First-quarter revenue is forecast at $1.93 billion, down 8.5% sequentially and by 1.0% year over year. Adjusted EPS are forecast at $1.08, down 17.8% sequentially and 11.5% lower year over year. For the full 2023 fiscal year, analysts have estimated EPS of $4.41, down 17.2%, on sales of $7.9 billion, down 5.1%.
The stock trades at a multiple of 16.3 times expected 2023 EPS, 14.0 times estimated 2024 earnings of $5.14 and 11.9 times estimated 2025 earnings of $6.02 per share. The stock’s 52-week range is $44.76 to $87.55. The chipmaker does not pay a dividend, and total shareholder return over the past year was 40.09%.
SoFi Technologies
Decentralized financial services firm SoFi Technologies Inc. (NASDAQ: SOFI) has posted a share price drop of almost 10% over the past 12 months. The good news for investors is that the stock has added 23% since the beginning of 2023.
SoFi filed suit against the U.S. Department of Education, seeking an end to the pause on student loan repayments that was initiated during the pandemic. The company’s core business was refinancing student loans at a lower interest rate for borrowers who met its guidelines. No one is refinancing student loans now because repayments would begin immediately on the new loan.
Of 15 analysts covering the stock, nine have a Buy or Strong Buy rating and the other six have Hold ratings. At a share price of around $5.70, the upside potential based on a median price target of $8.00 is 40.3%. At the high target of $14.00, the upside potential is about 145%.
Analysts expect the company to report first-quarter revenue of $437.4 million, down 1.4% sequentially but up 36.0% year over year. Sofi is expected to post a loss per share of $0.08, double the prior quarter’s loss, but better than the year-ago quarterly loss of $0.11. For the 2023 fiscal year, analysts expect an adjusted loss of $0.23 per share, compared with a loss per share of $0.33 last year. Revenue for the year is pegged at $1.95 billion, up 27.5%.
SoFi is not expected to post a profit in 2023 or 2024. Based on estimated 2025 EPS of $0.18, the stock trades at a multiple of 31.4 times that estimate. The stock’s 52-week range is $4.24 to $8.52, and SoFi does not pay a dividend. Total shareholder return for the past year is negative 7.47%.
Originally published at 24/7 Wall St.
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