We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Affirm Holdings (AFRM) Stock Drops Despite Market Gains: Important Facts to Note
Read MoreHide Full Article
In the latest trading session, Affirm Holdings (AFRM - Free Report) closed at $74.83, marking a -3.36% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.01%. Meanwhile, the Dow gained 0.51%, and the Nasdaq, a tech-heavy index, lost 0.28%.
The stock of operator of digital commerce platform has fallen by 13.64% in the past month, lagging the Computer and Technology sector's gain of 10.49% and the S&P 500's gain of 4.83%.
The upcoming earnings release of Affirm Holdings will be of great interest to investors. In that report, analysts expect Affirm Holdings to post earnings of $0.1 per share. This would mark year-over-year growth of 132.26%. Meanwhile, the latest consensus estimate predicts the revenue to be $884.86 million, indicating a 26.68% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.86 per share and a revenue of $3.98 billion, signifying shifts of +473.33% and +23.39%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Affirm Holdings. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.39% higher. As of now, Affirm Holdings holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Affirm Holdings has a Forward P/E ratio of 90.04 right now. Its industry sports an average Forward P/E of 29.87, so one might conclude that Affirm Holdings is trading at a premium comparatively.
One should further note that AFRM currently holds a PEG ratio of 5.03. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. AFRM's industry had an average PEG ratio of 2.25 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 62, positioning it in the top 26% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Affirm Holdings (AFRM) Stock Drops Despite Market Gains: Important Facts to Note
In the latest trading session, Affirm Holdings (AFRM - Free Report) closed at $74.83, marking a -3.36% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.01%. Meanwhile, the Dow gained 0.51%, and the Nasdaq, a tech-heavy index, lost 0.28%.
The stock of operator of digital commerce platform has fallen by 13.64% in the past month, lagging the Computer and Technology sector's gain of 10.49% and the S&P 500's gain of 4.83%.
The upcoming earnings release of Affirm Holdings will be of great interest to investors. In that report, analysts expect Affirm Holdings to post earnings of $0.1 per share. This would mark year-over-year growth of 132.26%. Meanwhile, the latest consensus estimate predicts the revenue to be $884.86 million, indicating a 26.68% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.86 per share and a revenue of $3.98 billion, signifying shifts of +473.33% and +23.39%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Affirm Holdings. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.39% higher. As of now, Affirm Holdings holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Affirm Holdings has a Forward P/E ratio of 90.04 right now. Its industry sports an average Forward P/E of 29.87, so one might conclude that Affirm Holdings is trading at a premium comparatively.
One should further note that AFRM currently holds a PEG ratio of 5.03. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. AFRM's industry had an average PEG ratio of 2.25 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 62, positioning it in the top 26% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.