In the latest close session, SoFi Technologies, Inc. (SOFI) was up +1.12% at $17.16. Meanwhile, the Dow experienced a drop of 0.36%, and the technology-dominated Nasdaq saw an increase of 0.45%.
The company's shares have seen a decrease of 6.96% over the last month, not keeping up with the Finance sector's loss of 1.11% and the S&P 500's gain of 1.27%.
The investment community will be paying close attention to the earnings performance of SoFi Technologies, Inc. in its upcoming release. On that day, SoFi Technologies, Inc. is projected to report earnings of $0.17 per share, which would represent year-over-year growth of 54.55%. Meanwhile, the latest consensus estimate predicts the revenue to be $1.24 billion, indicating a 31.08% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $0.6 per share and a revenue of $4.87 billion, demonstrating changes of +53.85% and +35.52%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for SoFi Technologies, Inc. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SoFi Technologies, Inc. is currently a Zacks Rank #3 (Hold).
Investors should also note SoFi Technologies, Inc.'s current valuation metrics, including its Forward P/E ratio of 28.15. For comparison, its industry has an average Forward P/E of 11.69, which means SoFi Technologies, Inc. is trading at a premium to the group.
We can additionally observe that SOFI currently boasts a PEG ratio of 1.41. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Financial - Miscellaneous Services stocks are, on average, holding a PEG ratio of 0.99 based on yesterday's closing prices.
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 102, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 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
This article originally published on Zacks Investment Research (zacks.com).