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The company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in all the trailing four quarters, delivering an earnings surprise of 13.6% on average.
The Zacks Consensus Estimate for SoFi’s revenues in the to-be-reported quarter is pegged at $441.7 million, indicating a 33.7% year-over-year increase. The top line is likely to have benefited from the national bank license obtained by the company and the provision of SoFi Money products.
The consensus estimate for the bottom line in the to-be-reported quarter stands at a loss of 8 cents per share. The company incurred a loss of 14 cents per share in the year-ago quarter. Prudent strategy execution is likely to have benefited the company’s diversification and durability, thereby improving profitability.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for SOFI this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
SOFI has an Earnings ESP of 0.00% and a Zacks Rank of 3.
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector, which according to our model, have the right combination of elements to beat on earnings this season:
It is scheduled to report its first-quarter 2023 results on May 4, before the market open.
The Zacks Consensus Estimate for the bottom line is pegged at $1.33 per share, down 13.1% from the year-ago figure. The consensus mark for revenues is pegged at $152.6 million, up 2.8% from the figure reported a year ago. CRAI had an average surprise of 19.8% in the previous four quarters.
Avis Budget (CAR - Free Report) currently has an Earnings ESP of +12.63% and a Zacks Rank of 3. It is scheduled to report its first-quarter 2023 results on May 1, after the market close.
The Zacks Consensus Estimate for earnings is pegged at $3.42 per share, down 65.8% from the year-ago figure. The consensus mark for revenues is pegged at $2.5 billion, up 2.9% from the prior-year figure. CAR had an average surprise of 78% in the previous four quarters.
S&P Global (SPGI - Free Report) currently has an Earnings ESP of +1.2% and a Zacks Rank of 3. It is scheduled to report its first-quarter 2023 results on Apr 27, before the market open.
The Zacks Consensus Estimate for earnings is pegged at $2.92 per share, up 1.04% from the year-ago figure. The consensus mark for revenues is pegged at $3.1 billion, up 27.7% from the prior-year figure. SPGI has an average surprise of 0.19% in the previous four quarters.
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Here's What to Expect From SoFi Technologies' (SOFI) Q1 Earnings
SoFi Technologies, Inc. (SOFI - Free Report) is scheduled to report its first-quarter 2023 results on May 1, before market open.
The company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in all the trailing four quarters, delivering an earnings surprise of 13.6% on average.
SoFi Technologies, Inc. Price and EPS Surprise
SoFi Technologies, Inc. price-eps-surprise | SoFi Technologies, Inc. Quote
Expectations This Time Around
The Zacks Consensus Estimate for SoFi’s revenues in the to-be-reported quarter is pegged at $441.7 million, indicating a 33.7% year-over-year increase. The top line is likely to have benefited from the national bank license obtained by the company and the provision of SoFi Money products.
The consensus estimate for the bottom line in the to-be-reported quarter stands at a loss of 8 cents per share. The company incurred a loss of 14 cents per share in the year-ago quarter. Prudent strategy execution is likely to have benefited the company’s diversification and durability, thereby improving profitability.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for SOFI this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
SOFI has an Earnings ESP of 0.00% and a Zacks Rank of 3.
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector, which according to our model, have the right combination of elements to beat on earnings this season:
Charles River Associates (CRAI - Free Report) currently has an Earnings ESP of +2.63% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
It is scheduled to report its first-quarter 2023 results on May 4, before the market open.
The Zacks Consensus Estimate for the bottom line is pegged at $1.33 per share, down 13.1% from the year-ago figure. The consensus mark for revenues is pegged at $152.6 million, up 2.8% from the figure reported a year ago. CRAI had an average surprise of 19.8% in the previous four quarters.
Avis Budget (CAR - Free Report) currently has an Earnings ESP of +12.63% and a Zacks Rank of 3. It is scheduled to report its first-quarter 2023 results on May 1, after the market close.
The Zacks Consensus Estimate for earnings is pegged at $3.42 per share, down 65.8% from the year-ago figure. The consensus mark for revenues is pegged at $2.5 billion, up 2.9% from the prior-year figure. CAR had an average surprise of 78% in the previous four quarters.
S&P Global (SPGI - Free Report) currently has an Earnings ESP of +1.2% and a Zacks Rank of 3. It is scheduled to report its first-quarter 2023 results on Apr 27, before the market open.
The Zacks Consensus Estimate for earnings is pegged at $2.92 per share, up 1.04% from the year-ago figure. The consensus mark for revenues is pegged at $3.1 billion, up 27.7% from the prior-year figure. SPGI has an average surprise of 0.19% in the previous four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.