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SoFi Technologies, Inc. (SOFI) Outperforms Broader Market: What You Need to Know
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SoFi Technologies, Inc. (SOFI - Free Report) closed at $17.13 in the latest trading session, marking a +1.36% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 1.15%. On the other hand, the Dow registered a gain of 1.38%, and the technology-centric Nasdaq increased by 1.38%.
Heading into today, shares of the company had lost 11.15% over the past month, lagging the Finance sector's loss of 8.15% and the S&P 500's loss of 5.69%.
The upcoming earnings release of SoFi Technologies, Inc. will be of great interest to investors. In that report, analysts expect SoFi Technologies, Inc. to post earnings of $0.12 per share. This would mark year-over-year growth of 100%. At the same time, our most recent consensus estimate is projecting a revenue of $1.04 billion, reflecting a 35.12% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.6 per share and a revenue of $4.57 billion, indicating changes of +53.85% and +27.16%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for SoFi Technologies, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% lower. SoFi Technologies, Inc. currently has a Zacks Rank of #3 (Hold).
In terms of valuation, SoFi Technologies, Inc. is currently trading at a Forward P/E ratio of 28.03. This expresses a premium compared to the average Forward P/E of 9.73 of its industry.
The Financial - Miscellaneous Services industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 151, positioning it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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SoFi Technologies, Inc. (SOFI) Outperforms Broader Market: What You Need to Know
SoFi Technologies, Inc. (SOFI - Free Report) closed at $17.13 in the latest trading session, marking a +1.36% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 1.15%. On the other hand, the Dow registered a gain of 1.38%, and the technology-centric Nasdaq increased by 1.38%.
Heading into today, shares of the company had lost 11.15% over the past month, lagging the Finance sector's loss of 8.15% and the S&P 500's loss of 5.69%.
The upcoming earnings release of SoFi Technologies, Inc. will be of great interest to investors. In that report, analysts expect SoFi Technologies, Inc. to post earnings of $0.12 per share. This would mark year-over-year growth of 100%. At the same time, our most recent consensus estimate is projecting a revenue of $1.04 billion, reflecting a 35.12% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.6 per share and a revenue of $4.57 billion, indicating changes of +53.85% and +27.16%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for SoFi Technologies, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% lower. SoFi Technologies, Inc. currently has a Zacks Rank of #3 (Hold).
In terms of valuation, SoFi Technologies, Inc. is currently trading at a Forward P/E ratio of 28.03. This expresses a premium compared to the average Forward P/E of 9.73 of its industry.
The Financial - Miscellaneous Services industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 151, positioning it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.