Velocity Financial Q2 2024 Adj. EPS $0.45 Beats $0.41 Estimate, Sales $54.760M Beat $50.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
Velocity Financial (NYSE:VEL) reported Q2 2024 adjusted EPS of $0.45, beating the $0.41 estimate. Sales were $54.76M, surpassing the $50.2M estimate and marking a 40.24% increase from the same period last year.

August 01, 2024 | 9:06 pm
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Velocity Financial (NYSE:VEL) reported Q2 2024 adjusted EPS of $0.45, beating the $0.41 estimate by 9.76%. Sales were $54.76M, surpassing the $50.2M estimate by 9.08% and marking a 40.24% increase from the same period last year.
The strong earnings and revenue beat, along with significant year-over-year growth, are likely to positively impact VEL's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100