From Zacks Investment Research: 2025-04-25 15:24:00

SoFi Technologies, Inc. (SOFI) will report its first-quarter 2024 results on April 29, with estimates of 3 cents in earnings and $742.3 million in revenue. However, the stock may not deliver an earnings beat this time around due to an Earnings ESP of -5.33% and a Zacks Rank of 3. Expect strong segmental growth in Financial Services, Lending, and Technology Platforms. Despite a 20% decline in share price this year, SOFI’s technology platform, Galileo, positions it well to capture more market share from traditional banks like JPMorgan, Bank of America, and Wells Fargo. Consider holding off on buying until after earnings or a potential pullback.



Read more at Zacks Investment Research: SoFi Technologies Stock Before Q1 Earnings: To Buy or Not to Buy? – April 25, 2025