2024-04-26 15:45:03 ET
Summary
- In this article, I'm previewing SoFi Technologies, Inc.'s upcoming earnings and calculating its potential GAAP EPS figure for Q1.
- The company has experienced impressive growth in Q4 2023, with a significant increase in income from loans and securitization.
- SoFi's growing customer base and expanding technological offerings contribute to its revenue acceleration and projected profitability.
- My calculations say we may be looking at GAAP EPS of ~$1.9 (or $0.2 rounded) for Q1 - nearly double the consensus estimate.
- Given the sizable number of shares sold short, the potential earnings beat I'm looking forward to provides a prime opportunity for substantial stock growth within hours of the report's release.
What to expect from SoFi Technologies' Q1 Earnings
I initiated coverage of SoFi Technologies, Inc. ( SOFI ) in February of this year , but since then, the stock has significantly underperformed the broader market - in fact, the selloff looks pretty sharp:
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For further details see:
SoFi Technologies Q1 Earnings Preview: Why The Stock Is A Buy