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SoFi Technologies, Inc. (SOFI) Stock Sinks As Market Gains: Here's Why
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In the latest trading session, SoFi Technologies, Inc. (SOFI - Free Report) closed at $15.76, marking a -1.01% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.58%. Meanwhile, the Dow gained 0.49%, and the Nasdaq, a tech-heavy index, added 0.45%.
The stock of company has fallen by 12.62% in the past month, lagging the Finance sector's loss of 4.49% and the S&P 500's gain of 0.84%.
The investment community will be closely monitoring the performance of SoFi Technologies, Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on October 27, 2026. On that day, SoFi Technologies, Inc. is projected to report earnings of $0.17 per share, which would represent year-over-year growth of 54.55%. Meanwhile, the latest consensus estimate predicts the revenue to be $1.25 billion, indicating a 31.12% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.6 per share and revenue of $4.87 billion, indicating changes of +53.85% and +35.52%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for SoFi Technologies, Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.55% decrease. Right now, SoFi Technologies, Inc. possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that SoFi Technologies, Inc. has a Forward P/E ratio of 26.56 right now. For comparison, its industry has an average Forward P/E of 11.17, which means SoFi Technologies, Inc. is trading at a premium to the group.
It's also important to note that SOFI currently trades at a PEG ratio of 1.33. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Financial - Miscellaneous Services industry stood at 0.96 at the close of the market yesterday.
The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 171, placing it within the bottom 31% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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SoFi Technologies, Inc. (SOFI) Stock Sinks As Market Gains: Here's Why
In the latest trading session, SoFi Technologies, Inc. (SOFI - Free Report) closed at $15.76, marking a -1.01% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.58%. Meanwhile, the Dow gained 0.49%, and the Nasdaq, a tech-heavy index, added 0.45%.
The stock of company has fallen by 12.62% in the past month, lagging the Finance sector's loss of 4.49% and the S&P 500's gain of 0.84%.
The investment community will be closely monitoring the performance of SoFi Technologies, Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on October 27, 2026. On that day, SoFi Technologies, Inc. is projected to report earnings of $0.17 per share, which would represent year-over-year growth of 54.55%. Meanwhile, the latest consensus estimate predicts the revenue to be $1.25 billion, indicating a 31.12% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.6 per share and revenue of $4.87 billion, indicating changes of +53.85% and +35.52%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for SoFi Technologies, Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.55% decrease. Right now, SoFi Technologies, Inc. possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that SoFi Technologies, Inc. has a Forward P/E ratio of 26.56 right now. For comparison, its industry has an average Forward P/E of 11.17, which means SoFi Technologies, Inc. is trading at a premium to the group.
It's also important to note that SOFI currently trades at a PEG ratio of 1.33. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Financial - Miscellaneous Services industry stood at 0.96 at the close of the market yesterday.
The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 171, placing it within the bottom 31% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.