Affirm (AFRM) Scheduled to Post Earnings on Thursday

Affirm (NASDAQ:AFRM) will release its earnings data after the market closes on Thursday, November 7th. Analysts expect Affirm to post earnings of ($0.36) per share for the quarter. Affirm has set its Q1 2025 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Affirm (NASDAQ:AFRM) last issued its earnings results on Wednesday, August 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.31. Affirm had a negative return on equity of 15.55% and a negative net margin of 22.29%. The business had revenue of $659.19 million during the quarter, compared to analysts’ expectations of $599.50 million. On average, analysts expect Affirm to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Affirm Trading Up 4.4 %

NASDAQ AFRM opened at $45.60 on Wednesday. Affirm has a 12 month low of $20.20 and a 12 month high of $52.48. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $14.19 billion, a PE ratio of -27.14 and a beta of 3.47. The business’s 50-day moving average price is $42.15 and its two-hundred day moving average price is $34.44.

Insider Activity

In related news, Director Christa S. Quarles sold 14,400 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the sale, the director now owns 141,903 shares in the company, valued at $5,678,958.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Christa S. Quarles sold 14,400 shares of Affirm stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total transaction of $576,288.00. Following the transaction, the director now owns 141,903 shares of the company’s stock, valued at $5,678,958.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Katherine Adkins sold 82,316 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total value of $3,704,220.00. Following the completion of the sale, the insider now directly owns 91,499 shares of the company’s stock, valued at $4,117,455. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,800 shares of company stock worth $4,554,288 over the last three months. 12.41% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AFRM shares. Wells Fargo & Company raised shares of Affirm from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $40.00 to $52.00 in a research report on Friday, October 11th. Barclays lifted their target price on shares of Affirm from $50.00 to $54.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $46.00 price target on shares of Affirm in a research report on Friday, October 4th. Susquehanna initiated coverage on Affirm in a research report on Friday, September 20th. They issued a “positive” rating and a $52.00 price objective for the company. Finally, Mizuho restated an “outperform” rating and set a $65.00 target price on shares of Affirm in a research report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Affirm has an average rating of “Hold” and an average target price of $43.08.

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.