How do Affirm Holdings's earnings and revenue compare to its market cap? By PYMNTS | September 9, 2021. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter. Earnings When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors. Earnings Watch: Buying the Dip in Winnebago. I do all the work of picking the most attractive stocks. Affirm "The root cause of where we are today is that I acted too slowly as these macroeconomic changes unfolded," Levchin wrote. Affirm Holdings (AFRM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Affirm Holdings (AFRM) Reports Q3 Earnings: What Key Metrics Have to Say. The conference call for Affirm's latest earnings report can be listened to online. As I've discussed throughout, we are welcome to use Affirm's guidance of $1.2 billion for the year ahead, but I suspect that this will be raised as the year unfolds. https://www.barrons.com/articles/affirm-earnings-stock-price-51631219357. GMV growth was strong, revenue growth solid, and revenue ex-transaction costs even better. All Rights Reserved. $15.20 0.36 ( +2.43%) 4:00 PM 06/27/23. For the best Barrons.com experience, please update to a modern browser. SMART Global Holdings Momentum, Room To Move Higher? Revenue: The FactSet consensus is for $416 million in December-quarter revenue, up from $361 million a year before. The partnership allows Amazon customers in the U.S. to split purchases of $50 or more into smaller, monthly installments. Did Affirm beat their earnings estimates last quarter? Affirm The market expects Affirm Holdings (AFRM) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2021. blamed weakness at this large merchant partner, The Biden administration has a new strategy for student-loan forgiveness but there are risks it could meet the same fate, Nasdaq posts best first half since 1983 as inflation data power Friday stock surge, A breakfast-cereal giants grumbles about prices could be music to the Feds ears, Digging into Bidens Policies for Ukraine, China and More, These are the best-performing stocks in the 2023 bull market and the worst, Buy Apples stock because its more than just a hardware play, Citi says, I quit Fox: Geraldo Rivera says hes done after being fired from The Five, Airbnb rental revenues have plunged in some parts of the U.S., this chart suggests, but some doubts surround the data. "Everything changed in mid-2022," Levchin said, pointing to Federal Reserve policy that he said has "dampened consumer spending and increased Affirm's cost of borrowing dramatically.". During Q4 2020 we can see 6.3% whereas this time around it reached 7.0%. Log in to see them here or sign up to get started. WebDespite topping expectations, Affirm shares sank more than 8% in after-hours trading following the release of the results, after gaining 3% to $12.30 in the regular session. Nevertheless, to start our valuation work, we can estimate that Affirm is priced at 27x forward sales. Affirm is one of the leading players in the burgeoning buy now, pay later space, which allows people to split the payment for their purchases into installments. This means, if Affirm beat its Q4 2021 revenue growth rates guidance by 2,400 basis points, together with the fact that Q1 2021 was its strongest and toughest quarter to beat, this all together implies that management's 39% CAGR for fiscal 2022 is just so conservative that it should be fully disregarded altogether. Affirm Holdings First Quarter 2023 Earnings: EPS Misses On the other hand, it's not exuberant either. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are. Affirm Beats Expectations. Stock Still Tumbles. | Barron's Levchin told employees that laid off workers in the U.S. would be offered a minimum of 15 weeks base pay as severance plus an additional week per year of tenure. If AFRM stock falls on headlines, it would be because of bad expectations, not bad results. Affirm Total network Revenue grew 13%, but that figure masks much stronger underlying results. Emily Bary is a MarketWatch reporter based in New York. While the company expects sales to be between $1.63 and $1.73 billion for the fiscal year 2023, the figure is anticipated to be between $345 and $365 million for the first quarter. Q1 Expectations The Zacks Consensus Estimate for revenues is pegged at $250.75 million, indicating 4.2% decline sequentially. