{"id":48474,"date":"2024-04-26T12:43:25","date_gmt":"2024-04-26T12:43:25","guid":{"rendered":"https:\/?p=48474"},"modified":"2024-04-26T12:43:25","modified_gmt":"2024-04-26T12:43:25","slug":"sofi-q1-earnings-preview-analysts-project-revenue-growth","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/sofi-q1-earnings-preview-analysts-project-revenue-growth\/","title":{"rendered":"SoFi Q1 Earnings Preview: Analysts Project Revenue Growth"},"content":{"rendered":"<p><span style=\"font-weight: 400;\"><strong><a href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NSD\/SOFI\">SoFi Technologies (SOFI: NSD)<\/a><\/strong> is set to report its first-quarter financial results on Monday, April 29th. Analysts are looking for the fintech company to deliver positive earnings per share (EPS) for the first time, marking a significant milestone.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">Expected SoFi\u2019s Q1 Earning Report:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Analysts project SoFi&#8217;s revenue to reach $553.81 million in Q1, representing a year-over-year increase of over 17%. While this is positive news, it signifies a moderation in revenue growth compared to previous quarters. It&#8217;s worth noting that this estimate falls within the company&#8217;s guidance range of $550 million to $560 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The major takeaway for investors might be SoFi&#8217;s anticipated shift to positive EPS in Q1. This comes after a loss of $0.05 per share in the same quarter last year. Analysts attribute this improvement to SoFi&#8217;s success in attracting high-quality deposits. This growth is expected to translate into lower funding costs and ultimately bolster SoFi&#8217;s profitability.<\/span><\/p>\n<p><!-- STA Widget BEGIN --><\/p>\n<div>\n<div class=\"sta-analyst-rating-widget-display\">\n<p><a style=\"text-decoration: none; color: #4b6db5 !important;\" href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NSD\/SOFI\" target=\"_blank\" rel=\"noopener\">SOFI Ratings<\/a> by Stock Target Advisor<\/p>\n<\/div>\n<p><script class=\"analyst-rating\" type=\"text\/javascript\" src=\"https:\/\/www.stocktargetadvisor.com\/assets\/js\/analyst_rating_widget.js\" data-symbol=\"SOFI\" data-theme=\"wt_bg_trans\" data-uid=\"1979910548662b9ecd0c831662b9ecd0c832\" data-width=\"700\" >\n\t\t<\/script><\/p>\n<\/div>\n<h2><strong>Stock Target Advisor\u2019s Analysis on SoFi:<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Stock Target Advisor&#8217;s gives SoFi\u2019s stock to \u201cHold\u201d rating with a target price is $8.57 and the projected price change in 12 months by Stock Target Advisor is 12.93%. Stock Target Advisor analysis of SoFi Technologies Inc. is Slightly Bearish, which is based on 3 positive signals and 6 negative signals.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently, 12 analysts covering SoFi Technologies and provide the average target price is USD 9.00 over the next 12 months. The last closing price of SoFi Technologies stock price was USD 7.59.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SoFi Technologies (SOFI: NSD) is set to report its first-quarter financial results on Monday, April 29th. Analysts are looking for the fintech company to deliver&#8230;<\/p>\n","protected":false},"author":17,"featured_media":40798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-48474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v21.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SoFi Q1 Earnings Preview: Analysts Project Revenue Growth<\/title>\n<meta name=\"description\" content=\"SoFi eyes 1st profitable quarter. Analysts project $554M revenue (+17% YoY) &amp; positive EPS. 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