Velocity Financial: Q4 Earnings Insights - Velocity Financial (NYSE:VEL)

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.

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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