Velocity Financial (VEL) delivered earnings and revenue surprises of 3.33% and 3.58%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
WESTLAKE VILLAGE, Calif., August 04, 2022--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company) reported net income and core net income of $10.6 million for 2Q22, compared to net income of $9.5 million and core net income of $8.5 million for 2Q21. Earnings and core earnings per diluted share were $0.31 for 2Q22, compared to $0.28 and $0.25 per share, respectively, for 2Q21.
Walker & Dunlop, Velocity Financial and Ocwen Financial are part of Zacks Industry Outlook article.