Nevertheless, the company delivered another strong quarter with growth across the board, including Active Customers, Gross Merchandise Volume, Revenue, and Gross Profit. 2 min read Investors are always looking for stocks that are poised to beat at earnings season and Affirm Holdings, Inc. AFRM may be one such company. Lets look at their numbers to understand why I believe so. . Look out for AFRM's next earnings release expected on February 09, 2023. NASDAQ AFRM opened at $20.07 on Tuesday. The stock has a 50-day moving average of $21.62 and a two-hundred day moving average of $24.56. -21.33%. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Last week Affirm ( ) held its Fiscal Q2 2022 (calendar Q4 2021) earnings call and this brought a lot of drama. GMV guidance for the full fiscal year 2022 is $15.04 to $15.14 billion, which would represent approximately 82% YoY growth on an annual basis. Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures and not rely on any single financial measure to evaluate the business. The Company believes that revenue less transaction costs as a percentage of GMV is a useful financial measure to both the Company and investors of the unit economics of transactions processed on the Company's platform. SAN FRANCISCO, November 08, 2022 -- ( BUSINESS WIRE )--Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps . That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Affirm Fiscal Q3 2022 Earnings Review: investors are panicking, but the company keeps growing, This site requires JavaScript to run correctly. Home; Deposit. (Ad), S&P 500 Component DexCom Set For Further Price, Earnings Growth, Oil Is a Compelling Reason The Sell-Off In Stocks Isnt Over. There may be material errors, omissions, or inaccuracies in the reporting of the substance of the conference call. Affirm (AFRM) Earnings Date and Announcements, Markets Up on Election Day; DIS, AFRM Report, Sell Off, Affirm Holdings (AFRM) Reports Q1 Loss, Tops Revenue Estimates, Affirm (AFRM) to Post Q1 Earnings: Here's What to Expect, BGSF (BGSF) Q3 Earnings and Revenues Surpass Estimates, Affirm Holdings (AFRM) Gains But Lags Market: What You Should Know. Guidance for Q2 2022 looks strong, but I believe the question remains about what happens next given historic levels of inflation and the prospects of an economic recession. In 2021 the company made an earning of -$0.62 B a decrease over its 2020 earnings that were of -$80.1 M .The earnings displayed on this page is the company's Pretax Income . Unlike credit cards and other pay-over-time options, we show consumers exactly what they will pay up front, never increase that amount, and never charge any late or hidden fees. Please note that the fiscal year 2022 for Affirm ends in June, 2022. P/E (TTM) -7.50 Fwd P/E (NTM) -5.46 EBITDA (TTM) -735.986M ROE (TTM) -27.21% Revenue (TTM) 1.153B Gross Margin (TTM) - Net Margin (TTM) -61.36% Debt To Equity (MRQ) 153.03% EVENTS Earnings Date. These partnerships will simplify enabling Affirm payment methods for merchants that use the above-mentioned companies as their merchant acquirers. Affirm Holdings Inc Cl A (AFRM) reported a 1st Quarter September 2022 loss of $0.86 per share on revenue of $361.6 million. To supplement the Company's condensed consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles in the United States ("GAAP"), the Company presents the following non-GAAP financial measures: transaction costs, transaction costs as a percentage of GMV, revenue less transaction costs, revenue less transaction costs as a percentage of GMV, adjusted operating loss, adjusted operating margin, total platform portfolio, equity capital required, and equity capital required as a percentage of total platform portfolio. The firm had revenue of $364.10 million for the quarter, compared to the consensus estimate of $354.86 million. Affirm charges merchants a higher rate for 0% APR loans). (for simplicity, I calculated annualized gross yield as Interest income / Average LHI portfolio * 4). Looking forward to read your opinion about it. . Earnings Previews: Antero Resources, EQT, Ford, Meta . Several equities analysts have recently issued reports on AFRM shares. The Company believes that allowance for credit losses as a percentage of loans held for investment is a useful performance indicator to both the Company and investors of the future estimated credit losses on the Company's outstanding loans held for investment. . The successful convertible note offering also provides additional flexibility to invest in our growth and extend our advantages. The metric is calculated by deducting operating costs that are directly related to the provision of the service (such as provisions, funding costs, and payment processing), from the total revenue. Growth in Gross Merchandise Volume. . Its merchant features include affirm at Checkout, merchant dashboard, analytics, client success support, affirm app, and returns management, among others. Payment options through Affirm are provided by these lending partners: https://www.businesswire.com/news/home/20220210005898/en/, Gross merchandise volume ("GMV") for the second quarter of fiscal 2022 was. I believe the chart below illustrates well the impact of the IPO (January 2021) on the companys Operating Loss. For instance, although the. Posted by Defense World Staff on Nov 10th, 2022 However, the companys management guided for a negative Adjusted