Velocity Financial Inc logo

VEL

Velocity Financial Inc

$11.91

Earnings Summary

Revenue
$14.55Mn
Net Profits
$3.12Mn
Net Profit Margins
21.45%
PE Ratio
12.15

Highlights

Revenue:

Velocity Financial Inc’s revenue jumped 7.83% since last year same period to $14.55Mn in the Q1 2022. On a quarterly growth basis, Velocity Financial Inc has generated -31.91% fall in its revenue since last 3-months.

Net Profits:

Velocity Financial Inc’s net profit fell -8.1% since last year same period to $3.12Mn in the Q1 2022. On a quarterly growth basis, Velocity Financial Inc has generated -62.64% fall in its net profits since last 3-months.

Net Profit Margins:

Velocity Financial Inc’s net profit margin fell -14.77% since last year same period to 21.45% in the Q1 2022. On a quarterly growth basis, Velocity Financial Inc has generated -45.13% fall in its net profit margins since last 3-months.

PE Ratio:

Velocity Financial Inc’s price-to-earnings ratio after this Q1 2022 earnings stands at 12.15.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Velocity Financial Inc post its latest quarter earnings

EPS Estimate Current Quarter
0.29
EPS Estimate Current Year
0.29

Highlights

EPS Estimate Current Quarter:

Velocity Financial Inc’s earning per share (EPS) estimates for the current quarter stand at 0.29 - a 11.54% jump from last quarter’s estimates.

EPS Estimate Current Year:

Velocity Financial Inc’s earning per share (EPS) estimates for the current year stand at 0.29.

Key Ratios

Key ratios of the Velocity Financial Inc post its Q1 2022 earnings

Earning Per Share (EPS)
0.36
Return on Assets (ROA)
0.01
Return on Equity (ROE)
0.09
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

Velocity Financial Inc’s earning per share (EPS) jumped 80% since last year same period to 0.36 in the Q1 2022. This indicates that the Velocity Financial Inc has generated 80% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Velocity Financial Inc’s return on assets (ROA) stands at 0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Velocity Financial Inc’s return on equity (ROE) stands at 0.09.

Dividend Per Share (DPS):

Velocity Financial Inc declared 0 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-06
0.26
0.36
38.46%

Company Information

Based in Westlake Village, California, Velocity is a vertically integrated real estate finance company that primarily originates and manages investor loans secured by 1-4 unit residential rental and small commercial properties. Velocity originates loans nationwide across an extensive network of independent mortgage brokers.

Organisation
Velocity Financial Inc
Employees
175
Industry
Finance