Affirm (NASDAQ:AFRM) issued an update on its fourth quarter 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of $- for the period. The company issued revenue guidance of $215 million-225 million, compared to the consensus revenue estimate of $210.43 million.
AFRM traded up $3.00 during trading hours on Thursday, reaching $63.26. 40,940 shares of the company’s stock traded hands, compared to its average volume of 3,084,735. The company’s 50-day moving average price is $63.13. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.33. Affirm has a 52-week low of $46.50 and a 52-week high of $146.90.
Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Sunday, May 9th. The company reported ($1.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.77). The company had revenue of $230.67 million during the quarter, compared to analysts’ expectations of $197.94 million. Affirm had a negative return on equity of 53.97% and a negative net margin of 34.01%. The firm’s revenue was up 66.8% on a year-over-year basis. Equities analysts anticipate that Affirm will post -1.75 EPS for the current fiscal year.
In related news, VP Siphelele Jiyane sold 12,137 shares of the company’s stock in a transaction on Monday, March 15th. The stock was sold at an average price of $81.18, for a total value of $985,281.66. Following the transaction, the vice president now directly owns 6,360 shares of the company’s stock, valued at approximately $516,304.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Affirm Company Profile
Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States and Canada. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its payments network and partnership with an originating bank, enables consumers to pay for a purchase over time with terms ranging from one to forty-eight months.
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