Thursday, March 7, 2024 at 04:15 PM.

Here's what investors need to know about the announcement.


Velocity Financial beat estimated earnings by 21.0%, reporting an EPS of $0.46 versus an estimate of $0.38.

Revenue was up $19.46 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 12.0% increase in the share price the next day.

Here's a look at Velocity Financial's past performance:

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate 0.35 0.33 0.29 0.29
EPS Actual 0.37 0.38 0.33 0.27
Revenue Estimate 37.30M 35.70M 30.20M 27.70M
Revenue Actual 44.57M 39.05M 36.27M 32.10M

To track all earnings releases for Velocity Financial visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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