A Glimpse of SoFi Techs's Earnings Potential

SoFi Techs (NASDAQ:SOFI) is preparing to release its quarterly earnings on Tuesday, 2024-10-29. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect SoFi Techs to report an earnings per share (EPS) of $0.04.

Investors in SoFi Techs are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Performance in Previous Earnings

In the previous earnings release, the company missed EPS by $0.00, leading to a 1.62% increase in the share price the following trading session.

Here's a look at SoFi Techs's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.01

0.01

0

-0.07

EPS Actual

0.01

0.02

0.02

-0.03

Price Change %

2.0%

-4.0%

-8.0%

9.0%

Performance of SoFi Techs Shares

Shares of SoFi Techs were trading at $10.99 as of October 25. Over the last 52-week period, shares are up 48.87%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Views on SoFi Techs

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on SoFi Techs.

The consensus rating for SoFi Techs is Buy, derived from 2 analyst ratings. An average one-year price target of ...