SoFi Technologies stock slides after full-year guidance boost underwhelms

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SoFi Technologies stock slides after full-year guidance boost underwhelms

seekingalpha2023-05-02

SoFi Technologies (NASDAQ:SOFI) stock dropped 9.1% in Monday midday trading after the fintech bank issued full-year guidance indicating some metrics could trail Wall Street expectations. The company, ...

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CHANWAWA
·2023-05-02
Good stock should go higher, ppl just sentiment
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The company, ...</p>\n\n<a href=\"https://seekingalpha.com/news/3962694-sofi-technologies-stock-slides-after-full-year-guidance-boost-underwhelms\">Source Link</a>\n\n</div>\n","source":"seekingalpha","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>SoFi Technologies stock slides after full-year guidance boost underwhelms</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\">\nSoFi Technologies stock slides after full-year guidance boost underwhelms\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-02 00:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3962694-sofi-technologies-stock-slides-after-full-year-guidance-boost-underwhelms><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SoFi Technologies (NASDAQ:SOFI) stock dropped 9.1% in Monday midday trading after the fintech bank issued full-year guidance indicating some metrics could trail Wall Street expectations. The company, ...</p>\n\n<a href=\"https://seekingalpha.com/news/3962694-sofi-technologies-stock-slides-after-full-year-guidance-boost-underwhelms\">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":"BK4549","symbol_name":"软银资本持仓","start_time":0,"source_url":"https://seekingalpha.com/news/3962694-sofi-technologies-stock-slides-after-full-year-guidance-boost-underwhelms","article_id":"2332677969","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1372185836/image_1372185836.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2332677969","pubTimestamp":1682958032,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"SoFi Technologies (NASDAQ:SOFI) stock dropped 9.1% in Monday midday trading after the fintech bank i","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4549":"软银资本持仓","BK4551":"寇图资本持仓","BK4535":"淡马锡持仓","SOFI":"SoFi Technologies Inc.","BK4166":"消费信贷"},"translate_title":"SoFi Technologies的股票在全年指引推动下跌后下滑","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOFI":1},"content_text":"SoFi Technologies (NASDAQ:SOFI) stock dropped 9.1% in Monday midday trading after the fintech bank issued full-year guidance indicating some metrics could trail Wall Street expectations. The company, known for refinancing student loans, now expects 2023 adjusted net revenue of $1.955B-$2.02B vs. $1.97B consensus and up from its prior range of $1.925B-$2.0B. That indicates that at its worst, SOFI's annual revenue could still fall below the average analyst estimate. The company also increased its outlook for adjusted EBITDA to $268M-$288M, up from its prior guidance of $260M-$280M, and bracketing the Visible Alpha consensus of $271.3M. Management expects to reach quarterly GAAP net income profitability by Q4 2023 with GAAP net income incremental margins for the full year of 20%, both unchanged from prior guidance. For Q2 2023, SoFi (SOFI) expects adjusted net revenue of $470M-$480M vs. $463.8M consensus and adjusted EBITDA of $50M-$60M, higher than the Visible Alpha $45.8M consensus. With the strong Q2 guidance and Q1 revenue and earnings exceeding the consensus, investors may be disappointed that the lender didn't increase the full-year guidance more. 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Earlier, SoFi Technologies (SOFI) Q1 earnings beat estimates on higher segment revenue; company boosts FY23 outlook More on SoFi:  SoFi Technologies Has to Be Better Q1 Earnings: Beat, Raise, and Rise Improving, But I'm Staying Clear","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9947856029,"gmtCreate":1682963076062,"gmtModify":1682963079882,"author":{"id":"3574224378611015","authorId":"3574224378611015","name":"CHANWAWA","avatar":"https://static.tigerbbs.com/8a55a318d57589da339802c94a970399","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3574224378611015","authorIdStr":"3574224378611015"},"htmlText":"Good stock should go higher, ppl just sentiment&nbsp;","listText":"Good stock should go higher, ppl just sentiment&nbsp;","text":"Good stock should go higher, ppl just sentiment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947856029","repostId":2332677969,"repostType":2,"repost":{"id":"2332677969","kind":"highlight","pubTimestamp":1682958032,"share":"https://ttm.financial/m/news/2332677969?lang=&edition=fundamental","pubTime":"2023-05-02 00:20","market":"us","language":"en","title":"SoFi Technologies stock slides after full-year guidance boost underwhelms","url":"https://stock-news.laohu8.com/highlight/detail?id=2332677969","media":"seekingalpha","summary":"SoFi Technologies (NASDAQ:SOFI) stock dropped 9.1% in Monday midday trading after the fintech bank i","content":"<html><body><p>SoFi Technologies (<span>NASDAQ:SOFI</span>) stock <span>dropped 9.1%</span> in Monday midday trading after the fintech bank issued full-year guidance indicating some metrics could trail Wall Street expectations.