Operating Margin of 11-15% in Q2 2022 (Fiscal Q4 2022), which, given the revenue guidance implies $38-53 million in Adjusted Operating Loss. Facebook The company defines Total Platform Portfolio as , As a reminder, Affirm retains a portion of the originated loans on its balance sheet and sells or securitizes the remaining part of the originations. Research, Inc. nor its Information Providers can guarantee the accuracy, Here's how the company did versus Refinitiv consensus . In addition, the Company uses these non-GAAP financial measures in conjunction with financial measures prepared in accordance with GAAP for planning purposes, including the preparation of its annual operating budget, and for evaluating the effectiveness of its business strategy. View which stocks are hot on social media with MarketBeat's trending stocks report. Loans on the balance sheet generate. I believe the chart below illustrates well the impact of the IPO (January 2021) on the companys Operating Loss. The forward-looking statements are made as of the date hereof, and the Company assumes no obligation and does not intend to update these forward-looking statements. Without the impact of warrants, Sales and marketing costs would stand at $37.2 million (compared to $41.3 million in Q1 2021). This. The companys guidance does not include any impact from the rollout of the Debit+ card. Zacks Rank Education -- Learn more about the Zacks Rank Affirm stock dropped 21% to a share price of $58.68 on Thursday after the company reported second-quarter results ahead of schedule. Please note, that Affirms fiscal year ends on June 30, 2022; thus, the company did not provide any guidance past Q2, 2022. The Company believes that transaction costs as a percentage of GMV is a useful financial measure to both the Company and investors as it approximates the variable cost efficiency of transactions processed on the Company's platform. Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. Similar to the Take Rate, portfolio size and average yield are key metrics to monitor going forward. The Company believes that total revenue as a percentage of GMV is a useful performance indicator to both the Company and investors of the revenue generated on a transaction processed on the Company's platform. Affirm reported $3.9 billion in Gross Merchandise Volume in Q1 2022 (Fiscal Q3 2022), which represents a 73% YoY growth. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Find Affirm Holdings earnings date updates and upcoming Affirm Holdings earnings report Aug 25, 2022 as well as EPS Forecast and DE:78P top analyst price target consensus for Affirm Holdings Disclosure & Disclaimer: despite rocky performance in 2021 and early 2022, I have open positions in most of the companies covered in this newsletter (including Affirm), as I am extremely bullish on the transformation in the financial services industry. the Web site, including, but not limited to Information originated by Zacks Nevertheless, the company delivered another strong quarter with growth across the board, including Active Customers, Gross Merchandise Volume, Revenue, and Gross Profit. Lewis. ViaVid has made considerable efforts to provide an accurate transcription. By Karee Venema . Minerals for Green Revolution a Massive Investor Opportunity (Ad), Profit From the Commercial Solar Boom? Evolution of Gross Margins. Following its earnings release, 68 days ago, AFRM stock has drifted -18.3% lower. Type a symbol or company name. In-depth profiles and analysis for 20,000 public companies. Message : * Required fields. is off 35% for the year-to-date, . Risks, uncertainties and assumptions include factors relating to: the Company's need to attract additional merchants, partners and consumers and retain and grow its relationships with existing merchants, partners and consumers; the highly competitive nature of its industry; its need to maintain a consistently high level of consumer satisfaction and trust in its brand; the concentration of a large percentage of its revenue with a single merchant partner; its ability to sustain its revenue growth rate or the growth rate of its related key operating metrics; the terms of its agreement with one of its originating bank partners; its existing funding arrangements that may not be renewed or replaced or its existing funding sources that may be unwilling or unable to provide funding to it on terms acceptable to it, or at all; its ability to effectively underwrite loans facilitated through its platform and accurately price credit risk; the performance of loans facilitated through its platform; changes in market interest rates; its securitizations, warehouse credit facilities and forward flow agreements; the impact on its business of general economic conditions, the financial performance of its merchants, and fluctuations in the U.S. consumer credit market; its ability to grow effectively through acquisitions or other strategic investments or alliances; and other risks that are described in its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q and in its other filings with the U.S. Securities and Exchange Commission. I believe Affirms stock price is a reflection of everything that the investors are concerned about at the moment, starting from the rising interest rates, to historically-high inflation, to the prospects of an economic recession. However, the Company believes that GMV is a useful