SoFi Technologies, Inc. (SOFI) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.02 per share a year ago.
SoFi Technologies Inc (NASDAQ: SOFI) is close to 15% in premarket on Monday even though the bank reported market-beating financial results for its fourth financial quarter. Investors are primarily responding to the company's earnings guidance that fell a bit short of experts' forecast.
SoFi posted a mixed outlook on Monday, sending the stock sinking in early trading.
The fintech posts quarterly earnings and revenue that beat analysts' estimates.
It's a matchup between two innovative and high-growth financial technology (fintech) giants. In one corner, SoFi Technologies (SOFI -0.61%) has emerged as a prominent U.S. financial services player enjoying strong demand for its online-based suite of solutions.
SoFi Technologies (SOFI) is up over 130% year-over-year, and according to George Tsilis, the company's earnings report on Monday will prove whether it can hold that trend. He notes SoFi's ability to monetize loan growth quickly, but overall sales will prove the direction of the stock price.
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Cathie Wood's ARK Invest offers several popular exchange-traded funds (ETFs), and they tend to be rather concentrated, with all of them holding three dozen or fewer stocks. And one stock that Wood seems to have a lot of faith in is SoFi Technologies (SOFI -0.61%).
Despite shares falling -0.61% on Friday, SoFi Technologies (NASDAQ: SOFI) had a strong week, gaining 9.40% by Friday's close.
SoFi Technologies Inc SOFI will be reporting its fourth-quarter earnings on Monday. Wall Street expects four cents in EPS and $674.13 million in revenues as the company reports before market hours.
SOFI's fourth-quarter 2024 earnings and revenues are likely to increase year over year.
SOFI is likely to witness a year-over-year increase in earnings and revenues in the fourth quarter of 2024.