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SoFi Technologies, Inc. (SOFI) Stock Sinks As Market Gains: Here's Why
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SoFi Technologies, Inc. (SOFI - Free Report) ended the recent trading session at $17.87, demonstrating a -3.67% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.38%. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq appreciated by 0.62%.
Coming into today, shares of the company had gained 4.74% in the past month. In that same time, the Finance sector gained 3.3%, while the S&P 500 gained 1.61%.
Investors will be eagerly watching for the performance of SoFi Technologies, Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 29, 2026. On that day, SoFi Technologies, Inc. is projected to report earnings of $0.11 per share, which would represent year-over-year growth of 37.5%. In the meantime, our current consensus estimate forecasts the revenue to be $1.11 billion, indicating a 29.67% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.59 per share and a revenue of $4.66 billion, indicating changes of +51.28% and +29.79%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for SoFi Technologies, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 1.71% rise in the Zacks Consensus EPS estimate. Right now, SoFi Technologies, Inc. possesses a Zacks Rank of #3 (Hold).
Investors should also note SoFi Technologies, Inc.'s current valuation metrics, including its Forward P/E ratio of 31.25. This indicates a premium in contrast to its industry's Forward P/E of 11.03.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 162, finds itself in the bottom 35% echelons of all 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Image: Bigstock
SoFi Technologies, Inc. (SOFI) Stock Sinks As Market Gains: Here's Why
SoFi Technologies, Inc. (SOFI - Free Report) ended the recent trading session at $17.87, demonstrating a -3.67% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.38%. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq appreciated by 0.62%.
Coming into today, shares of the company had gained 4.74% in the past month. In that same time, the Finance sector gained 3.3%, while the S&P 500 gained 1.61%.
Investors will be eagerly watching for the performance of SoFi Technologies, Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 29, 2026. On that day, SoFi Technologies, Inc. is projected to report earnings of $0.11 per share, which would represent year-over-year growth of 37.5%. In the meantime, our current consensus estimate forecasts the revenue to be $1.11 billion, indicating a 29.67% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.59 per share and a revenue of $4.66 billion, indicating changes of +51.28% and +29.79%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for SoFi Technologies, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 1.71% rise in the Zacks Consensus EPS estimate. Right now, SoFi Technologies, Inc. possesses a Zacks Rank of #3 (Hold).
Investors should also note SoFi Technologies, Inc.'s current valuation metrics, including its Forward P/E ratio of 31.25. This indicates a premium in contrast to its industry's Forward P/E of 11.03.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 162, finds itself in the bottom 35% echelons of all 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.