Latest news with #Nance
Business Insider
4 days ago
- Business
- Business Insider
Will Q2 Earnings Drive SOFI Stock Higher? Here's What Wall Street Thinks
Fintech company and digital bank SoFi Technologies (SOFI) is scheduled to announce its results for the second quarter on July 29. SOFI stock has rallied 40% year-to-date, as the company continues to impress investors with its solid financials, supported by an expanding member base. While several analysts acknowledge SoFi's strong fundamentals, they are cautious about the stock, as they believe the positives are already priced in. Wall Street's average price target indicates downside risk from current levels. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Expectations from SOFI's Q2 Earnings SoFi Technologies reported a 20% growth in its Q1 revenue and the sixth consecutive quarter of GAAP profitability. The company ended the quarter with 10.9 million members, marking an impressive 34% growth. Investors will be keen to see if that momentum continued in the second quarter. They would also pay attention to the strength in SoFi's Financial Services segment, its fastest-growing division, which includes offerings like SoFi Money, Loan Platform Business (LPB), and SoFi Invest. The company is growing beyond its traditional lending business by aggressively shifting to fee-based revenue. Analysts expect SOFI's Q2 revenue to increase by more than 34% to about $804.2 million, while earnings per share (EPS) is estimated to jump to $0.06 from $0.01 in the prior-year quarter. Analysts' Views Ahead of SoFi's Q2 Earnings Heading into Q2 results, Goldman Sachs analyst Will Nance initiated coverage of SoFi Technologies stock with a Hold rating and a price target of $19. The analyst noted the company's impressive growth story in the neobank space, its focus on diversification, and the strength of the company's LPB offering. That said, Nance contends that at 5.0x tangible book value, SOFI stock seems 'somewhat disconnected' from the return profile of the business. The analyst is also concerned about SoFi's unique fair value accounting for its lending business, which pulls forward earnings. Recently, Keefe, Bruyette & Woods analyst Timothy Switzer increased the price target for SoFi Technologies stock to $13 from $9, but reaffirmed a Sell rating. The analyst noted strong catalysts that drove SOFI stock higher in recent months, mainly the pending revenue opportunities from the recently announced re-entry into crypto trading and significantly expanded student lending opportunity following the passage of U.S. President Donald Trump's 'Big, Beautiful Bill.' Despite SoFi's exciting growth prospects and strong value proposition, Switzer remains bearish on SOFI stock, as he believes that it has moved beyond its fundamental value. Is SOFI Stock a Buy, Sell, or Hold? Overall, Wall Street is cautious on SoFi Technologies stock, with a Hold consensus rating based on five Buys, eight Holds, and three Sell recommendations. The average SOFI stock price target of $17.08 indicates a downside risk of about 21% from current levels.
Hamilton Spectator
20-07-2025
- Sport
- Hamilton Spectator
Blue Jays vs. Giants: Home win streak hits 10 with Bronx Bombers on deck
In a season in which the Blue Jays seem to have had someone new step up every day, Sunday's spotlight shone on Tommy Nance. The right-handed reliever, in just his sixth game on the roster, was thrust into huge leverage and got the job done spectacularly in an 8-6 win over the San Francisco Giants at the Rogers Centre — the surging Jays' 10th straight victory at home. 'You need everyone when you're trying to go for a sweep,' manager John Schneider said after his team completed its third consecutive home sweep, before a crowd of 41,693. 'Couple of guys down, (other) guys have got to step up and they did. Gold star of the day for Tommy, for sure.' Nance, a 34-year-old journeyman, made 20 appearances with last year's last-place Jays. He was waived through the league at the end of spring training with no takers and spent the first half of this season pitching to a 5.74 ERA in Buffalo. But with one out in the seventh, the Jays clinging to a two-run lead and a runner on second base, the call went to the veteran to face Giants cleanup hitter Willy Adames, who had homered twice in Saturday's 6-3 Jays win. Nance struck him out on three pitches, then retired Mike Yastrzemski on a weak grounder to first. Nance was sent back out for the eighth and proceeded to strike out former Jay Matt Chapman and Dominic Smith before getting Brett Wisely to hit a lazy fly ball to end the inning. Five up, five down. Yariel Rodríguez retired the Giants in order in the ninth for his second big-league save, leaving the dangerous Rafael Devers in the on-deck circle. With closer Jeff Hoffman and top left-hander Brendon Little having pitched both Friday and Saturday, the Jays bullpen was thin in the third game after a four-day all-star break. Nance and Rodríguez provided a huge shot in the arm and left-hander Justin Bruihl helped out, too, with a big strikeout of Devers after giving up a leadoff double in the seventh. 'They were ready,' starter José Berríos, who worked 5 2/3 innings and picked up his sixth win of the season, said of his unexpected setup relievers. 'They took advantage and they did their work. That's great for them and also for the team. That's why we're called Blue Jays team . Everybody has to contribute to every win.' The bats contributed early after the Giants scored a fluke first-inning run, on a Jung Hoo Lee fly ball that Davis Schneider lost in the sun for a double and a softly hit RBI single by Heliot Ramos that followed. Vladimir Guerrero Jr. tied it right away with his 13th homer, a two-out solo shot off Robbie Ray (who won a Cy Young with the Jays in 2021), and Bo Bichette put the home side on top for good with a two-out, two-run double in the third, just past the outstretched glove of Ramos in left field. The Jays appeared to put it away with a four-run fifth — they had a four-run inning in each of the three wins over San Francisco — with George Springer belting his team-leading 17th home run and Addison Barger adding his 14th, a two-run shot. But the Giants responded with four runs of their own in the sixth, including a Chapman homer that sent Berríos to the showers. The bullpen locked it down from there, led by Nance.
Time of India
01-07-2025
- Sport
- Time of India
Larry Nance Jr. grabs NBA spotlight with Cleveland Cavaliers return after Atlanta Hawks comeback
Larry Nance Jr grabs NBA spotlight with Cleveland Cavaliers return after Atlanta Hawks comeback A big move might be on the way for the Cleveland Cavaliers. On July 1, 2025, reports revealed that Larry Nance Jr. expected to return to their former team after a season with the Atlanta Hawks. The news spread quickly online, and the fans talk about what this could mean for the team's watch list. Nance's return can bring both experience and balance to Cleveland's selection to just the right time. Larry Nance Jr. expected to sign with Cleveland Cavaliers after steady Atlanta Hawks year On July 1, NBA insider Marc Stein of The Stein Line broke the news: Larry Nance Jr. will be signing with the Cleveland Cavaliers. The announcement appeared on X and Instagram, giving fans a glimpse of what's next. The 32-year-old big man spent the 2024–25 season with the Atlanta Hawks, where he averaged 8.5 points, 4.3 rebounds, and 1.6 assists over 24 games, despite facing injuries. His last full stretch with the Cleveland Cavaliers was from 2018 to 2021, including a run to the 2018 NBA Finals. Reports hint that Nance will sign a one-year, minimum contract, likely because of Cleveland's second apron restrictions. This deal brings back a versatile frontcourt player familiar with the city's game and culture and ready to plug in right away. Larry Nance Jr. returns to familiar ground as Cavaliers seek frontcourt strength and balance Larry Nance Jr., the son of former NBA player Larry Nance Sr., spent four seasons with Cleveland before moving to the Portland Trail Blazers, New Orleans Pelicans and, most recently, the Atlanta Hawks. His multiple-position game as a power forward and part-time center, and his consistent shooting (44.7% on 3-pointers last year) fit into what Cleveland can use each and every night. Nance is a good get for a Cavaliers team hoping to shore up its bench and provide some added rest for its starters. He provides frontcourt depth, playmaking and shooting, allowing more of his best players, such as De'Andre Hunter, to move back to their natural small forward spot. Also Read: Kevin Garnett honors Candace Parker with unfiltered Message that shakes WNBA This move also impacts other players. Veterans like Dean Wade and Tristan Thompson may see their roles diminish, with Thompson's return now unlikely. Cleveland now reportedly has two roster spots still open, with expectations to fill only one more before the season tips off. Game On Season 1 continues with Mirabai Chanu's inspiring story. Watch Episode 2 here.
Yahoo
28-05-2025
- Business
- Yahoo
Report outlines why Delta flight from Atlanta had to land nose-down in Charlotte
We're now learning why a Delta flight had to make an emergency landing at Charlotte Douglas International Airport without its nose landing gear back in 2023. Channel 2 Action News' sister station Channel 9 WSOC-TV reported when Delta Flight 1092 from Atlanta had to land on its belly; that happened on June 28, 2023. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] The National Transportation Safety Board released its findings this week, and it says a fractured gear in the plane led to the issue. The report says Boeing issued a service bulletin on the part in 2001. After the crash, the part was inspected and had been marked to indicate that the service 'had been performed' in 2009. But according to the report, it's likely that the 'service bulletin was not adequately complied with.' ABC News Aviation Expert John Nance looked at the report with Channel 9 to explain what happened. 'For the nose gear, especially, it's a matter of landing on the means and slowly putting the nose down. This is the type of emergency everybody trains for. It's startling when it occurs, but it's really not lethal,' Nance said. TRENDING STORIES: Did you get a text like this? GA Dept. Of Drivers Services warns it's a scam President Donald Trump to pardon Todd and Julie Chrisley Disabled woman says she's stuck with $900 bill because property owner didn't install wiring right According to the NTSB report, an examination after the crash revealed that the 'landing gear upper lock link failed from a fatigue fracture.' Inspectors say the fatigue cracks were found along scratches 'consistent with tool marks, such as from filing or grinding.' According to the report, the scratches came from a ratchet. Once the cracks had gone a third of the way across, the part broke, and the nose gear wouldn't extend. 'This is basically a metal fatigue situation, this is what the NTSB is so good at, taking a piece of metal that failed and figuring out how it failed. And in this case, if a service bulletin had been followed, this wouldn't have happened,' Nance said. All 104 people on board got off safely. According to FlightAware, the plane is still in service and even flew in and out of CLT Tuesday morning. Delta sent Channel 9 the following statement on Tuesday: "As a result of the investigation Delta ... performed the following safety actions: Completed an inspection of all upper lock links installed on their fleet of Boeing 717 airplanes and all spare lock links in their inventory with no reported crack findings." [SIGN UP: WSB-TV Daily Headlines Newsletter]
Yahoo
27-05-2025
- Business
- Yahoo
Report outlines why plane landed nose-down at Charlotte Douglas International Airport
We're now learning why a Delta flight had to make an emergency landing at Charlotte Douglas International Airport without its nose landing gear back in 2023. Channel 9 reported when Delta Flight 1092 from Atlanta had to land on its belly at CLT; that happened on June 28, 2023. RELATED >> Plane makes emergency landing at Charlotte airport; all passengers safe The National Transportation Safety Board released its findings this week, and it says a fractured gear in the plane led to the issue. The report says Boeing issued a service bulletin on the part in 2001. After the crash, the part was inspected and had been marked to indicate that the service 'had been performed' in 2009. But according to the report, it's likely that the 'service bulletin was not adequately complied with.' ABC News Aviation Expert John Nance looked at the report with Channel 9 to explain what happened. 'For the nose gear, especially, it's a matter of landing on the means and slowly putting the nose down. This is the type of emergency everybody trains for. It's startling when it occurs, but it's really not lethal,' Nance said. According to the NTSB report, an examination after the crash revealed that the 'landing gear upper lock link failed from a fatigue fracture.' Inspectors say the fatigue cracks were found along scratches 'consistent with tool marks, such as from filing or grinding.' According to the report, the scratches came from a ratchet. Once the cracks had gone a third of the way across, the part broke, and the nose gear wouldn't extend. 'This is basically a metal fatigue situation, this is what the NTSB is so good at, taking a piece of metal that failed and figuring out how it failed. And in this case, if a service bulletin had been followed, this wouldn't have happened,' Nance said. All 104 people on board got off safely. According to FlightAware, the plane is still in service and even flew in and out of CLT Tuesday morning. Delta sent Channel 9 the following statement on Tuesday: "As a result of the investigation Delta ... performed the following safety actions: Completed an inspection of all upper lock links installed on their fleet of Boeing 717 airplanes and all spare lock links in their inventory with no reported crack findings." (VIDEO: New apartment complex could be built under CLT airplane path)
