Affirm Holdings (AFRM) Dips More Than Broader Markets: What You Should Know

This story originally appeared on Zacks

AfRM Holdings (AFRM) closed the last trading day at $79.62, up -1.82% from the previous trading session. This change delayed the S&P 500’s daily loss of 0.41%. Elsewhere, the Dow Jones lost 0.01%, while tech-heavy Nasdaq added 0.13%.

– Zacks

As the day approaches, shares of the digital commerce platform operator have lost 31.92% over the past month, trailing the Business Services segment’s 12.79% loss and the S&P 500’s 2.36% gain in that time.

Affirm Holdings will look to show strength as it nears its next earnings release. In this report, analysts expect Affirm Holdings to report earnings of – $0.44 per share. This represents an annual growth of 2.22%. Meanwhile, Zacks revenue estimates forecast net sales of $330.01 million, up 61.74% from the same period last year.

Looking at the full year, our Zacks Consensus estimates that analysts expect earnings of $2.42 per share and revenue of $1.28 billion. These totals will indicate changes of +4.72% and +46.78%, respectively, from last year.

Investors may also note recent changes in analyst estimates for Affirm Holdings. These recent reviews tend to reflect the evolving nature of short-term business trends. As such, positive rating reviews reflect the analyst’s optimism about the company’s business and profitability.

Our research shows that these discretionary changes are directly correlated with near-term stock prices. We developed Zacks Rank to take advantage of this phenomenon. Our system takes these discretionary changes into account and provides a clear and actionable rating model.

The Zacks Rank system ranges from #1 (strong buy) to #5 (strong sell). It has a proven track record of success, subject to external scrutiny, with the No. 1 stock having generated an average annual return of over 25% since 1988. Zacks Consensus EPS estimate is up 0.82% over the past month. Affirm Holdings currently has a Zacks rating of 4 (sell).

The business services industry is part of the business services sector. This group has a Zacks Industry Rating of 107, placing it in the top 42% of all 250+ industries.

The Zacks Industry Ranking measures the strength of our individual industry groups by measuring the average Zacks rating of the individual stocks within the groups. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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Affirm Holdings, Inc. (AFRM): Free Stock Analysis Report

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