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. Data is a real-time snapshot *Data is delayed at least 15 minutes. For the full year 2023, the company is forecasting revenue of $1.475B to $1.550B, below expectations for $1.639B. Gross Merchandise Volume (GMV) Increases 77% and Total Revenue Grows by 39% Year over Year for the Quarter. Of those firms, 68% have exceeded expectations and 4% have matched them. AFRM - Affirm Holdings Inc Stock quote - CNNMoney.com AAPL Expectations Are Once Again High Think big picture. Affirm It's as good as it can get here. Is this happening to you frequently? And this is exactly what we are seeing in the graph above. Affirm Revenue growth (last year) +55.01%. Get the Latest News and Ratings for Your Stocks. Affirm (AFRM-0.54%) Q2 2023 Earnings Call Feb 08, 2023, 5:00 p.m. Wall Street expects a year-over-year decline in earnings on higher revenues when Affirm Holdings (AFRM) reports results for the quarter ended December 2022. Revenue: US$361.6m (up 34% from 1Q 2022). I provide a hand-holding service. Intraday data delayed at least 15 minutes or per exchange requirements. Affirm Holdings (AFRM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. For the quarter ended December 2022, Affirm Holdings (AFRM) reported revenue of $399.56 million, up 10.7% over the same period last year. Analysts were projecting $232.6 million in revenue and $2.2 billion in GMV. Earnings before Tax (EBT) 1-31,5-247-131-306-159-54,4-205-251-324-207-267-216-225-201-259: Net income 1-31,6-247-128-307-160-54,7-186-251-322-206-254-229-242-215-228: Net margin -15,5%-107%-49,0%-114%-44,2%-15,4%-51,2%-69,5%-80,7% The stock soared more than 20% in extended trading following the report. The biggest next biggest validation that Affirm offered to its business model delivering value is illustrated below: Consider that in the same period a year ago the number of active customers was up 77% y/y, while growing from a smaller base. The business had revenue of $152.41 million for the quarter, compared to analysts' expectations of $150.55 million. Is AFRM a buy now? Affirm While the company rode Peloton Interactive Inc.s AFRM Stock Price and Chart NASDAQ:AFRM TradingView Heres what to expect from Affirms fiscal second-quarter earnings report, due out after Wednesdays closing bell. Analysts typically rate each stock once per quarter or whenever the company has a major update. While data suggests retail sales have decelerated this quarter y/y, we believeAFRMhas offset weakness through its exposure to enterprise retailers, continued market share gains, and potentially increased consumer demand for flexible spending products to manage inflation to achieve our GMV [gross merchandise volume] estimates, he wrote. In the earnings report, Affirm said its guidance for the full year and fiscal first quarter doesn't factor in any potential contributions to revenue or gross merchandise volume from the partnership with Amazon, which is currently being tested with select customers before rolling out more broadly in the coming months. Affirm fundamental analysis: Latest earnings. Affirm Earnings growth (last year) -56.97%. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. earnings A Division of NBCUniversal. Subscriber Agreement & Terms of Use | Please. Affirm executives, for their part, have maintained that the companys loans with shorter payback periods help mitigate some of the credit impact that other lenders may see. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Like choosy shoppers at a retail store, IPO investors are demanding discounts and displaying price sensitivity, The Biden administration has a new strategy for student-loan forgiveness but there are risks it could meet the same fate. I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Short position through short-selling of the stock, or purchase of put options or similar derivatives in AFRM over the next 72 hours. Affirm Holdings, Inc.'s (AFRM) CEO The news came as it reported second quarter earnings that fell below analyst estimates on both the top and bottom lines. Sign In. Affirm has generated ($3.30) earnings per share over the last year (($3.30) diluted earnings per share). Affirm I have no business relationship with any company whose stock is mentioned in this article. Servicing income: $21.49 million compared to the $23.93 million average estimate based on six analysts. Affirm Revenue, however, was on point, with revenue coming in at $361 million compared with a forecast for $333 million. Benzinga tracks 150 analyst firms and reports on their stock expectations. Upgrade to MarketBeat All Access to add more stocks to your watchlist. All Rights Reserved. The average Affirm price target is $111.00, suggesting a potential 12-month downside of -10.27%. This falls under need a bigger truck theory. -0.33% Affirm Wednesday afternoon earnings report will show how the pure-play operator has been faring in this new reality, and also how credit has held up given a rockier economic climate. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Earnings: Analysts tracked by FactSet expect Affirm to post a GAAP loss of 95 cents a share for the December quarter, compared with a loss of 57 cents a share a Intraday Data provided by FACTSET and subject to terms of use. Updated. So its net revenues are meaningfully lower than its gross revenues. