Velocity Financial: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Velocity Financial (NYSE:VEL) reported Q4 earnings, beating estimates with an EPS of $0.46 against the expected $0.38, a 21.0% increase. Revenue rose by $19.46 million year-over-year. The company's share price increased by 12.0% the day after last quarter's earnings beat.
March 07, 2024 | 9:40 pm
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Velocity Financial reported a significant beat on Q4 earnings with an EPS of $0.46, exceeding estimates by 21.0%, and a notable year-over-year revenue increase.
The positive earnings report, with a substantial beat on EPS estimates and a significant year-over-year revenue increase, is likely to instill investor confidence and could lead to a short-term uptick in VEL's stock price, similar to the 12% increase observed after the last quarter's earnings beat.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100