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SoFi Technologies, Inc. (SOFI) Stock Sinks As Market Gains: What You Should Know
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SoFi Technologies, Inc. (SOFI - Free Report) closed the most recent trading day at $18.92, moving -0.26% from the previous trading session. This move lagged the S&P 500's daily gain of 0.3%.
Prior to today's trading, shares of the company had gained 30.83% over the past month. This has outpaced the Business Services sector's loss of 6.77% and the S&P 500's loss of 2.37% in that time.
Wall Street will be looking for positivity from SOFI as it approaches its next earnings report date. This is expected to be November 10, 2021.
Investors might also notice recent changes to analyst estimates for SOFI. 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 company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection has moved 5.95% lower. SOFI is currently a Zacks Rank #3 (Hold).
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 170, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SOFI in the coming trading sessions, be sure to utilize Zacks.com.
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SoFi Technologies, Inc. (SOFI) Stock Sinks As Market Gains: What You Should Know
SoFi Technologies, Inc. (SOFI - Free Report) closed the most recent trading day at $18.92, moving -0.26% from the previous trading session. This move lagged the S&P 500's daily gain of 0.3%.
Prior to today's trading, shares of the company had gained 30.83% over the past month. This has outpaced the Business Services sector's loss of 6.77% and the S&P 500's loss of 2.37% in that time.
Wall Street will be looking for positivity from SOFI as it approaches its next earnings report date. This is expected to be November 10, 2021.
Investors might also notice recent changes to analyst estimates for SOFI. 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 company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection has moved 5.95% lower. SOFI is currently a Zacks Rank #3 (Hold).
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 170, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SOFI in the coming trading sessions, be sure to utilize Zacks.com.