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Here is What to Know Beyond Why SoFi Technologies, Inc. (SOFI) is a Trending Stock

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Here is What to Know Beyond Why SoFi Technologies, Inc. (SOFI) is a Trending Stock
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SoFi Technologies, Inc. (SOFI) has been making headlines on Zacks.com as one of the most searched stocks, but recent performance has been weak. Over the past month, shares fell 16.7%, compared with a -2.2% move for the Zacks S&P 500 composite, while the Zacks Financial – Miscellaneous Services industry dropped 8.6%. Zacks points to earnings estimate revisions as a key driver of near-term direction. For the current quarter, SOFI is expected to earn $0.04 per share, up 100% year over year. The Zacks Consensus held steady over 30 days; the current fiscal-year estimate is $0.12 (+133.3%).

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