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SoFi Technologies, Inc. (SOFI) Dips More Than Broader Market: What You Should Know
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SoFi Technologies, Inc. (SOFI - Free Report) ended the recent trading session at $17.07, demonstrating a -3.23% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.14%. On the other hand, the Dow registered a loss of 0.01%, and the technology-centric Nasdaq decreased by 0.57%.
Coming into today, shares of the company had gained 2.02% in the past month. In that same time, the Finance sector gained 2.55%, while the S&P 500 gained 0.25%.
Market participants will be closely following the financial results of SoFi Technologies, Inc. in its upcoming release. The company plans to announce its earnings 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%. Alongside, our most recent consensus estimate is anticipating revenue of $1.11 billion, indicating a 29.67% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.59 per share and a revenue of $4.66 billion, signifying shifts of +51.28% and +29.85%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for SoFi Technologies, Inc. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 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. The Zacks Consensus EPS estimate has moved 0.21% lower within the past month. 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 29.81. This valuation marks a premium compared to its industry average Forward P/E of 11.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 186, finds itself in the bottom 25% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
View the Zacks #1 Rank List
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SoFi Technologies, Inc. (SOFI) Dips More Than Broader Market: What You Should Know
SoFi Technologies, Inc. (SOFI - Free Report) ended the recent trading session at $17.07, demonstrating a -3.23% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.14%. On the other hand, the Dow registered a loss of 0.01%, and the technology-centric Nasdaq decreased by 0.57%.
Coming into today, shares of the company had gained 2.02% in the past month. In that same time, the Finance sector gained 2.55%, while the S&P 500 gained 0.25%.
Market participants will be closely following the financial results of SoFi Technologies, Inc. in its upcoming release. The company plans to announce its earnings 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%. Alongside, our most recent consensus estimate is anticipating revenue of $1.11 billion, indicating a 29.67% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.59 per share and a revenue of $4.66 billion, signifying shifts of +51.28% and +29.85%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for SoFi Technologies, Inc. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 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. The Zacks Consensus EPS estimate has moved 0.21% lower within the past month. 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 29.81. This valuation marks a premium compared to its industry average Forward P/E of 11.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 186, finds itself in the bottom 25% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.