On July 27, SoFi Technologies Inc. rose 5.23% in regular trading, trading at $17.445/share, with turnover of $117 million. The stock gained momentum as the company is scheduled to report its latest quarterly earnings before market open on July 29.

Market consensus expects SoFi Technologies Inc. to deliver revenue of $1.121 billion for the quarter, representing a 30.57% year-over-year increase. Adjusted earnings per share are projected at $0.11, reflecting an 82.45% YoY gain, while EBIT is estimated at $185 million, up 84.99% YoY. Institutional sentiment remains positive, supported by the company's strong prior-quarter performance which saw revenue grow 41% YoY and net income surge 134% to $167 million. Additionally, CEO Anthony Noto's recent secondary market purchase at a price approximately 45% below the 52-week high of $32.73 has reinforced confidence in management's long-term outlook for the company.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)