Is a Beat in the Cards for Affirm (AFRM) in Q1 Earnings?
Affirm Holdings, Inc. AFRM is scheduled to release first-quarter fiscal 2022 results on Nov 10, after market close.
Let’s check out the expectations in detail.
Q1 Expectations
The Zacks Consensus Estimate for revenues is pegged at $250.75 million, indicating 4.2% decline sequentially. The downside is likely to get partially offset by increases in network revenues and interest income related to growth in gross merchandise volume, loans held for investment and gains on loan sales.
Rising expenses are likely to have weighed on the company’ bottom line. The Zacks Consensus Estimate for loss per share is projected at 30 cents, indicating sequential growth of 37.5%.
What Our Model Says
Our proven model predicts an earnings beat for Affirm this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Affirm has an Earnings ESP of +39.50% and a Zacks Rank #3.
Affirm Holdings, Inc. Price and EPS Surprise
Other Stocks to Consider
Here are a few other stocks from the broader Zacks
Opendoor Technologies
SoFi Technologies
SailPoint Technologies
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