Second-quarter revenue is forecast at $2.02 billion, which would be up 3.1% sequentially but down 2.9% year over year. Adjusted EPS are forecast at $1.21, up 1.7% sequentially and 9.7% lower year over year. For the full 2023 fiscal year, analysts have estimated EPS of $4.86, down 8.7%, on sales of $8.13 billion, down 2.3%.
The stock trades at 20.4 times expected 2023 EPS, 18.3 times estimated 2024 earnings of $5.44 and 15.6 times estimated 2025 earnings of $6.38 per share. Its 52-week trading range is $54.93 to $105.35. The chipmaker does not pay a dividend, and total shareholder return over the past year was 70.39%.
SoFi Technologies
Decentralized financial services firm SoFi Technologies Inc. (NASDAQ: SOFI) has posted a share price increase of 55% over the past 12 months, including a jump of 106.5% for the year to date. A good bit of that is the end of the federally mandated pause in student loan payments. SoFi’s primary business before the pandemic was refinancing student loans. Now that student loan repayments are set to begin again for some borrowers, this business could return.
The better news is that SoFi figured out how to make lemonade from the lemons it had been handed. It acquired a chartered bank, allowing the company to branch out into other kinds of financial services, and profitability may be closer than many people think.
Of 18 analysts covering the stock, only six have a Buy or Strong Buy rating, and nine more have Hold ratings. At a share price of around $9.50, the stock has passed its median 12-month price target of $7.50. At the high target of $14.00, the upside potential is about 47.3%.
Analysts expect the company to report first-quarter revenue of $475.78 million, up 3.4% sequentially and by 33.6% year over year. SoFi is expected to post a loss per share of $0.07, worse than the prior quarter’s loss of $0.04 but better than the year-ago quarterly loss of $0.11. For the 2023 fiscal year, analysts expect an adjusted loss of $0.22 per share, compared with a loss per share of $0.33 last year. Revenue for the year is pegged at $2 billion, up 29.6%.
SoFi is not expected to post a profit in 2023 or 2024. Based on estimated 2025 EPS of $0.17, the stock trades at 54.9 times the 2025 estimate. The 52-week trading range is $4.24 to $10.23, and SoFi does not pay a dividend. Total shareholder return for the past year is 55.05%.
Originally published at 24/7 Wall St.
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