Of 13 analysts covering Sofi stock, eight have a Buy or Strong Buy rating and the other five have Hold ratings. At a share price of around $540, the upside potential based on a median price target of $8.00 is nearly 50%. At the high target of $15.00, the upside potential is about 180%.
Analysts expect the company to report third-quarter revenue of $391.78 million, up 10.0% sequentially and 42.3% higher year over year. Sofi is expected to post a loss per share of $0.07, better than the prior quarter’s loss of $0.11 per share and the year-ago quarterly loss of $0.12. For the 2022 fiscal year, analysts expect an adjusted loss of $0.32, compared with a loss per share of $0.66 last year. Revenue for the year is currently pegged at $1.5 billion, up 48.4%.
SoFi is not expected to post a profit in 2022, 2023 or 2024. The stock’s 52-week trading range is $4.77 to $24.65, and SoFi does not pay a dividend. Total shareholder return for the past year is negative 72.2%.
Uber
Over the past year, shares of Uber Technologies Inc. (NYSE: UBER) have declined by almost 38%. Since posting a 52-week low on June 30, the stock has added about 36%. the company is set to report quarterly earnings before markets open on Tuesday.
The company has just rolled out a global ad unit that expects to add $1 billion in revenue within two years by displaying promotional ads in its cars and on its app. Uber’s major overhang is a U.S. Labor Department proposed rule that would force the company to classify drivers as employees, not contractors. That would cause labor costs to soar for Uber, Lyft and DoorDash, to name a few.
Analysts remain solidly bullish on Uber. Of 46 brokerages covering the stock, 41 have a Buy or Strong Buy rating and five more rate the shares at Hold. At a share price of around $27.80, the potential upside based on a median price target of $43.50 is 56.5%. At the high target of $75.00, the upside potential is 170%.
The consensus revenue estimate for the third quarter is $8.13 billion, up 0.7% sequentially and by 68.0% year over year. Uber is expected to post EPS of $0.06 in the quarter, compared with the prior quarter’s per-share loss of $0.03 and last year’s loss per share of $0.07. For the full 2022 fiscal year, analysts expect a loss per share of $3.62 compared with last year’s EPS of $0.33 on revenue of $31.31 billion, up nearly 80%.
Uber’s stock trades at about 35.3 times estimated 2023 earnings of $0.79 and 20.6 times estimated 2024 earnings of $1.35 per share. The stock’s 52-week range is $19.89 to $48.74. Uber does not pay a dividend. Total shareholder return for the past 12 months is negative 37.8%.
Originally published at 24/7 Wall St.
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