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Affirm Holdings (AFRM) Stock Moves 1.01%: What You Should Know
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Affirm Holdings (AFRM - Free Report) closed the most recent trading day at $71.77, moving +1.01% from the previous trading session. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq gained 0.45%.
Shares of the operator of digital commerce platform witnessed a loss of 7.58% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 6.18%, and the S&P 500's gain of 1.27%.
The investment community will be paying close attention to the earnings performance of Affirm Holdings in its upcoming release. The company is expected to report EPS of $0.34, up 47.83% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.21 billion, up 29.95% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.87 per share and revenue of $5.51 billion. These totals would mark changes of -66.18% and +29.37%, respectively, from last year.
Any recent changes to analyst estimates for Affirm Holdings should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 9.05% upward. As of now, Affirm Holdings holds a Zacks Rank of #3 (Hold).
In terms of valuation, Affirm Holdings is currently trading at a Forward P/E ratio of 37.92. This indicates a premium in contrast to its industry's Forward P/E of 20.28.
Investors should also note that AFRM has a PEG ratio of 2.91 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.15.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Affirm Holdings (AFRM) Stock Moves 1.01%: What You Should Know
Affirm Holdings (AFRM - Free Report) closed the most recent trading day at $71.77, moving +1.01% from the previous trading session. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq gained 0.45%.
Shares of the operator of digital commerce platform witnessed a loss of 7.58% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 6.18%, and the S&P 500's gain of 1.27%.
The investment community will be paying close attention to the earnings performance of Affirm Holdings in its upcoming release. The company is expected to report EPS of $0.34, up 47.83% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.21 billion, up 29.95% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.87 per share and revenue of $5.51 billion. These totals would mark changes of -66.18% and +29.37%, respectively, from last year.
Any recent changes to analyst estimates for Affirm Holdings should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 9.05% upward. As of now, Affirm Holdings holds a Zacks Rank of #3 (Hold).
In terms of valuation, Affirm Holdings is currently trading at a Forward P/E ratio of 37.92. This indicates a premium in contrast to its industry's Forward P/E of 20.28.
Investors should also note that AFRM has a PEG ratio of 2.91 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.15.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.