Velocity Financial Inc (VEL, Financial) is set to release its Q3 2024 earnings on Nov 7, 2024. The consensus estimate for Q3 2024 revenue is $53.90 million, and the earnings are expected to come in at $0.46 per share. The full year 2024's revenue is expected to be $175 million and the earnings are expected to be $1.87 per share. More detailed estimate data can be found on the Forecast page.
Velocity Financial Inc (VEL, Financial) Estimates Trends
Over the past 90 days, the revenue estimates for Velocity Financial Inc (VEL) have remained stable at $175 million for the full year 2024 and $194 million for 2025. During the same period, earnings estimates have shown an increase; for the full year 2024, the estimate has risen from $1.77 per share to $1.87 per share, and for 2025, it has increased from $1.76 per share to $2.06 per share.
Velocity Financial Inc (VEL, Financial) Reported History
In the previous quarter of June 30, 2024, Velocity Financial Inc's (VEL) actual revenue was $54.76 million, which beat analysts' revenue expectations of $50.20 million by 9.08%. Velocity Financial Inc's (VEL) actual earnings were $0.42 per share, which beat analysts' earnings expectations of $0.39 per share by 7.69%. After releasing the results, Velocity Financial Inc (VEL) was down by -1.48% in one day.
Velocity Financial Inc (VEL, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 4 analysts, the average target price for Velocity Financial Inc (VEL) is $20.75 with a high estimate of $22 and a low estimate of $20. The average target implies an upside of 7.85% from the current price of $19.24.
Based on GuruFocus estimates, the estimated GF Value for Velocity Financial Inc (VEL, Financial) in one year is $21.88, suggesting an upside of 13.72% from the current price of $19.24.
Based on the consensus recommendation from 4 brokerage firms, Velocity Financial Inc's (VEL, Financial) average brokerage recommendation is currently 2.3, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies a Strong Buy, and 5 denotes a Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
