My take on Wednesday Earnings
$SoFi Technologies (SOFI.US)$
Earnings are hard to predict. Especially for companies that just became public. Analysts miss all the time.
Pros
1. Galileo deferred payment while moving to cloud last Q2. They should get that payment this quarter.
2. Other lending companies beat and raised guidance.
3. A lot of things started to ramp up in Q3. For example the stadium.
4. Galileo got a ton of new clients.
5. No warrant liability in the future
Cons
1. Sofi probably spent a lot on advertising.
2. We missed the last earnings. (This is what everyone's afraid of, because of 1 earnings when sofi just became
public)
3. Square missed I believe as a payment processor.
Bottom line.
Even if Sofi does miss Q3 with a lot of catalysts on the way, it could be a chance to load more.
Earnings are hard to predict. Especially for companies that just became public. Analysts miss all the time.
Pros
1. Galileo deferred payment while moving to cloud last Q2. They should get that payment this quarter.
2. Other lending companies beat and raised guidance.
3. A lot of things started to ramp up in Q3. For example the stadium.
4. Galileo got a ton of new clients.
5. No warrant liability in the future
Cons
1. Sofi probably spent a lot on advertising.
2. We missed the last earnings. (This is what everyone's afraid of, because of 1 earnings when sofi just became
public)
3. Square missed I believe as a payment processor.
Bottom line.
Even if Sofi does miss Q3 with a lot of catalysts on the way, it could be a chance to load more.
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7541283 : Generally, before financial reports, there will be a correction