Velocity Financial Q1 2024 Adj EPS $0.51 Beats $0.39 Estimate, Sales $54.247M Beat $46.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
Velocity Financial (NYSE:VEL) reported Q1 2024 earnings of $0.51 per share, surpassing the $0.39 estimate, a 54.55% increase YOY. Sales reached $54.247M, beating the $46.200M estimate, up 49.54% YOY.

May 02, 2024 | 9:01 pm
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POSITIVE IMPACT
Velocity Financial reported a significant beat on both earnings and sales estimates for Q1 2024, with a notable year-over-year growth.
Velocity Financial's Q1 2024 earnings and sales significantly exceeded analyst expectations, indicating strong financial performance and potential growth. This positive earnings report is likely to instill investor confidence, potentially leading to a short-term uptick in VEL's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100