SoFi Technologies, Inc. (SOFI) Falls More Steeply Than Broader Market: What Investors Need to Know

In the latest close session, SoFi Technologies, Inc. (SOFI) was down 3.13% at $17.64. The stock trailed the S&P 500, which registered a daily loss of 0.11%. Meanwhile, the Dow experienced a rise of 0.91%, and the technology-dominated Nasdaq saw a decrease of 0.82%. The company's shares have seen an increase of 33.21% over the last month, surpassing the Finance sector's gain of 3.03% and the S&P 500's gain of 5.17%.The investment community will be paying close attention to the earnings performance of SoFi Technologies, Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be $0.06, reflecting a 500% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $803.09 million, up 34.53% from the prior-year quarter. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.27 per share and revenue of $3.29 billion, indicating changes of +80% and +26.15%, respectively, compared to the previous year. Investors should also take note of any recent adjustments to analyst estimates for SoFi Technologies, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 0.52% rise in the Zacks Consensus EPS estimate. SoFi Technologies, Inc. is holding a Zacks Rank of #3 (Hold) right now. Valuation is also important, so investors should note that SoFi Technologies, Inc. has a Forward P/E ratio of 66.25 right now. Its industry sports an average Forward P/E of 11.85, so one might conclude that SoFi Technologies, Inc. is trading at a premium comparatively. We can also see that SOFI currently has a PEG ratio of 3.08. 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 Financial - Miscellaneous Services was holding an average PEG ratio of 1.03 at yesterday's closing price. The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 149, this industry ranks in the bottom 40% of all industries, numbering over 250. 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. Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SoFi Technologies, Inc. (SOFI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks