Affirm (AFRM) to Release Earnings on Wednesday

Affirm (NASDAQ:AFRM) is set to release its earnings data before the market opens on Wednesday, May 8th. Analysts expect Affirm to post earnings of ($0.70) per share for the quarter. Affirm has set its Q3 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, February 8th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.08. The business had revenue of $591.11 million during the quarter, compared to the consensus estimate of $523.92 million. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. On average, analysts expect Affirm to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Affirm Stock Up 1.4 %

Shares of NASDAQ AFRM opened at $34.93 on Monday. Affirm has a 52-week low of $8.80 and a 52-week high of $52.48. The company has a debt-to-equity ratio of 2.35, a quick ratio of 11.49 and a current ratio of 11.49. The business has a fifty day moving average of $34.83 and a two-hundred day moving average of $35.72. The stock has a market cap of $10.72 billion, a PE ratio of -14.03 and a beta of 3.56.

Analyst Ratings Changes

AFRM has been the subject of several research reports. Royal Bank of Canada raised their price objective on shares of Affirm from $26.00 to $50.00 and gave the company a “sector perform” rating in a research report on Friday, February 9th. BMO Capital Markets upped their price objective on Affirm from $44.00 to $47.00 and gave the stock a “market perform” rating in a report on Monday, February 12th. Barclays lowered their target price on Affirm from $50.00 to $41.00 and set an “overweight” rating for the company in a research note on Tuesday, April 16th. Stephens upped their price target on Affirm from $6.00 to $16.00 and gave the company an “underweight” rating in a research note on Friday, February 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Affirm from $24.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.86.

Insiders Place Their Bets

In other news, Director Keith Rabois sold 9,276 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $32.12, for a total transaction of $297,945.12. Following the completion of the sale, the director now directly owns 60,000 shares in the company, valued at $1,927,200. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 13.05% of the company’s stock.

Affirm Company Profile

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.