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Affirm Holdings (AFRM) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Affirm Holdings (AFRM - Free Report) closed at $14.37, marking a -0.9% move from the previous day. This move lagged the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 0.52%, while the tech-heavy Nasdaq lost 1.15%.
Coming into today, shares of the operator of digital commerce platform had lost 14.91% in the past month. In that same time, the Business Services sector lost 2.94%, while the S&P 500 lost 1.4%.
Investors will be hoping for strength from Affirm Holdings as it approaches its next earnings release, which is expected to be August 24, 2023. The company is expected to report EPS of -$0.86, down 32.31% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $404.21 million, up 11.01% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Affirm Holdings. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.06% lower. Affirm Holdings is currently sporting a Zacks Rank of #3 (Hold).
The Business - Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 220, which puts it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Affirm Holdings (AFRM) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Affirm Holdings (AFRM - Free Report) closed at $14.37, marking a -0.9% move from the previous day. This move lagged the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 0.52%, while the tech-heavy Nasdaq lost 1.15%.
Coming into today, shares of the operator of digital commerce platform had lost 14.91% in the past month. In that same time, the Business Services sector lost 2.94%, while the S&P 500 lost 1.4%.
Investors will be hoping for strength from Affirm Holdings as it approaches its next earnings release, which is expected to be August 24, 2023. The company is expected to report EPS of -$0.86, down 32.31% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $404.21 million, up 11.01% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Affirm Holdings. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.06% lower. Affirm Holdings is currently sporting a Zacks Rank of #3 (Hold).
The Business - Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 220, which puts it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.