</p> <p>The company, known for refinancing student loans, now expects 2023 adjusted net revenue of $1.955B-$2.02B vs. $1.97B consensus<span> and up from its prior range of $1.925B-$2.0B. That indicates that at its worst, SOFI's annual revenue could still fall below the average analyst estimate.</span></p> <p>The company also increased its outlook for adjusted EBITDA to $268M-$288M, up from its prior guidance of $260M-$280M, and bracketing the Visible Alpha consensus of $271.3M.</p> <p>Management expects to reach quarterly GAAP net income profitability by Q4 2023 with GAAP net income incremental margins for the full year of 20%, both unchanged from prior guidance.</p> <p>For Q2 2023, SoFi (SOFI) expects adjusted net revenue of $470M-$480M vs. $463.8M consensus and adjusted EBITDA of $50M-$60M, higher than the Visible Alpha $45.8M consensus.</p> <p>With the strong Q2 guidance and Q1 revenue and earnings exceeding the consensus, investors may be disappointed that the lender didn't increase the full-year guidance more.</p> <p>Q1 GAAP EPS of -$0.05, better than the -$0.09 consensus, compared with -$0.05 in Q4 2022 and -$0.14 in Q1 2022.</p> <p>Q1 total net revenue of $472.2M, beating the $436.8M consensus, increased from $443.4M in the prior quarter and from $330.3M in the year-ago period.</p> <p>Q1 adjusted EBITDA of $75.7M rose from $70.1M in the prior quarter and from $8.68M in the year-ago quarter.</p> <p>Origination volume in the first quarter of 2023 was $3.57B, up 7% Y/Y, on the strength of growth in personal loans, which surged 46% to $2.95B in Q1. Student loan originations of $525.4M dropped 47% Y/Y and home loan originations of $89.8M sank 71%. </p> <p>Earlier, SoFi Technologies (SOFI) Q1 earnings beat estimates on higher segment revenue; company boosts FY23 outlook</p> <h2>More on SoFi:</h2> <ul> <li>SoFi Technologies Has to Be Better</li> <li>Q1 Earnings: Beat, Raise, and Rise</li> <li>Improving, But I'm Staying Clear</li> </ul></body></html>","source":"seekingalpha","collect":0,"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>SoFi Technologies stock slides after full-year guidance boost underwhelms</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\">\nSoFi Technologies stock slides after full-year guidance boost underwhelms\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-02 00:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3962694-sofi-technologies-stock-slides-after-full-year-guidance-boost-underwhelms><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SoFi Technologies (NASDAQ:SOFI) stock dropped 9.1% in Monday midday trading after the fintech bank issued full-year guidance indicating some metrics could trail Wall Street expectations. The company, ...</p>\n\n<a href=\"https://seekingalpha.com/news/3962694-sofi-technologies-stock-slides-after-full-year-guidance-boost-underwhelms\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1372185836/image_1372185836.jpg","relate_stocks":{"BK4166":"消费信贷","BK4551":"寇图资本持仓","BK4549":"软银资本持仓","BK4535":"淡马锡持仓","SOFI":"SoFi Technologies Inc."},"source_url":"https://seekingalpha.com/news/3962694-sofi-technologies-stock-slides-after-full-year-guidance-boost-underwhelms","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2332677969","content_text":"SoFi Technologies (NASDAQ:SOFI) stock dropped 9.1% in Monday midday trading after the fintech bank issued full-year guidance indicating some metrics could trail Wall Street expectations. The company, known for refinancing student loans, now expects 2023 adjusted net revenue of $1.955B-$2.02B vs. $1.97B consensus and up from its prior range of $1.925B-$2.0B. That indicates that at its worst, SOFI's annual revenue could still fall below the average analyst estimate. The company also increased its outlook for adjusted EBITDA to $268M-$288M, up from its prior guidance of $260M-$280M, and bracketing the Visible Alpha consensus of $271.3M. Management expects to reach quarterly GAAP net income profitability by Q4 2023 with GAAP net income incremental margins for the full year of 20%, both unchanged from prior guidance. For Q2 2023, SoFi (SOFI) expects adjusted net revenue of $470M-$480M vs. $463.8M consensus and adjusted EBITDA of $50M-$60M, higher than the Visible Alpha $45.8M consensus. With the strong Q2 guidance and Q1 revenue and earnings exceeding the consensus, investors may be disappointed that the lender didn't increase the full-year guidance more. Q1 GAAP EPS of -$0.05, better than the -$0.09 consensus, compared with -$0.05 in Q4 2022 and -$0.14 in Q1 2022. Q1 total net revenue of $472.2M, beating the $436.8M consensus, increased from $443.4M in the prior quarter and from $330.3M in the year-ago period. Q1 adjusted EBITDA of $75.7M rose from $70.1M in the prior quarter and from $8.68M in the year-ago quarter. Origination volume in the first quarter of 2023 was $3.57B, up 7% Y/Y, on the strength of growth in personal loans, which surged 46% to $2.95B in Q1. Student loan originations of $525.4M dropped 47% Y/Y and home loan originations of $89.8M sank 71%.  Earlier, SoFi Technologies (SOFI) Q1 earnings beat estimates on higher segment revenue; company boosts FY23 outlook More on SoFi:  SoFi Technologies Has to Be Better Q1 Earnings: Beat, Raise, and Rise Improving, But I'm Staying Clear","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}