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SoFi Technologies, Inc. (SOFI) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, SoFi Technologies, Inc. (SOFI - Free Report) closed at $18.19, marking a +1.73% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.18%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 2.07%.
Prior to today's trading, shares of the company had lost 1.87% lagged the Finance sector's gain of 1.96% and was narrower than the S&P 500's loss of 2.9%.
Investors will be eagerly watching for the performance of SoFi Technologies, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.12, indicating a 50% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.11 billion, reflecting a 29.67% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.59 per share and a revenue of $4.66 billion, representing changes of +51.28% and +29.79%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SoFi Technologies, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, the Zacks Consensus EPS estimate has shifted 1.14% upward. At present, SoFi Technologies, Inc. boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, SoFi Technologies, Inc. is holding a Forward P/E ratio of 30.08. For comparison, its industry has an average Forward P/E of 10.85, which means SoFi Technologies, Inc. is trading at a premium to the group.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 92, finds itself in the top 38% echelons of all 250+ industries.
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.
To follow SOFI in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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SoFi Technologies, Inc. (SOFI) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, SoFi Technologies, Inc. (SOFI - Free Report) closed at $18.19, marking a +1.73% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.18%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 2.07%.
Prior to today's trading, shares of the company had lost 1.87% lagged the Finance sector's gain of 1.96% and was narrower than the S&P 500's loss of 2.9%.
Investors will be eagerly watching for the performance of SoFi Technologies, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.12, indicating a 50% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.11 billion, reflecting a 29.67% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.59 per share and a revenue of $4.66 billion, representing changes of +51.28% and +29.79%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SoFi Technologies, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, the Zacks Consensus EPS estimate has shifted 1.14% upward. At present, SoFi Technologies, Inc. boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, SoFi Technologies, Inc. is holding a Forward P/E ratio of 30.08. For comparison, its industry has an average Forward P/E of 10.85, which means SoFi Technologies, Inc. is trading at a premium to the group.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 92, finds itself in the top 38% echelons of all 250+ industries.
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.
To follow SOFI in the coming trading sessions, be sure to utilize Zacks.com.