Should You Buy SoFi Technologies (SOFI) Ahead of Q1 Earnings?

Zacks04-25

SoFi Technologies, Inc. SOFI will report its first-quarter 2024 results on Apr 29, before the bell. Let’s check out how SOFI is currently doing. Stock Performance & Valuation The stock gained 30% over...

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SOFI will report its first-quarter 2024 results on Apr 29, before the bell.\nLet’s check out how SOFI is currently doing.\nStock Performance & Valuation\nThe stock gained 30% over...</p>\n\n<a href=\"https://finance.yahoo.com/news/buy-sofi-technologies-sofi-ahead-165800905.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Should You Buy SoFi Technologies (SOFI) Ahead of Q1 Earnings?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShould You Buy SoFi Technologies (SOFI) Ahead of Q1 Earnings?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-25 00:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/buy-sofi-technologies-sofi-ahead-165800905.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SoFi Technologies, Inc. SOFI will report its first-quarter 2024 results on Apr 29, before the bell.\nLet’s check out how SOFI is currently doing.\nStock Performance & Valuation\nThe stock gained 30% over...</p>\n\n<a href=\"https://finance.yahoo.com/news/buy-sofi-technologies-sofi-ahead-165800905.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SOFI","symbol_name":"SoFi Technologies Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/buy-sofi-technologies-sofi-ahead-165800905.html","article_id":"2430746783","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/esGBzeXBQnzFt0oz8IPN6w--~B/aD0zNDk7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/f8e8dd74fec7b16eb85235be391efa80"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430746783","pubTimestamp":1713977880,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"SoFi Technologies, Inc. SOFI will report its first-quarter 2024 results on Apr 29, before the bell.Let’s check out how SOFI is currently doing.The stock gained 30% over the past year. Although an impressive gain, outperforming the Zacks S&P 500 composite’s rally of 21.8%, the stock has underperformed the 47.3% rally of the industry.On the basis of EV-to-EBITDA, SOFI is currently trading at 13.55X compared with the industry’s 57.18X. If we look at the Price/Earnings ratio, SOFI shares currently trade at 55.98X forward earnings, well above the industry’s 38.01X.SoFi Technologies, Inc. price | SoFi Technologies, Inc. Quote. Given this backdrop, it may not be a bad idea to wait for this fundamentally strong stock to undergo some correction and offer a better entry point rath","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"translate_title":"你应该在Q1收益之前购买SoFi Technologies吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOFI":1},"content_text":"SoFi Technologies, Inc. SOFI will report its first-quarter 2024 results on Apr 29, before the bell.\nLet’s check out how SOFI is currently doing.\nStock Performance & Valuation\nThe stock gained 30% over the past year. Although an impressive gain, outperforming the Zacks S&P 500 composite’s rally of 21.8%, the stock has underperformed the 47.3% rally of the industry.\nOn the basis of EV-to-EBITDA, SOFI is currently trading at 13.55X compared with the industry’s 57.18X. If we look at the Price/Earnings ratio, SOFI shares currently trade at 55.98X forward earnings, well above the industry’s 38.01X.\n\nSoFi Technologies, Inc. Price  \nSoFi Technologies, Inc. price | SoFi Technologies, Inc. Quote\n\nSales and Margin Performance\nThe company had an exceptional year in 2023. It saw a remarkable 35% increase in adjusted net revenue, reaching a record high of $2.1 billion. This indicates a strong demand for services. Adjusted EBITDA soared by 200% year over year, reaching $432 million. This significant increase demonstrates improved operational efficiency. SOFI achieved a remarkable 54% incremental margin and a consolidated EBITDA margin of 21% for 2023. These margins exceed the company’s long-term target of 30%, indicating efficient cost management.\nMembers and Products\nMembers and products both experienced robust growth rates of more than 40% in 2023. The company added 2.3 million new members in 2023, bringing the total to 7.5 million members. Additionally, 3.2 million new products were added, resulting in a total of 11 million products by the end of the year.\nLiquidity\nSOFI’s current ratio (a measure of liquidity) was at 1.04 at the end of fourth-quarter 2023, lower than the prior quarter’s 1.52 and the year ago quarter’s 2. A current ratio of more than 1 often indicates that a company will be easily paying off its short-term obligations. However, a decreasing current ratio does not bode well.\nSales and EPS Growth Prospects\nThe Zacks Consensus Estimate for SOFI’s 2024 sales and EPS implies year-over-year growth of 15.5% and 122.2%, respectively. The estimate for EPS has moved north by a penny over the past 30 days.\nTo Conclude\nWhile SOFI trades at a discount relative to its industry based on EV-to-EBITDA, it looks expensive based on P/E. The company’s liquidity position based on the current ratio remains healthy, but the decreasing trend poses a bit of concern.\nSince the stock has risen a whopping 30% in the past year, it may undergo a correction soon, especially when SOFI does not seem poised for an earnings beat. Our quantitative model suggests that the combination of two key elements — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better — increases the odds of a positive earnings surprise. But that’s not the case with SOFI at present, as it has an Earnings ESP of -45.71% and carries a Zacks Rank #3.\nGiven this backdrop, it may not be a bad idea to wait for this fundamentally strong stock to undergo some correction and offer a better entry point rather than rushing to purchase the stock before Apr 29. This tactic will help you “Buy the Dip.”\nStocks That Warrant a Look\nHere are a few stocks from the broader Business Services sector, which, according to our model, also have the right combination of elements to beat on earnings this season.\nAppLovin APP: The Zacks Consensus Estimate for the company’s first-quarter 2024 revenues is pegged at $969.9 million, indicating a rise of 35.6% from the year-ago quarter’s reported figure. For earnings, the consensus mark is pegged at 57 cents per share, suggesting a rise of more than 100% from the year-ago quarter’s actual. The company beat the consensus estimate in three of the past four quarters and missed once, with an average surprise of 26.5%.\nAPP has an Earnings ESP of +2.66% and currently sports a Zacks Rank of 3. The company is scheduled to post its first-quarter results on May 8. You can see the complete list of today’s Zacks #1 Rank stocks here.\nCharles River Associates CRAI: The Zacks Consensus Estimate for the company’s first-quarter 2024 revenues is pegged at $160.7 million, indicating 5.1% growth from the year-ago quarter’s reported figure. For earnings, the consensus mark is pegged at $1.4 per share, suggesting a 7.8% rise from the year-ago quarter’s actual. The company beat the consensus estimate in two of the past four quarters and missed on the other two, with an average surprise of 8.1%.\nCRAI currently has an Earnings ESP of +0.54% and a Zacks Rank of 1. The company is scheduled to declare its first-quarter results on May 2.\nStay on top of upcoming earnings announcements with the Zacks Earnings Calendar.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nCharles River Associates (CRAI) : Free Stock Analysis Report\nAppLovin Corporation (APP) : Free Stock Analysis Report\nSoFi Technologies, Inc. (SOFI) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430746783"}