Velocity Financial Q4 2023 Adj EPS $0.460 Beats $0.380 Estimate, Sales $51.567M Beat $47.496M Estimate
Portfolio Pulse from Benzinga Newsdesk
Velocity Financial (NYSE:VEL) reported Q4 2023 adjusted EPS of $0.460, surpassing the $0.380 estimate, with sales of $51.567M also beating the $47.496M estimate. This represents a 58.69% increase in sales compared to the same period last year.
March 07, 2024 | 9:37 pm
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Velocity Financial reported a significant beat on both EPS and sales estimates for Q4 2023, with a notable year-over-year sales increase.
Beating both EPS and sales estimates significantly, especially with a substantial year-over-year sales increase, is likely to be viewed positively by investors. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
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RELEVANCE 100