Affirm (AFRM) to Release Earnings on Wednesday

Affirm (NASDAQ:AFRM) is scheduled to post its quarterly earnings results 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.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, February 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations 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 Affirm stock opened at $36.02 on Tuesday. The stock has a market capitalization of $11.05 billion, a P/E ratio of -14.47 and a beta of 3.56. The business has a 50 day simple moving average of $34.83 and a two-hundred day simple moving average of $35.72. Affirm has a 12 month low of $10.79 and a 12 month high of $52.48. The company has a debt-to-equity ratio of 2.35, a current ratio of 11.49 and a quick ratio of 11.49.

Insider Activity at Affirm

In other Affirm news, Director Keith Rabois sold 9,276 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 60,000 shares in the company, valued at approximately $1,927,200. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 13.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AFRM shares. Deutsche Bank Aktiengesellschaft raised their price objective on Affirm from $24.00 to $35.00 and gave the company a “hold” rating in a report on Friday, February 9th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Affirm in a research report on Tuesday, April 23rd. Wedbush reiterated an “underperform” rating and issued a $20.00 price objective on shares of Affirm 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 research note on Friday, February 9th. Finally, Needham & Company LLC restated a “hold” rating on shares of Affirm in a research report on Tuesday, April 23rd. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.86.

About Affirm

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.