#Sofi yahoo finance plus
In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 49% of the 250 plus Zacks industries. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Shares have lost about 59.8% since the beginning of the year versus the S&P 500's decline of -13.6%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The company has topped consensus revenue estimates four times over the last four quarters.
This compares to year-ago revenues of $231.27 million.
, which belongs to the Zacks Technology Services industry, posted revenues of $362.53 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 4.66%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. These figures are adjusted for non-recurring items.Ī quarter ago, it was expected that this company would post a loss of $0.14 per share when it actually produced a loss of $0.14, delivering no surprise. This compares to loss of $0.48 per share a year ago. (SOFI) came out with a quarterly loss of $0.12 per share in line with the Zacks Consensus Estimate.
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