SoFi Technologies Inc. (SOFI) stock surged 8.03% in Tuesday's pre-market trading session, as investors appeared optimistic about the financial technology company's upcoming earnings report.
According to consensus estimates, SoFi is expected to report earnings per share of $0.04 for the quarter ended December 2024, marking a staggering 100% year-over-year growth. Analysts also anticipate the company's revenue to increase by 13.2% compared to the same period a year ago.
Notably, SoFi's earnings estimates have been revised higher over the past month, suggesting that analysts have become more bullish on the company's prospects. The positive sentiment surrounding SoFi's potential earnings beat could be driving the stock's significant upward movement on Tuesday morning.
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