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SoFi Technologies, Inc. (SOFI) Registers a Bigger Fall Than the Market: Important Facts to Note
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SoFi Technologies, Inc. (SOFI - Free Report) ended the recent trading session at $26.18, demonstrating a -1.43% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.74%. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.76%.
The company's shares have seen a decrease of 10% over the last month, not keeping up with the Finance sector's gain of 2.1% and the S&P 500's gain of 0.79%.
Market participants will be closely following the financial results of SoFi Technologies, Inc. in its upcoming release. The company is predicted to post an EPS of $0.11, indicating a 120% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $972.75 million, reflecting a 31.61% rise from the equivalent quarter last year.
SOFI's full-year Zacks Consensus Estimates are calling for earnings of $0.36 per share and revenue of $3.56 billion. These results would represent year-over-year changes of +140% and +36.56%, respectively.
Any recent changes to analyst estimates for SoFi Technologies, Inc. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.47% fall in the Zacks Consensus EPS estimate. Right now, SoFi Technologies, Inc. possesses a Zacks Rank of #3 (Hold).
In terms of valuation, SoFi Technologies, Inc. is currently trading at a Forward P/E ratio of 73.39. This indicates a premium in contrast to its industry's Forward P/E of 12.09.
The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 96, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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SoFi Technologies, Inc. (SOFI) Registers a Bigger Fall Than the Market: Important Facts to Note
SoFi Technologies, Inc. (SOFI - Free Report) ended the recent trading session at $26.18, demonstrating a -1.43% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.74%. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.76%.
The company's shares have seen a decrease of 10% over the last month, not keeping up with the Finance sector's gain of 2.1% and the S&P 500's gain of 0.79%.
Market participants will be closely following the financial results of SoFi Technologies, Inc. in its upcoming release. The company is predicted to post an EPS of $0.11, indicating a 120% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $972.75 million, reflecting a 31.61% rise from the equivalent quarter last year.
SOFI's full-year Zacks Consensus Estimates are calling for earnings of $0.36 per share and revenue of $3.56 billion. These results would represent year-over-year changes of +140% and +36.56%, respectively.
Any recent changes to analyst estimates for SoFi Technologies, Inc. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.47% fall in the Zacks Consensus EPS estimate. Right now, SoFi Technologies, Inc. possesses a Zacks Rank of #3 (Hold).
In terms of valuation, SoFi Technologies, Inc. is currently trading at a Forward P/E ratio of 73.39. This indicates a premium in contrast to its industry's Forward P/E of 12.09.
The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 96, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.