dailyloe.com – SoFi Technologies, Inc. (SOFI) is set to announce its first-quarter 2026 earnings on April 29, prior to market opening.
The company has a strong record of earnings surprises, exceeding the Zacks Consensus Estimate in the last four quarters, with an average surprise of 41%.
The Zacks Consensus Estimate for SoFi’s revenues in the upcoming quarter is $1.04 billion, which represents a 34.8% increase compared to the previous year.
Growth in membership and robust product innovation are anticipated to positively influence SoFi’s revenue.
The consensus estimate for earnings per share (EPS) stands at 12 cents, indicating a 100% year-over-year growth.
This growth is expected to be driven by improved operational efficiency within the company.
However, the model used by Zacks does not predict a definitive earnings beat for SoFi this quarter.
A positive Earnings ESP and a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) typically increase the likelihood of an earnings surprise, but this is not the case for SoFi.
Currently, SoFi has an Earnings ESP of -1.53% and a Zacks Rank of 3.
For investors looking for stocks with better earnings potential, Coherent Corp. (COHR) is highlighted, with an Earnings ESP of +3.08% and a Zacks Rank of 2.
Coherent will report its third-quarter fiscal 2026 results on May 6, with a revenue consensus estimate of $1.8 billion, reflecting an 18.8% year-over-year increase.
Verisk Analytics, Inc. (VRSK) is another stock to consider, with an Earnings ESP of +1.85% and a Zacks Rank of 3, also set to report on April 29.
