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Velocity Financial (VEL) Earnings Date, Estimates & Call Transcripts

Velocity Financial logo
$19.05
-0.16 (-0.83%)
(As of 11/1/2024 ET)

Velocity Financial Latest Earnings Summary

Upcoming Q3
Earnings Date
Nov. 7After Market ClosesConfirmed
Actual EPS
(Aug. 1)
$0.45 Beat By $0.02
Consensus EPS
(Aug. 1)
$0.43

Velocity Financial announced Q2 2024 earnings on August 1, 2024, reporting an EPS of $0.45, which beat analysts' consensus estimates of $0.43 by $0.02. Quarterly revenue was reported to be $32.42 million, below analyst estimates of $32.80 million. With a trailing EPS of $1.76 and a P/E Ratio of 10.82, Velocity Financial's earnings are expected to grow 2.62% next year, from $1.91 to $1.96 per share.

VEL Upcoming Earnings

Velocity Financial's next earnings date is scheduled for Thursday, November 7, 2024, with a conference call scheduled for at 5:00 PM ET. Interested parties can register for or listen to the call or dial in at 412-317-0088 with passcode "8544057".

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VEL Earnings Estimates and Actuals by Quarter

The chart below shows up to four years of a company's earnings history. The dark blue line represents the company's actual earnings per share. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter.

VEL Estimated and Actual Revenue by Quarter

The chart below shows up to four years of a company's revenue history. The dark blue line represents the company's actual revenue. The light blue line represents the company's estimated revenue based on the consensus of Wall Street analysts for each quarter.

Velocity Financial Analyst EPS Estimates

Current Year EPS Consensus Estimate:$1.91 EPS
Next Year EPS Consensus Estimate: $1.96 EPS

Velocity Financial Earnings History by Quarter

DateQuarterConsensus EstimateReported EPSBeat/MissGAAP EPSRevenue EstimateActual RevenueLinks
11/7/2024
(Confirmed)
-------  
8/1/2024Q2 2024$0.43$0.45+$0.02$0.48$32.80M$32.42M        
5/2/2024Q1 2024$0.40$0.51+$0.11$0.53$31.90M$29.47M    
3/7/2024Q4 2023$0.36$0.46+$0.10$0.42$28.50M$30.72M        
11/2/2023Q3 2023$0.35$0.37+$0.02$0.39$28.70M$27.37M    
8/3/2023Q2 2023$0.34$0.38+$0.04$0.40$26.30M$25.31M    
5/4/2023Q1 2023$0.27$0.33+$0.06$0.35$22.50M$24.35M    
3/9/2023Q4 2022$0.29$0.27 -$0.02$0.29$25.80M$20.64M    
11/3/2022Q3 2022$0.29$0.29-$0.29$25.90M$26.78M      

Velocity Financial Earnings - Frequently Asked Questions

Velocity Financial has confirmed that its next quarterly earnings data will be published on Thursday, November 7th, 2024. Learn more on VEL's earnings history.

In the previous quarter, Velocity Financial (NYSE:VEL) reported $0.45 earnings per share (EPS) to beat the analysts' consensus estimate of $0.43 by $0.02. Learn more on analysts' earnings estimate vs. VEL's actual earnings.

The conference call for Velocity Financial's latest earnings report can be listened to online.
Listen to Conference Call

The conference call transcript for Velocity Financial's latest earnings report can be read online.
Read Transcript

Velocity Financial (NYSE:VEL) has a recorded annual revenue of $107.75 million.

Velocity Financial (NYSE:VEL) has a recorded net income of $52.27 million. VEL has generated $1.76 earnings per share over the last four quarters.

Velocity Financial (NYSE:VEL) has a trailing price-to-earnings ratio of 10.82 and a forward price-to-earnings ratio of 9.97.

Velocity Financial's earnings are expected to grow from $1.91 per share to $1.96 per share in the next year, which is a 2.62% increase.

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This page (NYSE:VEL) was last updated on 11/2/2024 by MarketBeat.com Staff
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