Affirm(AFRM)
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Volatile FinTech Stocks Highlight Promise, Perils of Financial Services' Digital Makeover
PYMNTS.com· 2024-11-08 18:18
On Wall Street, what goes up must go down, and vice versa.A momentous week with a seesaw of volatility in the markets could be rightly chalked up to the seismic shifts from elections Tuesday (Nov. 5). So-called “Trump trades,” assets tied to President-elect Donald Trump and those likely to benefit from his administration, surged after his win.Headed into November, the FinTech IPO Index was up nearly 15% year to date. That overall return was outpaced by individual names that were up by high-double-digit and ...
Affirm Holdings (AFRM) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2024-11-08 02:00
Affirm Holdings (AFRM) reported $698.48 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 40.7%. EPS of -$0.31 for the same period compares to $0.00 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $661.39 million, representing a surprise of +5.61%. The company delivered an EPS surprise of +13.89%, with the consensus EPS estimate being -$0.36.While investors scrutinize revenue and earnings changes year-over-year and how they compare ...
Affirm Holdings (AFRM) Reports Q1 Loss, Tops Revenue Estimates
ZACKS· 2024-11-08 00:56
Affirm Holdings (AFRM) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.36. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.89%. A quarter ago, it was expected that this operator of digital commerce platform would post a loss of $0.45 per share when it actually produced a loss of $0.14, delivering a surprise of 68.89%.Over the last fou ...
Affirm(AFRM) - 2025 Q1 - Earnings Call Transcript
2024-11-08 00:05
Affirm Holdings, Inc. (NASDAQ:AFRM) Q1 2025 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Zane Keller - Director of Investor Relations Max Levchin - Founder and Chief Executive Officer Michael Linford - Chief Operating Officer Conference Call Participants Andrew Bauch - Wells Fargo Nathaniel Richam-Odoi - Bank of America Securities John Hecht - Jefferies James Faucette - Morgan Stanley Vincent Caintic - BTIG Dan Dolev - Mizuho Securities Robert Wildhack - Autonomous Research Regi ...
Affirm(AFRM) - 2025 Q1 - Quarterly Report
2024-11-07 22:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Class A common stock, par value $0.00001 per share AFRM The Nasdaq Global Select Market FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transitio ...
Affirm beats on top and bottom lines
CNBC· 2024-11-07 21:44
Affirm, the provider of buy now, pay later loans reported better-than-expected fiscal first-quarter results.Here's how the company did, compared to analysts' consensus estimates from LSEG.Loss per share: 31 cents adjusted vs. a loss of 35 cents expectedRevenue: $698 million vs. $664 million expectedAffirm reported gross merchandise volume (GMV) of $7.6 billion, topping the average estimate of $7.28 billion, according to StreetAccount. GMV, a key metric that helps gauge the total value of transactions, incre ...
Affirm(AFRM) - 2025 Q1 - Quarterly Results
2024-11-07 21:05
| --- | --- | --- | |---------------------------|-------------------------------------------------------------------------------|---------| | | | | | affirm) | | | | Shareholder Letter | | | | First Fiscal Quarter 2025 | " = છે ଷ୍ର | | | | Add money Request to split eligible purchases of $50 d $58.32 $117.72 @ ® g D | affirm) | Max Levchin Founder and CEO Fellow Affirm shareholders: Affirm galloped out of the gates in FQ1'25. We met or exceeded every metric provided in the August outlook: | --- | --- | --- ...
2 Financial Technology Stocks to Buy Ahead of Earnings This Week
ZACKS· 2024-11-06 13:16
The financial technology space is expected to benefit from expanding transaction volumes resulting from the widespread adoption of digital means. The ongoing digitization movement, triggered by the pandemic, is a major catalyst for this industry. Financial technology represents a transformative investment space within a hybrid sector merging finance and technology. The companies in this space offer a variety of services, such as online banking, peer-to-peer payments, insurance, cryptocurrency and cybersecur ...
What Wall Street Analysts Think of Affirm's Stock Ahead of Earnings
Investopedia· 2024-11-06 10:10
Key TakeawaysAffirm Holdings is set to report first-quarter earnings after the bell Thursday, with analysts expecting revenue to grow nearly 34% from last year's quarter. Analysts polled by Visible Alpha expects to see losses of 33 cents per diluted share.Deutsche Bank analysts see opportunity for customer growth as interest rates come down. Affirm Holdings (AFRM) is set to report its fiscal first-quarter earnings after the market closes on Thursday, with analysts expecting the buy now, pay later (BNPL) fir ...
Analyzing Affirm's Pre-Q1 Earnings: Time to Buy The Stock?
ZACKS· 2024-11-05 20:35
Affirm Holdings, Inc. (AFRM) is scheduled to release first-quarter fiscal 2025 results on Nov. 7, after the closing bell. The Zacks Consensus Estimate for the bottom line is pegged at a loss of 36 cents per share, suggesting a narrower figure than the prior-year quarter’s loss of 57 cents. Its quarterly performance is expected to have been driven by increased merchant network revenues, higher interest income and continued transaction growth undertaken through AFRM’s platform. Stay up-to-date with all quar ...