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SoFi Technologies, Inc. (SOFI) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, SoFi Technologies, Inc. (SOFI - Free Report) closed at $5.44, marking a +1.49% move from the previous day. This change outpaced the S&P 500's 0.4% gain on the day. At the same time, the Dow added 0.33%, and the tech-heavy Nasdaq lost 1.1%.
Prior to today's trading, shares of the company had gained 15.77% over the past month. This has outpaced the Business Services sector's gain of 1.54% and the S&P 500's loss of 0.01% in that time.
Wall Street will be looking for positivity from SoFi Technologies, Inc. as it approaches its next earnings report date. This is expected to be January 30, 2023. In that report, analysts expect SoFi Technologies, Inc. to post earnings of -$0.09 per share. This would mark year-over-year growth of 40%. Meanwhile, our latest consensus estimate is calling for revenue of $424.17 million, up 48.51% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for SoFi Technologies, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team 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. Over the past month, the Zacks Consensus EPS estimate has moved 3.16% lower. SoFi Technologies, Inc. is currently a Zacks Rank #3 (Hold).
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow SOFI in the coming trading sessions, be sure to utilize Zacks.com.
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SoFi Technologies, Inc. (SOFI) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, SoFi Technologies, Inc. (SOFI - Free Report) closed at $5.44, marking a +1.49% move from the previous day. This change outpaced the S&P 500's 0.4% gain on the day. At the same time, the Dow added 0.33%, and the tech-heavy Nasdaq lost 1.1%.
Prior to today's trading, shares of the company had gained 15.77% over the past month. This has outpaced the Business Services sector's gain of 1.54% and the S&P 500's loss of 0.01% in that time.
Wall Street will be looking for positivity from SoFi Technologies, Inc. as it approaches its next earnings report date. This is expected to be January 30, 2023. In that report, analysts expect SoFi Technologies, Inc. to post earnings of -$0.09 per share. This would mark year-over-year growth of 40%. Meanwhile, our latest consensus estimate is calling for revenue of $424.17 million, up 48.51% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for SoFi Technologies, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team 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. Over the past month, the Zacks Consensus EPS estimate has moved 3.16% lower. SoFi Technologies, Inc. is currently a Zacks Rank #3 (Hold).
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow SOFI in the coming trading sessions, be sure to utilize Zacks.com.