Q: What is SoFi Technologies Inc. 2024/Q2 Earnings Preview?
TigerGPT Answer: ### Financial Forecast Data
**Earnings Per Share (EPS):**
- **Current Quarter (Q2 2024):** $0.01
- **Same Period Last Year (Q2 2023):** -$0.06
- **Percentage Change:**
\[
\left( \frac{0.01 - (-0.06)}{-0.06} \right) \times 100 = 116.67\%
\]
- **Significance:** The significant positive change in EPS indicates improved profitability and operational efficiency.
**Total Revenue:**
- **Current Quarter (Q2 2024):** $563,908,250
- **Same Period Last Year (Q2 2023):** $488,815,000
- **Percentage Change:**
\[
\left( \frac{563,908,250 - 488,815,000}{488,815,000} \right) \times 100 = 15.36\%
\]
- **Significance:** The increase in revenue suggests strong business growth and market demand.
**EBIT:**
- **Current Quarter (Q2 2024):** $13,668,750
- **Same Period Last Year (Q2 2023):** -$36,714,000
- **Percentage Change:**
\[
\left( \frac{13,668,750 - (-36,714,000)}{-36,714,000} \right) \times 100 = 137.23\%
\]
- **Significance:** The positive shift in EBIT from a loss to a profit indicates significant operational improvements and cost management.
### Quarterly Important News
**Positive News:**
- **Title:** SOFI Stock Strategy: The Best Play for Cautious Investors Ahead of Q2 Earnings
- **Summary:** With a pause in personal lending, SOFI stock isn’t a rock-solid buy for the remainder of 2024 and possibly into 2025.
- **Impact:** This news suggests cautious optimism about the company's future, indicating that while there are positive signs, investors should remain cautious due to potential uncertainties in personal lending.
### Forecast Viewpoints
**Related Articles:**
- **SoFi Technologies Inc expected to post earnings of 1 cent a share - Earnings Preview:** SoFi Technologies Inc expected to post earnings of 1 cent a share - Earnings Preview
- **SoFi (SOFI) Q2 Earnings Preview: Here’s What to Expect:** SoFi (SOFI) Q2 Earnings Preview: Here’s What to Expect
- **SoFi Stock (SOFI): Here’s What Investor Sentiment Signals Ahead of Q2 Earnings:** SoFi Stock (SOFI): Here’s What Investor Sentiment Signals Ahead of Q2 Earnings
### Stock Trend Analysis
**Quarterly Stock Price Fluctuation:**
- **From 2024-03-31 to 2024-06-29:** -9.45%
**Support and Resistance Levels:**
- **Support Price (2024-07-25):** $7.27
- **Resistance Price (2024-07-25):** $7.06
- **Latest Price (2024-07-27):** $7.425
**Analysis:**
- The stock has experienced a decline of 9.45% over the past quarter.
- The current price is slightly above the support level, indicating potential stability.
- The resistance level is close to the current price, suggesting limited upward movement unless there is a significant positive catalyst.
### Options Large Order Analysis
**Options Bulk Orders:**
- **SOFI 20240802 6.0 put:** 1172 units (buy)
- **SOFI 20240816 8.5 call:** 51250 units (sell)
- **SOFI 20240816 7.5 call:** 1402 units (sell)
- **SOFI 20240802 7.5 call:** 1396 units (buy)
- **SOFI 20240816 8.5 call:** 1857 units (buy)
**Analysis:**
- The presence of both call and put options with significant volumes indicates mixed sentiment.
- The higher volume of call options suggests a slight bullish sentiment, indicating a probability of the financial report meeting or exceeding expectations.
### Analyst Ratings and Target Price Forecast
**Analyst Ratings:**
- **2 recommend, 2 buy, 10 hold, 1 underperform, 2 sell**
**Target Price:**
- **Mean:** $8.42857
- **Low:** $4.0
- **High:** $12.0
**Valuation Status:**
- **Current Price (2024-07-27):** $7.425
- **Mean Target Price:** $8.42857
**Analysis:**
- The stock is currently undervalued compared to the mean target price.
- The mixed analyst ratings suggest cautious optimism, with a potential for upward movement if the company meets or exceeds earnings expectations.
### Comprehensive Conclusion
SoFi Technologies Inc. (SOFI) is showing significant improvements in its financial metrics, with positive changes in EPS, revenue, and EBIT. The stock has experienced a decline over the past quarter but is currently trading near its support level. Mixed sentiment from options trading and analyst ratings suggests cautious optimism. The company is undervalued compared to the mean target price, indicating potential for upward movement if the upcoming financial report meets or exceeds expectations.
**Disclaimer:** The above content is generated by the AI robot TigerGPT and does not represent any personal views. The content is for reference only and does not constitute any investment advice.
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