SoFi Technologies Inc. reported a robust first quarter in 2024, marking its second consecutive quarter of GAAP profitability with a net income of $88 million and revenue of $645 million, which surpassed expectations of $567 million. The company's earnings per share (EPS) stood at $0.02, beating the forecasted $0.01. SoFi also reported significant growth in its membership base, which increased by 44% year-over-year to 8.1 million members, and total deposits grew by 16% to $21.6 billion. Despite these strong results, SoFi's stock price fell by 3.6% in pre-market trading. The company has raised its fiscal year 2024 guidance, now expecting adjusted net revenue to be between $2.39 billion and $2.43 billion. CEO Anthony Noto highlighted the quarter as an exceptionally strong start to 2024, with a Q1 EBITDA of $144 million.
SoFi Stock Is Falling Again. Wall Street Is Worried. https://t.co/h8GadA8vIa
SoFi Technologies $SOFI has dropped over 15% following their Q1 earnings, and 9 analysts have weighed in since... Their Price Targets range from 'SELL' with a downside of -40%, to 'BUY' with an upside of +77% - which side do you agree with?? https://t.co/ZX27esxvE5
$SOFI is down around 15% in 48 hours, but sentiment is still bullish 👀 Are you buying the dip? https://t.co/XgXji6TRAY
$SOFI extra -15% drop from yesterday's drop LOL That said, while most "investors" probably underwater on their current position the risk/reward starts looking appealing at $6.7 (could be a solid swing trade to $7.5-8 over next few months) https://t.co/lp7RhdpBTI
SoFi: Mr Market knows better and smells something funny 👇 Why people want to own $15 bn of unsecured loans, amidst rising DQs, and levered with deposits is mindboggling to me… There are many other great businesses in the world This stock is about to break 2023 lows A real… https://t.co/aBqPIcl7s6
$SOFI POS. I mistimed this one. https://t.co/jdaSgn0m8b
Analyst updates SoFi stock outlook after earnings https://t.co/7wWJuUnNyV
$SOFI: right back to the uptrend line. Can it hold? https://t.co/LyMhyJ9e27
SoFi Technologies Q1 Earnings: - $88 million in net income vs ($34 million) last year - Total Deposits reached $21.6B, up 16% - Reached 8.1 million members, +44% $SOFI down 10% today https://t.co/4U7FBwI4je
SO here is my basic problem with $SOFI. They present financials with #EBITDA likes this matters? Hello. SOFI is a finance co with a bank charter, among highest overhead expense in the industry. Ranked 61st on the WGA Bank Top 100, 103rd on efficiency... https://t.co/Y5Qq5nJvrA
$SOFI Q1 earnings, call transcript, and AI summary of call transcript...Only on Earnings Hub! https://t.co/4WEVxNn5Me
$SOFI ‘s Q1 Income Statement visualized https://t.co/kqk46pDeo4
Anthony Noto, SoFi CEO, discusses the company’s quarterly earnings results. https://t.co/hjIsCAP3dn https://t.co/e8jIWZSL1q
$SOFI falls as disappointing Q2 outlook overshadows a profitable Q1. CEO Anthony Noto joins to talk about the results: https://t.co/NtcxfUmKNv
$SOFI SoFi Q1 FY24: • Members +44% to 8.1M. • Products +38% to 11.8M. • Deposits +$16% Q/Q to $21.6B. • Revenue +37% Y/Y to $645M ($21M beat). • Adj. EBITDA $144M (25% margin, +8pp Y/Y). • GAAP EPS $0.02 ($0.01 beat). FY24 Adj. EBITDA Outlook ~$585M (+$10M). https://t.co/ay1g4kZPpV
$SOFI Unbelievable.
SoFi Technologies $SOFI is down +4% after reporting stronger-than-expected Q1 earnings and revenue. They also increased their 2024 outlook, now anticipating adj. net revenue of $2.39-$2.43B. #stocks #stockmarket https://t.co/OjkS2CbiDr
$SOFI two month basing action around 7-8. Looks like more chop between until further notice. I think name will eventually have it’s $HOOD moment and get to $10. Eventually…
$SOFI reported earnings this morning posting numbers of GAAP EPS of $0.02 beating expectations of $0.01 Revenue of $580.7M beating expectations of $560M https://t.co/hoyav0uFmo
I think this market is broken... $SOFI crushed earnings all around: ▪ Revenue $645M v. $567M EST ▪ Net Income of $88M v. $10-20M EST ▪ Total members 8.1M, +44% y/y ▪ Total Deposits $21.6B, +16% y/y And the stock is DOWN 3.6% pre-market. Keep in mind it's only up around… https://t.co/KgEq8FWRlO
SoFi $SOFI rises as company hikes 2024 EBITDA guidance after Q1 beat https://t.co/SYg4PYn8qn https://t.co/86C02eKzfs
I will never understand the obsession around $SOFI So many on this platform hold it as a large % of their portfolio which is odd OK company, solid fundamentals, awful stock and investment It’s a retail stock. Until institutional holdings make up 60-70% (currently 39%) it… https://t.co/PQTaaWLnam
$SOFI (-4.1% pre) SoFi Technologies Reports Q1 2024 Net Revenue of $645 Million and Net Income of $88 Million, Marking Second Consecutive Quarter of GAAP Profitability - BW https://t.co/7RA1cFcB3h
Sofi Technologies double beat. CEO: "Our first quarter was an exceptionally strong start to 2024..." $SOFI: +2.3% Pre-Market https://t.co/02erkLxx7l
$SOFI earnings look good today. Can we see $8.50-$9.00?
$SOFI SoFi Technologies posted its second straight quarter of profitability, topped revenue estimates, and boosted its fiscal year guidance on Monday. https://t.co/H8vW92RzTX
SoFi Reports Another Profitable Quarter, Says ‘2024 Remains a Transitional Year’ https://t.co/xAn4ic1GSM
$SOFI Q1 earnings 🚨breaking news 🚨 Q1 Revenue 645 million Beat ✅ Expectations were 550-560 million Q1 Net income +85 million Beat ✅ Expectations were +10 to +20 million Q1 EBITDA +144 million Beat ✅ Expectations were +110 to +120 million Q1 Members added +622,000 🔥… https://t.co/5HWMSvzf3X
$SOFI Earnings Monday morning Can we see it trading back over 10 after earnings report Long $SOFI as an investment trimming earnings spike around my core position and buying dips after ER pullback has been working so far last few earnings
SoFi reports on Monday SoFi *should* share that delinquencies have gone up significantly higher - like all other unsecured lenders are reporting I expect, instead, that management will sell rainbow and ice cream and attempt to pump the stock on earnings Then after earnings we… https://t.co/U5PMLqkqKS