Affirm (AFRM) to Release Earnings on Thursday

Affirm (NASDAQ:AFRM) is set to issue its quarterly earnings data 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.Investors that are interested in participating in the company’s conference call can do so using this link.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Wednesday, August 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.45) by $0.31. Affirm had a negative net margin of 22.29% and a negative return on equity of 15.55%. The company had revenue of $659.19 million during the quarter, compared to analyst estimates 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 Price Performance

Affirm stock opened at $45.60 on Wednesday. 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 business’s 50 day simple moving average is $42.15 and its 200 day simple moving average is $34.44. Affirm has a 12 month low of $20.20 and a 12 month high of $52.48. The company has a market cap of $14.19 billion, a price-to-earnings ratio of -27.14 and a beta of 3.47.

Insider Transactions at Affirm

In other Affirm news, Director Christa S. Quarles sold 14,400 shares of Affirm stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total transaction of $576,288.00. Following the completion of the sale, the director now directly owns 141,903 shares in the company, 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 document filed with the SEC, which is available through this hyperlink. In other news, insider Katherine Adkins sold 6,084 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $45.00, for a total value of $273,780.00. Following the completion of the transaction, the insider now directly owns 122,069 shares in the company, valued at approximately $5,493,105. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christa S. Quarles sold 14,400 shares of the firm’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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,800 shares of company stock valued at $4,554,288. 12.41% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AFRM has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on Affirm from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. BTIG Research upgraded shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Tuesday, October 8th. The Goldman Sachs Group boosted their price target on shares of Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Wedbush raised shares of Affirm from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $25.00 to $45.00 in a report on Monday, October 14th. Finally, Bank of America boosted their target price on shares of Affirm from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Two investment 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. According to MarketBeat.com, Affirm currently has a consensus rating of “Hold” and a consensus price target 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.