|Bid||0.00 x 4000|
|Ask||0.00 x 1400|
|Day's range||9.97 - 9.99|
|52-week range||8.15 - 14.00|
|Beta (5Y monthly)||0.81|
|PE ratio (TTM)||10.63|
|Earnings date||03 Nov 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||12.50|
Velocity Financial (VEL) delivered earnings and revenue surprises of 0% and 3.38%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
WESTLAKE VILLAGE, Calif., November 03, 2022--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company) reported net income and core net income of $10.0 million for 3Q22, compared to net income and core net income of $8.0 million for 3Q21. Earnings and core earnings per diluted share were $0.29 for 3Q22, compared to $0.23 for 3Q21.
WESTLAKE VILLAGE, Calif., October 24, 2022--Velocity Financial, Inc. (NYSE:VEL) ("Velocity" or "Company"), a leader in commercial investor loans, will release its third quarter 2022 results after the market close on Thursday, November 3, 2022. Velocity’s executive management team will host a conference call and webcast to review its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day.