Part 3/9:
The stock's current forward price-to-earnings (P/E) ratio sits at quite an elevated 76.7, which raises valid concerns regarding valuation. Yet, as some analysts point out, this P/E ratio doesn’t represent the company’s actual earnings, particularly in light of Sofi’s historical performance. Analysts predict an optimistic trajectory for the firm: fiscal year 2024 expects sales growth of 23%, followed by sustained growth above 7% in the subsequent years. Notably, expected earnings per share (EPS) growth outpaces these metrics, projecting increases of 97% by fiscal 2025 and around 75% for fiscal 2026, with management estimating a gap EPS of between $0.55 and $0.80 in 2026.