Velocity Financial Q3 2023 Adj EPS $0.37 Beats $0.35 Estimate, Sales $44.57M Beat $37.30M Estimate
Portfolio Pulse from totan@benzinga.com
Velocity Financial (NYSE:VEL) reported Q3 2023 earnings of $0.37 per share, beating the analyst consensus estimate of $0.35 by 5.71%. This is a 27.59% increase from the same period last year. The company also reported quarterly sales of $44.57 million, beating the analyst consensus estimate of $37.30 million by 19.50%. This is a 66.46% increase from the same period last year.
November 02, 2023 | 8:59 pm
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POSITIVE IMPACT
Velocity Financial's Q3 2023 earnings and sales beat estimates, with a significant YoY increase. This could positively impact the company's stock in the short term.
Velocity Financial reported better than expected earnings and sales for Q3 2023, with a significant increase from the same period last year. This positive financial performance could increase investor confidence and demand for the stock, potentially driving its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100