Affirm turned a corner on its operations. -0.70%. Enter your email address below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter. Revenue: US$361.6m (up 34% from 1Q 2022). Earnings Watch: Buying the Dip in Winnebago. Not just limited to bnpl. SPX, 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. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Subscriber Agreement & Terms of Use |
mesurer votre utilisation de nos sites et applications. The chart below shows up to four years of a company's earnings history. 0.1-0.08-0.47-0.81: EPS Actual: 0.01-0.24-0.25-0.47: Difference-0.09-0.16: 0.22: 0.34: Surprise %-90.00% Affirm shares got a boost in the summer of 2021 after the company announced a partnership with Amazon.com Inc. Homebuilder Stocks Steady; Can They Stay That Way? Dcouvrez comment nous utilisons vos donnes personnelles dans notre Politique de confidentialit et notre Politique relative aux cookies. This article was generated by Benzinga's automated content engine and reviewed by an editor. 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. has risen 8% to start 2023. In the last 3 months, 10 analysts have offered 12-month price targets for Affirm Holdings. -1.09%. Privacy Notice Updated|
Feb. 7, 2023, 09:01 AM. Shares were down more than 17% after hours. This would put its stock priced much closer to 20x forward sales, which makes the stock attractively priced. So its net revenues are meaningfully lower than its gross revenues. In the previous quarter, Affirm (NASDAQ:AFRM) reported ($0.69) earnings per share (EPS) to beat the analysts' consensus estimate of ($0.91) by $0.22. The company expects full-year revenue in the range of $1.53 billion to $1.56 billion. Earnings for Affirm are expected to grow in the coming year, from ($3.51) to ($2.99) per share. 2023 CNBC LLC. The buzz around BNPL has faded since the technology was the talk of the e-commerce world early on in the pandemic. We want to hear from you. Affirm's top line smashed through its Q4 guidance. If were to assume that Affirm's business model works, you would need to see its revenue less transaction costs per gross merchandise volume increasing. Affirm reports earnings tonight and is expected to report USD 226m in revenue, which would be a decrease from their Q1 revenue of USD 231m. Those who use credit cards with proper discipline AND uses credit cards with good rewards are rewarded and Affirm cannot make up for example getting 2% on purchases and payoffs of credit cards using Citi 2X. The company reported a loss per share of $1.10 for its fiscal second quarter of 2023, while analysts were anticipating a loss of 98 cents per share, according to Refinitiv. Do Not Sell My Personal Data/Privacy Policy. Visit a quote page and your recently viewed tickers will be displayed here. Key Points Affirm announced its cutting 19% of its workforce. GMV (Affirm Holdings) The reported number represents a change of +89.9% +1.23% Gross Merchandise Volume (GMV) Increases 77% and Total Revenue Grows by 39% Year over Year for the Quarter. Of the 22 analysts tracked by FactSet who cover Affirms stock, nine have buy ratings, 10 have hold ratings, and three have sell ratings, with an average price target of $17.75. Bank of America, JPMorgan, Goldman Sachs Set For Dividend Growth? Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. Valuation approximately same as square paid. Benzinga tracks 150 analyst firms and reports on their stock expectations. Still, he acknowledged that loan losses and provision for credit loss will likely increase, given macro economic uncertainty and the expectation of increasing delinquencies., Morgan Stanleys James Faucette highlighted the strong rally in Affirms stock to start the year, though he still thinks that investors broadly are very cautious on Affirms ability to manage through numerous macro risks and are skeptical of the target to be adjusted operating profitable by the June [quarter].. AFRM profit dropped by 25 times yoy, while increasing shares 6.4 times. Heres what to expect from Affirms fiscal second-quarter earnings report, due out after Wednesdays closing bell. PayPal Earnings Are Coming. 2023 Benzinga.com. For the best Barrons.com experience, please update to a modern browser. Get the Latest News and Ratings for Your Stocks. +2.77%. Affirm said in June 2022 it had 2,552 employees, which means the layoffs impact about 485 people. Wall Street has heard from Peloton since then: The maker of connected fitness equipment notched a sizable revenue beat when it delivered holiday-quarter results earlier in February, though its CEO called out that subscription revenue trumped hardware revenue in the period. Log in to see them here or sign up to get started. It is important to note that AFRM closed Friday trading after gaining 34.37% on the day. 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% Revenue, however, was on point, with revenue coming in at $361 million compared with a forecast for $333 million. Before we dig into its valuation, let's keep in mind that Affirm is guiding for approximately 290 million shares outstanding for fiscal 2022. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. This copy is for your personal, non-commercial use only. Levchin told shareholders Affirm expects to keep headcount "essentially flat for the foreseeable future.". AFRM fundamental statistics; Market Cap: US$4.38b: Earnings (TTM)-US$965.78m: Revenue (TTM) US$1.51b Revenue beat expectations for $226.39M. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. This suggests that analysts have very recently bumped up their estimates for AFRM, giving the stock a Zacks Earnings ESP of +23.39% heading into earnings season. The reported ($0.69) earnings per share for the quarter, beating analysts' consensus estimates of ($0.91) by $0.22. To see all exchange delays and terms of use please see Barchart's disclaimer. 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 Analysts were projecting $232.6 million in revenue and $2.2 billion in GMV. Affirm (AFRM-0.54%) Q2 2023 Earnings Call Feb 08, 2023, 5:00 p.m. 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 year earlier. Affirm gave upbeat guidance for the current quarter. Is AFRM a buy now? WebFor the current quarter, Affirm expects revenue of $240 million to $250 million and GMV of $2.42 billion to $2.52 billion. Listen to Conference Call, The conference call transcript for Affirm's latest earnings report can be read online. Moreover, if we suspect that Affirm's Q1 2022 exit revenue growth rates continue high into Q2 2022, we are likely to see Affirm's revenues reaching closer to $1.6 billion for 2022. Benzinga tracks 150 analyst firms and reports on their stock expectations. How much revenue does Affirm generate each year? Affirm Holdings jumped the gun on its quarterly earnings release on Thursday, posting and then quickly deleting a tweet with details about its results while the market was still open. Affirm (NASDAQ:AFRM) impressed investors with Q4 2021 results and put out solid guidance for fiscal 2022. The company has an average price target of $14.55 with a high of $20.00 and a low of $9.00. 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. Among his areas of focus for the earnings call are expectations for the AMZN partnership following the launch of 0% loans and the recent endofAFRMs exclusivity as AMZNs BNPL option.. Did Affirm beat their earnings estimates last quarter? Sign up for free newsletters and get more CNBC delivered to your inbox. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. WebNews Release Affirm Reports Fourth Quarter and Fiscal Year 2022 Results August 25, 2022 PDF Version Active Merchants Increase from 29,000 to 235,000 and Active See what's happening in the market right now with MarketBeat's real-time news feed. On the other hand, it's not exuberant either. Affirm Holdings (AFRM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. AFRM, Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. Think big picture. Seven analysts surveyed by Zacks expected $366.9 million. During Q4 2020 we can see 6.3% whereas this time around it reached 7.0%. He expects that Wall Street will remain focused on the companys loan performance, access to capital, funding costs, mix of volume, and strength of originations. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. The stock soared more How much profit does Affirm generate each year? Also, we know that Affirm's has recently made a non-exclusive partnership with Amazon (AMZN) that's not included in its revenue guidance and it will be updated throughout the year. Visit a quote page and your recently viewed tickers will be displayed here. The average Affirm price target is $111.00, suggesting a potential 12-month downside of -10.27%. Copyright 2023 MarketWatch, Inc. All rights reserved. Analysts predict Affirm will release losses per share of $0.617. Copyright 2023 MarketWatch, Inc. All rights reserved. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Weitere Informationen darber, wie wir Ihre personenbezogenen Daten nutzen, finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Affirm announced it's cutting 19% of its workforce Wednesday. 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. Splunk Climbs 6% Since Earnings Report, May See New Buy Zone Soon, Rising Optimism: Analysts Say "Buy" Despite Earnings Uncertainty, Carnival Stock Down Despite Accelerating Demand, Earnings Beat. 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. On August 25, Affirm will be reporting earnings from the most recent quarter. Already a subscriber? Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. But heavy USA presence and cutting edge technology and four gigantic customers is much more valuable company. How can I read Affirm's conference call transcript? Note above, the same period a year ago was Affirm's strongest quarter. 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. Wall Street Is Getting Nervous. Affirm Holdings issued its first quarterly report as a public company on Thursday. Benzinga does not provide investment advice. Already a subscriber? https://www.barrons.com/articles/affirm-earnings-stock-price-51631219357. These two partnerships are likely to ensure an impressive run-rate for Affirm. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.