FMP

FMP

Enter

SoFi Technologies Gains 12% on Q4 Beat & Strong Outlook

- (Last modified: Dec 19, 2023 5:49 PM)

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

SoFi Technologies (NASDAQ: SOFI) shares gained more than 12% on Monday after the company reported its Q4 results, with EPS of ($0.05) coming in better than the Street estimate of ($0.09). Revenue was $443.42 million, beating the Street estimate of $425.37 million.

The company expects Q1/23 revenue to be in the range of $430-440 million, compared to the Street estimate of $425.84 million. For fiscal 2023, the company expects revenue in the range of $1.925-2.0 billion (up 25–30% year-over-year), better than the Street estimate of $1.53 billion. Adjusted EBITDA is expected around $260–280 million at a 30% incremental EBITDA margin.

Management expects to reach quarterly GAAP net income profitability by Q4/23, with GAAP net income incremental margins of 20% for 2023.

Other Blogs

May 14, 2024 11:41 AM - Sanzhi Kobzhan

The easiest way to calculate stock’s target price and why the target price is important.

A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...

blog post title

May 16, 2024 8:06 PM - Gordon Thompson

Deutsche Bank Upgrades AST SpaceMobile to Buy Amid Legal Challenges

On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...

blog post title

May 24, 2024 9:30 AM - Rajnish Katharotiya

How to Access and Analyze Earnings Call Transcripts

Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep