After more than doubling in 2023, SoFi (SOFI) stock has looked weak this year, and is down 20.9% YTD. The fintech company will release its Q1 earnings before the bell on Monday, April 29. Can the report help reverse the slide in SoFi stock? We'll discuss in this article, beginning with a look at Q1 earnings estimates.
Wall Street analysts expect SoFi to post revenues of $558.7 million in Q1 – a YoY rise of 21.4%. These estimates are towards the upper end of SoFi’s guidance of $550 million-$560 million. It is expected to post a net income of $19 million, which again is towards the upper end of its guidance of $10 million to $20 million.
