IB Net Payout Yields Model

SoFi: Leading In A Crisis

Update - May 1, 2023

SoFi reported a great quarter. The market is extrapolating too much on full year guidance. The fintech beat Q1'23 EBITDA targets by over $30 million. An investor shouldn't sell just b/c the company provided conservative guidance for the full-year by just hiking guidance for 2023 by $8 million. 

  • SoFi Technologies (NASDAQ:SOFI) stock dropped 9.1% in Monday midday trading after the fintech bank issued full-year guidance indicating some metrics could trail Wall Street expectations.
  • The company, known for refinancing student loans, now expects 2023 adjusted net revenue of $1.955B-$2.02B vs. $1.97B consensus
  • The company also increased its outlook for adjusted EBITDA to $268M-$288M, up from its prior guidance of $260M-$280M, and bracketing the Visible Alpha consensus of $271.3M.

Original article published on Mar. 28

  • SoFi launched a $2 million solution to the FDIC insurance limits in a move to garner more deposits during this banking crisis.
  • The digital bank affirmed Q1'23 deposits should already match the $2+ billion levels of the prior 2 quarters.
  • The fintech stock remains incredibly cheap at 11x '24 adjusted EBITDA talks.

One of the best times for a company to take market share is during a crisis. SoFi Technologies (NASDAQ:SOFI) is making this move with a plan to internally boost FDIC insurance for customer accounts in

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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