Is SoFi's Guidance for 2022 Really That Strong?
Shares of SoFi (NASDAQ: SOFI) have been volatile since recently reporting fourth-quarter earnings for 2021. The stock soared some 18% in after-hours trading immediately following the earnings report but then gave up those gains on some mixed reviews from analysts and some market volatility due to the turmoil amid Russia's invasion of Ukraine.
While I thought SoFi had a strong quarter, I've been back and forth on the forward guidance SoFi provided. On one hand, it's higher than analysts had initially been forecasting, but it's also lumpy and there are a lot of new things happening at SoFi. Is SoFi's outlook for 2022 really that strong? Let's take a look.
SoFi finished 2021 strong with adjusted net revenue; adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA); and EBITDA margins all at the high end of management's prior projections for the year. Here is the guidance management gave for the first quarter of this year and for the full year of 2022.
Source Fool.com
