Reported 14 days ago
SoFi, the financial services company, is set to release its Q3 earnings on October 28, after experiencing a significant stock rally of over 167% in the past six months. The company’s strategic pivot towards a lower-risk, fee-based business model, along with a surge in new members and product adoption, positions it for continued growth. Analysts expect SoFi to report a strong EPS of $0.08, up 60% year-over-year, driven by robust performance in its lending and tech platform segments. While there are cautious sentiments ahead of the earnings report, the favorable interest rate environment and the demand in student and home lending suggest positive momentum may continue.
Source: YAHOO