The latest trading session ended with SoFi Technologies, Inc. (SOFI) at $15.40, marking a -1.47% shift from the previous trading day’s closing price. The change lagged the S&P 500’s daily loss of 0.43%. At the same time, the Dow lost 0.07% and the tech-heavy Nasdaq lost 0.9%.

The company’s shares have fallen 1.76% over the past month, outpacing the Financials sector’s loss of 5.69% and the S&P 500’s loss of 1.98%.

The investor community will be closely watching SoFi Technologies, Inc.’s earnings performance in its upcoming earnings release. On that day, SoFi Technologies, Inc. is expected to report earnings of $0.04 per share, which would represent year-over-year growth of 100%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $663.04 million, up 11.58% from the year-ago period.

For the full fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.12 per share and revenue of $2.52 billion, representing changes of +133.33% and +21.43%, respectively, from the fiscal year corresponds to the previous year.

Any recent changes to analyst estimates for SoFi Technologies, Inc. should also be noted by investors. Recent revisions typically reflect the latest short-term business trends. Therefore, positive estimate revisions convey analysts’ confidence in the company’s business performance and earnings potential.

Empirical research suggests that these estimate revisions are directly related to upcoming stock performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% generated. Over the past 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, SoFi Technologies, Inc. has a Zacks Rank of #2 (Buy).

Looking at valuation, SoFi Technologies, Inc. is currently trading at a Forward P/E ratio of 131.99. This suggests a premium compared to the industry’s Forward P/E ratio of 12.1.

We should also mention that SOFI has a PEG ratio of 2.6. Similar to the widely accepted P/E ratio, the PEG ratio also takes into account the company’s forecast earnings growth. Financial Sector Stocks – Various Services have an average PEG ratio of 0.99 based on yesterday’s closing prices.

The “Financial Services – Other Services” industry is part of the financial sector. Its current Zacks Industry Rank of 63 puts this industry in the top 26% of all industries and ranks above 250.

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