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Unlocking Q3 Potential of SoFi Technologies (SOFI): Exploring Wall Street Estimates for Key Metrics
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Wall Street analysts expect SoFi Technologies, Inc. (SOFI - Free Report) to post quarterly earnings of $0.17 per share in its upcoming report, which indicates a year-over-year increase of 54.6%. Revenues are expected to be $1.26 billion, up 32.4% from the year-ago quarter.
The current level reflects a downward revision of 0.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific SoFi Technologies metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Net Interest Income' stands at $840.99 million. The estimate points to a change of +43.7% from the year-ago quarter.
It is projected by analysts that the 'Total Noninterest Income' will reach $425.24 million. The estimate suggests a change of +13% year over year.
Based on the collective assessment of analysts, 'Loan platform fees' should arrive at $156.16 million. The estimate indicates a year-over-year change of -5.3%.
The combined assessment of analysts suggests that 'Total Interest Income' will likely reach $1.25 billion. The estimate points to a change of +39.7% from the year-ago quarter.
Analysts expect 'Other' to come in at $98.14 million. The estimate indicates a change of +73.9% from the prior-year quarter.
The average prediction of analysts places 'Technology products and solutions' at $57.92 million. The estimate points to a change of -35.4% from the year-ago quarter.
According to the collective judgment of analysts, 'Loan origination, sales, securitizations and servicing' should come in at $92.74 million. The estimate points to a change of +41.7% from the year-ago quarter.
Analysts' assessment points toward 'Total Accounts - Technology Platform segment' reaching 139.77 million. The estimate compares to the year-ago value of 157.86 million.
The collective assessment of analysts points to an estimated 'Total Products - Financial Services segment' of 23.05 million. Compared to the current estimate, the company reported 16.09 million in the same quarter of the previous year.
Shares of SoFi Technologies have demonstrated returns of -10% over the past month compared to the Zacks S&P 500 composite's no change. With a Zacks Rank #3 (Hold), SOFI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Unlocking Q3 Potential of SoFi Technologies (SOFI): Exploring Wall Street Estimates for Key Metrics
Wall Street analysts expect SoFi Technologies, Inc. (SOFI - Free Report) to post quarterly earnings of $0.17 per share in its upcoming report, which indicates a year-over-year increase of 54.6%. Revenues are expected to be $1.26 billion, up 32.4% from the year-ago quarter.
The current level reflects a downward revision of 0.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific SoFi Technologies metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Net Interest Income' stands at $840.99 million. The estimate points to a change of +43.7% from the year-ago quarter.
It is projected by analysts that the 'Total Noninterest Income' will reach $425.24 million. The estimate suggests a change of +13% year over year.
Based on the collective assessment of analysts, 'Loan platform fees' should arrive at $156.16 million. The estimate indicates a year-over-year change of -5.3%.
The combined assessment of analysts suggests that 'Total Interest Income' will likely reach $1.25 billion. The estimate points to a change of +39.7% from the year-ago quarter.
Analysts expect 'Other' to come in at $98.14 million. The estimate indicates a change of +73.9% from the prior-year quarter.
The average prediction of analysts places 'Technology products and solutions' at $57.92 million. The estimate points to a change of -35.4% from the year-ago quarter.
According to the collective judgment of analysts, 'Loan origination, sales, securitizations and servicing' should come in at $92.74 million. The estimate points to a change of +41.7% from the year-ago quarter.
Analysts' assessment points toward 'Total Accounts - Technology Platform segment' reaching 139.77 million. The estimate compares to the year-ago value of 157.86 million.
The collective assessment of analysts points to an estimated 'Total Products - Financial Services segment' of 23.05 million. Compared to the current estimate, the company reported 16.09 million in the same quarter of the previous year.
View all Key Company Metrics for SoFi Technologies here>>>Shares of SoFi Technologies have demonstrated returns of -10% over the past month compared to the Zacks S&P 500 composite's no change. With a Zacks Rank #3 (Hold), SOFI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .