Affirm (AFRM) to Release Quarterly Earnings on Thursday

Affirm (NASDAQ:AFRM) is scheduled to be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce 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, beating the consensus estimate of ($0.45) by $0.31. The business had revenue of $659.19 million during the quarter, compared to the consensus estimate 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 $1 EPS for the next fiscal year.

Affirm Price Performance

Shares of AFRM opened at $43.69 on Tuesday. The firm has a market capitalization of $13.59 billion, a PE ratio of -26.01 and a beta of 3.47. The company has a debt-to-equity ratio of 2.41, a current ratio of 13.07 and a quick ratio of 13.07. Affirm has a fifty-two week low of $20.20 and a fifty-two week high of $52.48. The company’s 50-day moving average is $42.15 and its 200-day moving average is $34.44.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Morgan Stanley raised Affirm from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $22.00 to $37.00 in a research report on Wednesday, October 9th. Mizuho reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Affirm in a research report on Tuesday, August 27th. Royal Bank of Canada restated a “sector perform” rating and set a $46.00 price objective on shares of Affirm in a report on Friday, October 4th. Needham & Company LLC restated a “hold” rating on shares of Affirm in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Affirm from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $43.08.

Insiders Place Their Bets

In related news, insider Katherine Adkins sold 82,316 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Katherine Adkins sold 82,316 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 91,499 shares in the company, valued at $4,117,455. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christa S. Quarles sold 14,400 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total value of $576,288.00. Following the transaction, the director now directly owns 141,903 shares in the company, valued at approximately $5,678,958.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,800 shares of company stock worth $4,554,288 in the last ninety days. 13.05% of the stock is owned by corporate insiders.

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.