SoFi Expects 2024 Adj. Net Revenue $2.39B-$2.43B vs $2.37B Est. (Implied Prior Range $2.365B-$2.405B)
Portfolio Pulse from Benzinga Newsdesk
SoFi has updated its adjusted net revenue expectations for 2024 to $2.39B-$2.43B, slightly above the estimated $2.37B and the previously implied range of $2.365B-$2.405B.
April 29, 2024 | 11:02 am
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SoFi has raised its 2024 adjusted net revenue forecast to a range of $2.39B-$2.43B, exceeding both the analyst estimate of $2.37B and its prior forecast.
Raising revenue forecasts typically signals a company's strong future performance expectations, which can positively influence investor sentiment and potentially drive the stock price up in the short term.
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