SoFi Technologies (NASDAQ:SOFI – Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $598.60 million during the quarter, compared to the consensus estimate of $565.19 million. SoFi Technologies had a positive return on equity of 2.25% and a negative net margin of 5.15%. SoFi Technologies’s revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.06) EPS. On average, analysts expect SoFi Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
SoFi Technologies Price Performance
SoFi Technologies stock opened at $10.40 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.88 and a quick ratio of 0.21. The company has a market capitalization of $11.00 billion, a PE ratio of -33.55, a price-to-earnings-growth ratio of 1.72 and a beta of 1.70. SoFi Technologies has a one year low of $6.01 and a one year high of $10.54. The business has a 50 day simple moving average of $7.99 and a 200 day simple moving average of $7.35.
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Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Barclays cut their price objective on SoFi Technologies from $10.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 9th. Keefe, Bruyette & Woods cut their price objective on SoFi Technologies from $7.50 to $7.00 and set a “market perform” rating for the company in a research report on Tuesday, July 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price objective on shares of SoFi Technologies in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $9.25.
Get Our Latest Research Report on SoFi Technologies
SoFi Technologies Company Profile
SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.
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