SoFi Sees FY24 Revenue Of $2.535B-$2.550B (Prior $2.425B-$2.465B) Vs $2.45B Estimate
Portfolio Pulse from Benzinga Newsdesk
SoFi has raised its FY24 revenue guidance to $2.535B-$2.550B, up from the previous $2.425B-$2.465B, indicating a 22-23% growth. Adjusted EBITDA is expected to be $640-$645M, with a 25% margin. GAAP net income is projected at $204-$206M, and EPS at $0.11-$0.12. The company anticipates adding 2.3M new members in 2024.
October 29, 2024 | 11:09 am
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SoFi has increased its FY24 revenue guidance to $2.535B-$2.550B, indicating stronger growth expectations. Adjusted EBITDA and GAAP net income projections have also been raised, suggesting improved financial performance.
The increase in revenue guidance and improved financial metrics such as adjusted EBITDA and GAAP net income suggest a positive outlook for SoFi. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100