Affirm (AFRM) to Release Quarterly Earnings on Wednesday

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

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

Affirm Price Performance

Shares of NASDAQ AFRM opened at $36.02 on Tuesday. The company has a current ratio of 11.49, a quick ratio of 11.49 and a debt-to-equity ratio of 2.35. The company has a market capitalization of $11.05 billion, a price-to-earnings ratio of -14.47 and a beta of 3.56. Affirm has a twelve month low of $10.79 and a twelve month high of $52.48. The business has a 50 day simple moving average of $34.83 and a 200-day simple moving average of $35.72.

Wall Street Analysts Forecast Growth

AFRM has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Affirm from $24.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Royal Bank of Canada raised their target price on shares of Affirm from $26.00 to $50.00 and gave the stock a “sector perform” rating in a report on Friday, February 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Affirm in a report on Tuesday, April 23rd. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a report on Tuesday, April 23rd. Finally, Barclays reduced their price objective on Affirm from $50.00 to $41.00 and set an “overweight” rating for the company in a research report on Tuesday, April 16th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $27.86.

Insider Activity

In other Affirm news, Director Keith Rabois sold 9,276 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $32.12, for a total value of $297,945.12. Following the sale, the director now directly owns 60,000 shares in the company, valued at $1,927,200. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.