SoFi Technologies reported its first quarterly profit, with revenues of $572 million. The stock soared by 20.21% to $9.16, and analysts revealed new price targets. The company's CEO, Anthony Noto, discussed the path forward on profit. The weighted average default rate on consumer loans was almost 5%, and net charge-offs at $COF were 5.35%. SoFi's Q4 FY23 showed a 35% year-over-year revenue increase to $615 million, with an adjusted EBITDA of $181 million. The company's non-GAAP EPS was -$0.02, missing estimates. The outlook for FY24 adjusted EBITDA is around $585 million. The stock rallied 25% in a single session, nearing a $10 target. Despite strong Q4 results, guidance was weak, but the stock still rose by 12%. Investors are optimistic about the company's performance, with some planning to sell covered calls if the stock reaches $9.5-$10.
Everyone loves $SOFI No one loves $LC $SOFI 4x sales, ~2.4x tangible book $LC 0.73x sales, 0.78x tangible book History of beats and positive GAAP net income Good $SOFI quarter should hopefully translate to good $LC quarter. ER AH today.
SoFi Earnings Have Wall Street Talking. Here’s What Bears and Bulls Are Saying. https://t.co/L3zjWYepFP
Analysts reveal new price targets for Google ahead Q4 earnings report https://t.co/RF1jJ0iBcS
SoFi stock analyst unveils new price target after earnings https://t.co/syQrFwlQLI
$SOFI finishes up 20.21% to $9.16 #stocks #trading #stockmarket
SoFi soars after first-ever profit beats estimates https://t.co/jjU6XKTM5L https://t.co/PfYcqihb4b
SoFi Crushes Earnings! - The Rebel's Edge https://t.co/rxrNND3DJd
SoFi Stock Soars After Company Hits Major Milestone https://t.co/L6kxge5nh9 $SOFI
$SOFI CEO @anthonynoto explains the path forward on profit https://t.co/0cOgS5VNxn
$SOFI: Weighted average default rate on consumer loans almost 5%. Net charge-offs at $COF 5.35%....
$SOFI EBITDA just about doubled in Q4....
$sofi 10 dollar target almost attained. Up 25% on one session. Pinned tweet. https://t.co/hCH7eTBpXN
$SOFI SoFi Q4 FY23: • Members +44% to 7.5M. • Products +41% to 11.1M. • Deposits +$18% Q/Q to $18.6B. • Revenue +35% Y/Y to $615M ($23M beat). • Adj. EBITDA $181M (30% margin, +15pp Y/Y). • Non-GAAP EPS -$0.02 ($0.02 miss). FY24 Adj. EBITDA Outlook ~$585M. https://t.co/eKg7R2Ka8d
$SOFI bulls watching the stock rip after posting their first ever quarterly profits https://t.co/wVaO7zDsy1
$SOFI looking great today Plan to sell covered calls on this for 3-4 weeks out if we see $9.5-$10 coming soon https://t.co/5KXB9v0w1m
$SOFI Great earnings today. Back to 9 almost. Was all you can eat at 7.50’s (again). https://t.co/aXyQyo3RMr
SoFi posts first-ever profit with earnings that top estimates https://t.co/OodaoAi4ta via @business
$SOFI. Monster 👿 open. 15% pre market. https://t.co/WiZdmySeDo
$SOFI strong Q4, but guidance was weak, still the stock goes up 12% - most earnings are lotto
SoFi Technologies reaches profitability for the first time, taking the fintech one step closer to its CEO's goal of turning the former anti-bank into a top 10 financial institution https://t.co/v8CN5nEF4N
SoFi’s stock rockets as earnings blow past expectations on surging loan volumes https://t.co/wjREMhu9Br
Tremendous rally in OrderFlow stock SOFI. Up 10% pre market. Given at 7.
$SOFI SoFi Stock: All Eyes on Earnings Today — Here’s What J.P. Morgan Expects https://t.co/OGVK9jjsuu
SoFi Earnings Are Monday. Investors Are Hoping for First Quarterly Profit. $572M in revenues https://t.co/15usozFP1H
SoFi Earnings Are Monday. Investors Are Hoping for Its First Quarterly Profit. https://t.co/xVJrPSgUZs