$SoFi Technologies Inc.(SOFI)$
I'm really excited to see SoFi's strong performance highlighted in this update, especially since I currently hold the stock and remain long-term bullish. The stunning beat last quarter, with revenues of $854.9 million up 42.8% year on year and active customers growing to 11.75 million, up 33.9%, shows the company's impressive momentum. Knowing they exceeded expectations by 5.7% last time gives me confidence as we head into the next earnings report.
Looking at the projections for this quarter, I'm optimistic about the anticipated 29.7% revenue growth to $904.4 million, aligning with last year's 29.8% increase. The expected adjusted earnings of $0.08 per share also seem promising, especially given SoFi's track record. As a long-term holder, I see this as a continuation of their upward trajectory, and I'm hopeful it could lead to another strong performance. I'm curious to see if they'll surpass these estimates again.
When it comes to deciding whether SoFi is a buy or sell going into earnings, I lean toward holding my position. My long-term bullish outlook is based on the company's growing customer base and consistent revenue growth. While there's always some risk with earnings reports, I feel the fundamentals support staying invested. I might consider adding to my holdings if the results are particularly strong, but for now, I'm comfortable maintaining my current stance.
I also believe SoFi has the potential to set a new all-time high with these earnings. The combination of robust customer growth and revenue increases suggests they're gaining traction in the market. As someone who's been bullish on their long-term prospects, I think this could be a defining moment. I'll be watching the earnings release closely, but I'm excited about the possibility of seeing my investment pay off further.
Overall, I'm feeling positive about SoFi's future and my decision to hold. The data points to a company that's expanding steadily, and I'm eager to see how this quarter's results play out.
As a retail investor, I focus mainly on the US and Singapore markets, combining a mix of technical trading and long-term investing strategies. I enjoy analyzing charts, spotting patterns, and making calculated moves based on both market sentiment and fundamentals. While I'm not a professional, I treat my portfolio seriously and continue to learn and grow with each trade. If you're also navigating the markets and enjoy discussing stocks, options, or market trends, feel free to follow me. Let's learn and grow together as a community.
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- Valerie Archibald·11-01TOPDon't forget Quantumscape QS is about to make it to $25 quickly. SOFI to $501Report
- Merle Ted·11-01TOPThere are heavy headwinds every day and it continues to hold and rise. Everything is right for this stock to march, not soar, higher.1Report
- MR_Wu·10-28TOPIt's great to see your enthusiasm for SoFi1Report
