Affirm (AFRM) Scheduled to Post Earnings on Thursday

Affirm (NASDAQ:AFRM - Get Free Report) is set to post its quarterly earnings results 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.Individual that are interested in participating in the company's earnings conference call can do so using this link.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its earnings results on Wednesday, August 28th. The company reported ($0.14) earnings per share for the quarter, beating analysts' consensus estimates of ($0.45) by $0.31. The business had revenue of $659.19 million for the quarter, compared to analysts' expectations of $599.50 million. Affirm had a negative net margin of 22.29% and a negative return on equity of 15.55%. On average, analysts expect Affirm to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Affirm Price Performance

NASDAQ AFRM traded down $1.39 on Thursday, reaching $43.85. The company's stock had a trading volume of 7,546,826 shares, compared to its average volume of 8,716,394. The firm has a market cap of $13.64 billion, a PE ratio of -26.10 and a beta of 3.50. The business has a 50-day moving average price of $41.68 and a 200 day moving average price of $34.22. Affirm has a 52 week low of $16.85 and a 52 week 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.

Insider Activity at Affirm

In other Affirm news, Director Christa S. Quarles sold 14,400 shares of the stock in a transaction on 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 directly owns 141,903 shares in the company, valued at approximately $5,678,958.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Affirm news, Director Christa S. Quarles sold 14,400 shares of the stock in a transaction on 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 directly owns 141,903 shares in the company, valued at approximately $5,678,958.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Katherine Adkins sold 82,316 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $45.00, for a total transaction of $3,704,220.00. Following the completion of the sale, the insider now owns 91,499 shares in the company, valued at approximately $4,117,455. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,800 shares of company stock worth $4,554,288 over the last ninety days. Company insiders own 13.05% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AFRM. Needham & Company LLC reaffirmed a "hold" rating on shares of Affirm in a research note on Friday, September 6th. Mizuho reaffirmed an "outperform" rating and set a $65.00 price objective on shares of Affirm in a research note on Tuesday, August 27th. Barclays upped their price objective 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. The Goldman Sachs Group upped their price objective on shares of Affirm from $46.00 to $54.00 and gave the stock a "buy" rating in a research note on Monday, October 14th. Finally, Wells Fargo & Company raised shares of Affirm from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $40.00 to $52.00 in a research note on Friday, October 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $43.08.

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.