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Earnings Previews: AMC, Nio, Nordstrom, Salesforce, SoFi

Of 49 analysts covering the stock, 42 have a Buy or Strong Buy rating. The other seven rate the shares at Hold. At a share price of around $208.10, the upside potential based on a median price target of $315 is 51.3%. At the high price target of $385, the upside potential is 85%.

The consensus revenue estimate for the fourth quarter is $7.24 billion, up 5.5% sequentially and 24.4% year over year. Adjusted EPS are forecast at $0.75, down 41% sequentially and down almost 28% year over year. For the full 2022 fiscal year that ended in January, current estimates call for EPS of $4.69, down 4.8%, on sales of $26.40 billion, up 24.2%.

Salesforce stock trades at 44.7 times expected 2022 EPS, 44.0 times estimated 2023 earnings of $4.75 and 37 times estimated 2024 earnings of $5.65 per share. The stock’s 52-week range is $184.44 to $311.75. The company does not pay a dividend. Total shareholder return for the past year is negative 3.7%.

SoFi

Decentralized financial services firm SoFi Technologies Inc. (NASDAQ: SOFI) has posted a share price drop of around 40% over the past 12 months. Even receiving its federal banking charter earlier this month only slowed the decline briefly. The company is spending piles of cash on marketing and just announced a $1.1 billion, all-stock acquisition of cloud-based banking platform Technisys. The company’s outlook is going to have to nail down some growth targets if SoFi expects to keep investors happy.

Of 13 analysts covering the stock, 10 give the shares a Buy (nine) or Strong Buy (one) rating. The other three have a Hold rating. At a share price of around $10.80, the upside potential based on a median price target of $19.00 is about 76%. At the high target of $22, the upside potential is almost 104%.

Analysts expect the company to report fourth-quarter revenue of $279.47, up 0.8% sequentially, and a loss per share of $0.12. For the 2021 fiscal year, analysts expect an adjusted loss of $1.34 per share on sales of $1.0 billion. Comparison data is not available.

SoFi is not expected to post a profit in 2021, 2022 or 2023. The enterprise value-to-sales multiple is expected to be 8.4 in 2021. Based on estimated earnings for 2022 and 2023, the multiples are 5.8 and 4.1, respectively. The stock’s 52-week range is $8.82 to $24.95, and SoFi does not pay a dividend. Total shareholder return for the past year is negative 41.5%.

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