Velocity Financial (VEL) Meets Q3 Earnings Estimates

Velocity Financial (VEL) came out with quarterly earnings of $0.47 per share, in line with the Zacks Consensus Estimate. This compares to earnings of$0.37 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.43 per share when it actually produced earnings of$0.45, delivering a surprise of 4.65%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Velocity Financial, which be ...