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 Sinks As Market Gains: Here's Why
Read MoreHide Full Article
Affirm Holdings (AFRM - Free Report) closed the most recent trading day at $47.40, moving -2.17% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.18%, and the technology-dominated Nasdaq saw an increase of 0.1%.
The operator of digital commerce platform's shares have seen a decrease of 4.64% over the last month, not keeping up with the Computer and Technology sector's loss of 2.82% and the S&P 500's loss of 1.74%.
The investment community will be paying close attention to the earnings performance of Affirm Holdings in its upcoming release. The company is forecasted to report an EPS of $0.18, showcasing a 1700% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $997.92 million, indicating a 27.43% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.1 per share and revenue of $4.14 billion, indicating changes of +633.33% and +28.45%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Affirm Holdings should also be noted by investors. Recent revisions tend to reflect the latest 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 1.08% lower. Affirm Holdings is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Affirm Holdings has a Forward P/E ratio of 43.97 right now. This expresses a premium compared to the average Forward P/E of 19.31 of its industry.
One should further note that AFRM currently holds a PEG ratio of 1.79. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software was holding an average PEG ratio of 1.07 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 146, this industry ranks in the bottom 41% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Affirm Holdings (AFRM) Stock Sinks As Market Gains: Here's Why
Affirm Holdings (AFRM - Free Report) closed the most recent trading day at $47.40, moving -2.17% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.18%, and the technology-dominated Nasdaq saw an increase of 0.1%.
The operator of digital commerce platform's shares have seen a decrease of 4.64% over the last month, not keeping up with the Computer and Technology sector's loss of 2.82% and the S&P 500's loss of 1.74%.
The investment community will be paying close attention to the earnings performance of Affirm Holdings in its upcoming release. The company is forecasted to report an EPS of $0.18, showcasing a 1700% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $997.92 million, indicating a 27.43% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.1 per share and revenue of $4.14 billion, indicating changes of +633.33% and +28.45%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Affirm Holdings should also be noted by investors. Recent revisions tend to reflect the latest 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 1.08% lower. Affirm Holdings is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Affirm Holdings has a Forward P/E ratio of 43.97 right now. This expresses a premium compared to the average Forward P/E of 19.31 of its industry.
One should further note that AFRM currently holds a PEG ratio of 1.79. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software was holding an average PEG ratio of 1.07 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 146, this industry ranks in the bottom 41% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.