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. The light blue line represents the company's estimated revenue based on the consensus of Wall Street analysts for each quarter. As an experienced professional, I highlight the best stocks to grow your savings: stocks that deliver strong gains. However, the core of the investment thesis behind Affirm is their leading technology allows them over time to decrease their provisions as they increase the amount of customer data they hold. Affirm The company also anticipates revenue of $325 million to $335 million, whereas the FactSet consensus was for $335.5 million. WebDespite topping expectations, Affirm shares sank about 8% in after-hours trading following the release of the results, after gaining 3% to $12.30 in the regular session. Over the past 3 months, 10 analysts have published their opinion on Affirm Holdings AFRM stock. WebAffirm Holdings (AFRM) will release its next earnings report on Sep 7, 2023. I wrote this article myself, and it expresses my own opinions. This stock is absolutely worthwhile considering, even now, after the stock has soared more than 22% after-hours. The 'buy now, pay later' company posted a loss of $205.7 million, or 69 cents a share, for the quarter, topping expectations by analysts surveyed by FactSet. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Affirm call earnings YOLO/DD (bull spread After robust growth for buy-now-pay-later services in the prior holiday season, Affirm Holdings Inc. is still expected to have increased its top line in the most recent December quarter, but at a much slower pace. Affirm Affirm Holdings stock is soaring even after the company reported earnings that missed analyst forecasts for net income. Affirm reported a fourth-quarter loss of 48 cents a share, missing forecasts for a 29 cent loss, on sales of $261.8M. Best technology in the field. Affirm Holdings Inc (NASDAQ:AFRM) is down 9.9% to trade at $52.90 at last check, extending yesterday's 21.4% dip, after it accidentally released its quarterly report earlier than expected. Affirm cuts 19% of workforce; shares tank on earnings The Buy Now Pay Later movement will be upended in short order when people decide Buy Now Pay Never suits their financial goals. Affirm reported better-than-expected revenue for the fourth quarter after the bell Thursday and gave strong guidance for the current quarter. Affirm stock dropped as much as 26% on Thursday after the company reported second-quarter results ahead of schedule. When Affirm Holdings ( AFRM) reports June-quarter earnings this week, the consumer financing firm's fiscal 2023 outlook could move AFRM stock. AFRM | Affirm Holdings Inc. Cl A Analyst Estimates Even more, Affirm crushed revenue expectations, which were $328.8 million for the quarter. How can I listen to Affirm's earnings conference call? View which stocks are hot on social media with MarketBeat's trending stocks report. Analysts expect Affirm will report losses per share of $1.002. https://www.barrons.com/articles/affirm-earnings-stock-price-8641ba3. Not just limited to bnpl. The market expects Affirm Holdings (AFRM) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended Affirm reported better-than-expected fiscal fourth-quarter results after the bell Thursday, including solid guidance and 71% revenue growth. The reported number represents a change of +89.9% The firm earned $380.98 million during the quarter, compared to analysts' expectations of $371.96 million. The news came as it reported second quarter earnings that fell below analyst estimates on both the top and bottom lines. Stay up to date on Affirm Holdings analyst ratings. Affirm Affirm shares traded wildly in Tuesdays after-hours session despite the buy now, pay later company posting better-than-expected results for its fiscal third quarter. SPX. Shares of Affirm Holdings Inc. were flying 13% higher in Wednesday trading after the buy-now-pay-later operator saw its relationship with Amazon.com Inc. expand. All rights reserved. Affirm (NASDAQ:AFRM) impressed investors with Q4 2021 results and put out solid guidance for fiscal 2022. AFRM. The payments giant generated adjusted earnings per share of 42 cents, handily beating analysts estimates of 23 cents, according to FactSet. If you have an ad-blocker enabled you may be blocked from proceeding. Last Quarter's Earnings-0.69: Year Ago Earnings-2.36: Current Quarter's Estimate-0.86: Current Year's Estimate-3.44: Median PE on CY Estimate: N/A: Next Sign up for free newsletters and get more CNBC delivered to your inbox. Affirm has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Thursday, August 24th, 2023 based off prior year's report dates. Affirm Analysts were expecting fourth quarter sales of $401.9 million and $1.51 billion for 2021. When asked how the partnership with Amazon came together, Levchin said on a call with investors that large retailers are realizing the buy now, pay later trend isn't just a fad or a feature. We are all working together to compound returns. On 12 May, Affirm reported its financial results covering the third quarter of the 2022 fiscal year. Source: author's calculations; management guidance. Affirm's earnings are expected to grow from ($3.51) per share to ($2.99) per share in the next year.