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SoFi Technologies, Inc. (SOFI) Falls More Steeply Than Broader Market: What Investors Need to Know
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In the latest close session, SoFi Technologies, Inc. (SOFI - Free Report) was down 3.64% at $15.87. This move lagged the S&P 500's daily loss of 1.62%. Meanwhile, the Dow lost 1.87%, and the Nasdaq, a tech-heavy index, lost 1.98%.
The stock of company has risen by 3.58% in the past month, leading the Finance sector's gain of 0.94% and the S&P 500's loss of 0.03%.
Market participants will be closely following the financial results of SoFi Technologies, Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be $0.12, reflecting a 50% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.12 billion, up 30.44% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.59 per share and a revenue of $4.64 billion, signifying shifts of +51.28% and +29.09%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for SoFi Technologies, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.38% decrease. SoFi Technologies, Inc. is currently sporting a Zacks Rank of #4 (Sell).
In terms of valuation, SoFi Technologies, Inc. is presently being traded at a Forward P/E ratio of 27.99. This indicates a premium in contrast to its industry's Forward P/E of 10.33.
The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 151, this industry ranks in the bottom 39% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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SoFi Technologies, Inc. (SOFI) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest close session, SoFi Technologies, Inc. (SOFI - Free Report) was down 3.64% at $15.87. This move lagged the S&P 500's daily loss of 1.62%. Meanwhile, the Dow lost 1.87%, and the Nasdaq, a tech-heavy index, lost 1.98%.
The stock of company has risen by 3.58% in the past month, leading the Finance sector's gain of 0.94% and the S&P 500's loss of 0.03%.
Market participants will be closely following the financial results of SoFi Technologies, Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be $0.12, reflecting a 50% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.12 billion, up 30.44% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.59 per share and a revenue of $4.64 billion, signifying shifts of +51.28% and +29.09%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for SoFi Technologies, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.38% decrease. SoFi Technologies, Inc. is currently sporting a Zacks Rank of #4 (Sell).
In terms of valuation, SoFi Technologies, Inc. is presently being traded at a Forward P/E ratio of 27.99. This indicates a premium in contrast to its industry's Forward P/E of 10.33.
The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 151, this industry ranks in the bottom 39% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.