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SoFi Technologies, Inc. (SOFI) Stock Declines While Market Improves: Some Information for Investors
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The most recent trading session ended with SoFi Technologies, Inc. (SOFI - Free Report) standing at $6.72, reflecting a -0.74% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.15%. At the same time, the Dow added 0.36%, and the tech-heavy Nasdaq gained 0.17%.
Coming into today, shares of the company had lost 5.45% in the past month. In that same time, the Business Services sector gained 0.12%, while the S&P 500 gained 3.2%.
The investment community will be paying close attention to the earnings performance of SoFi Technologies, Inc. in its upcoming release. The company is predicted to post an EPS of $0.01, indicating a 116.67% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $570.87 million, up 16.79% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.08 per share and a revenue of $2.39 billion, representing changes of +122.22% and +15.45%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for SoFi Technologies, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. SoFi Technologies, Inc. presently features a Zacks Rank of #3 (Hold).
With respect to valuation, SoFi Technologies, Inc. is currently being traded at a Forward P/E ratio of 80.57. This denotes a premium relative to the industry's average Forward P/E of 23.17.
One should further note that SOFI currently holds a PEG ratio of 1.58. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Technology Services industry currently had an average PEG ratio of 1.45 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 55, positioning it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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SoFi Technologies, Inc. (SOFI) Stock Declines While Market Improves: Some Information for Investors
The most recent trading session ended with SoFi Technologies, Inc. (SOFI - Free Report) standing at $6.72, reflecting a -0.74% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.15%. At the same time, the Dow added 0.36%, and the tech-heavy Nasdaq gained 0.17%.
Coming into today, shares of the company had lost 5.45% in the past month. In that same time, the Business Services sector gained 0.12%, while the S&P 500 gained 3.2%.
The investment community will be paying close attention to the earnings performance of SoFi Technologies, Inc. in its upcoming release. The company is predicted to post an EPS of $0.01, indicating a 116.67% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $570.87 million, up 16.79% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.08 per share and a revenue of $2.39 billion, representing changes of +122.22% and +15.45%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for SoFi Technologies, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. SoFi Technologies, Inc. presently features a Zacks Rank of #3 (Hold).
With respect to valuation, SoFi Technologies, Inc. is currently being traded at a Forward P/E ratio of 80.57. This denotes a premium relative to the industry's average Forward P/E of 23.17.
One should further note that SOFI currently holds a PEG ratio of 1.58. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Technology Services industry currently had an average PEG ratio of 1.45 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 55, positioning it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.