Affirm (NASDAQ:AFRM) Issues Q4 2021 Earnings Guidance

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.

Several brokerages recently issued reports on AFRM. Zacks Investment Research cut Affirm from a hold rating to a sell rating in a research note on Tuesday, May 18th. Barclays lowered their price objective on shares of Affirm from $148.00 to $102.00 and set an overweight rating for the company in a research note on Tuesday, April 20th. Truist Securities raised their target price on shares of Affirm from $77.00 to $82.00 and gave the company a buy rating in a research report on Wednesday, June 2nd. Truist dropped their price objective on shares of Affirm from $160.00 to $77.00 in a research note on Tuesday, May 11th. Finally, Jefferies Financial Group initiated coverage on shares of Affirm in a research note on Wednesday, May 26th. They issued a hold rating and a $56.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $80.45.

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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Earnings History and Estimates for Affirm (NASDAQ:AFRM)

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