SoFi Technologies Inc SOFI.OQ reported quarterly adjusted earnings of 8 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 1 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from 5 cents to 8 cents per share.
Revenue rose 43.8% to $858.23 million from a year ago; analysts expected $803.11 million.
SoFi Technologies Inc's reported EPS for the quarter was 8 cents.
The company reported quarterly net income of $97.61 million.
SoFi Technologies Inc shares had risen by 15.4% this quarter and gained 36.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 8% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 10 "hold" and 4 "sell" or "strong sell." The average consensus recommendation for the consumer lending peer group is "buy."
Wall Street's median 12-month price target for SoFi Technologies Inc is $17.00, about 23.6% below its last closing price of $21.02
This summary was machine generated from LSEG data July 29 at 01:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)