It's almost impossible for a company to grow its earnings without growing its revenue for long periods. This estimate has changed +6.1% over the last 30 days.ġ2-month consensus EPS estimate for SOFI _12MonthEPSChartUrlĮven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. The consensus earnings estimate of -$0.19 for the current fiscal year indicates a year-over-year change of +52.5%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.7%. is expected to post a loss of $0.07 per share for the current quarter, representing a year-over-year change of +41.7%. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. And if earnings estimates go up for a company, the fair value for its stock goes up. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. Now the key question is: Where could the stock be headed in the near term?Īlthough media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. belongs, has gained 2.3% over this period. The Zacks Technology Services industry, to which SoFi Technologies, Inc. Shares of this company have returned -6.4% over the past month versus the Zacks S&P 500 composite's -0.4% change. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. (SOFI) is one of the stocks most watched by visitors lately.
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