SoFi Technologies, Inc. (SOFI) closed the most recent trading day at $9.72, up +0.83% from the previous trading session. The stock outperformed the S&P 500, which posted a 0.17% gain on the day. Meanwhile, the Dow Jones lost 0.05% and the Nasdaq, a tech-heavy index, added 0.2%.
Prior to today's trading, shares of the company had gained 39.71% over the past month. This has outpaced the Business Services sector's gain of 7.17% and the S&P 500's gain of 4.71% in that time.
Investors will be keeping an eye on SoFi Technologies, Inc.'s performance in its next earnings release. The company is expected to post an EPS of $0, showing a 100% upward movement from the corresponding quarter of the previous year. At the same time, our latest consensus estimate expects revenue to be $575.85 million, showing an increase of 26.1% compared to the prior-year quarter.
For the full year, Zacks Consensus Estimates are projecting earnings of -$0.39 per share and revenue of $2.06 billion, showing changes of +2.5% and +30.79%, respectively, with Over the previous year.
Additionally, it would be beneficial for investors to monitor any recent changes to analyst projections for SoFi Technologies, Inc. These revisions help show the ever-changing nature of near-term business trends. Therefore, positive estimate changes indicate analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can take advantage of this by using the Zacks Rank. This model considers these estimated changes and provides a simple and actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has a notable track record of outperformance, validated by third-party audits, with #1 rated stocks producing an average annual return of +25%. since 1988. Over the past 30 days, our consensus EPS projection has moved up 6.77%. Currently, SoFi Technologies, Inc. is a Zacks Rank #2 (Buy).
The Technology Services industry is part of the Business Services sector. Currently sporting a Zacks Industry Rank of 68, this industry is in the top 27% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our specific industry groups by calculating the average Zacks Rank of the individual stocks incorporated into the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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SoFi Technologies, Inc. (SOFI): Free Stock Analysis Report
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