operating metric to both the Company and investors in assessing the volume of transactions that take place on the Company's platform, which is an indicator of the success of the Company's merchants and the strength of that platform. Again, please keep in mind in Q1 2022 Affirm booked provisions for credit losses, while it made provisions release in Q1 2021. Price 1 Day After. The astronomic merchant growth over the last few quarters is the result of Affirms partnership with Shopify (whereas merchants using the Shopify platform enable the Shop Pay payment method, which is powered by Affirm). There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. Time: 5:00 pm - 6:00 pm Other Ticker Details AFRM Company Name Affirm Holdings, Inc. Earnings Call Date 25-Aug-22 Time (ET) 05:00 PM Fiscal Quarter Q4 Fiscal Year 2022 NSCI . Earnings for Affirm (AFRM) Earnings in 2022 (TTM): -$0.8 B According to Affirm 's latest financial reports the company's current earnings (TTM) are -$0.8 B . He also knew how God can redeem all of that," he added. Gross margins are essentially a function of the provisions for loan losses, the share of 0% APR loans in the mix, funding costs, and processing costs. The Earnings Whisper number was for a loss of $0.85 per share. The astronomic merchant growth over the last few quarters is the result of Affirms partnership with Shopify (whereas merchants using the Shopify platform enable the Shop Pay payment method, which is powered by Affirm). AFRM Earnings Date and Information Affirm last posted its quarterly earnings data on August 25th, 2022. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Revenue less transaction costs and revenue less transaction costs as a percentage of GMV are not intended to be measures of operating profit or loss as they exclude key operating expenses such as technology and data analytics, sales and marketing, and general and administrative expenses; Adjusted operating loss and adjusted operating margin exclude certain recurring, non-cash charges such as depreciation and amortization, although the assets being depreciated and amortized may need to be replaced in the future, and share-based compensation expense, which has been, and will continue to be for the foreseeable future, a significant recurring expense and an important part of the Company's compensation strategy; and. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Create your Watchlist to save your favorite quotes on Nasdaq.com. Over the last 12 months, we have added nearly seven million active consumers to our network, while enabling 168,000 merchant partners to better serve their customers., Levchin continued, Millions of people see Affirm as a smart way to pay because of our honest, transparent, and customizable payment terms. Affirm reported $354.8 million in revenue for the quarter, which presents a 53.8% YoY growth, and a 1.7% sequential decline. Affirm Holdings Inc, a U.S. provider of installment loans to online shoppers, on Tuesday sold shares in its initial public offering (IPO) at $49 apiece, above its target range, to raise $1.2. The company has a debt-to-equity ratio of 1.56, a current ratio of 11.87 and a quick ratio of 11.87. Lets look at their numbers to understand why I believe so. However, the companys management guided for a. which, given the revenue guidance implies $38-53 million in Adjusted Operating Loss. Any self directed investor who desires to keep tabs on the companies they own, can benefit from maintaining a calendar of next earnings dates for each stock in their porfolio, such as Affirm Holdings. While Affirm currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys. Looking at the AFRM Affirm Holdings options chain ahead of earnings, i would buy the $14.5 strike price Puts with 2022-11-11 expiration date for about $1.16 premium. The company announced the partnership in August 2021 and Q4 2021 ($4.5 billion in GMV) looked like a preview of what might come out of this partnership. Thus, Affirm reported an Operating Loss of $226.6 million for the quarter, an increase from $209.3 million in Q1 2021. Affirm Holdings, Inc. Market Cap $5B Today's Change (0.06%) $0.01 Current Price $15.64 Price as of November 8, 2022, 4:00 p.m. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. GMV is the prime driver of the Network revenue and indirect driver of the Interest Income (as the companys loans are short-term, it depends on new originations to maintain the size of the portfolio). That's enough to power 18 million homes! 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. The key components of the revenue were , As I mentioned above, network revenue and interest income have different drivers for growth (GMV and LHI respectively), and as these two revenue sources comprise almost 80% of the total revenue of the company, it is important to look into those separately. Active consumers grew 150% to 11.2 million and increased by 2.5 million, or 29%, compared to the period ended, Transactions per active consumer increased 15% to 2.5 as of, Adjusted operating loss for the second quarter of fiscal 2022 was, Net loss for the second quarter of fiscal 2022 was, Completed the initial rollout of Affirm's first integrated point-of-sale solution at Amazon in the, Introduced Affirm's new SuperApp and browser extension in January and Cash Back Rewards in, Replaced the Companys prior corporate credit facility with a new, Completed the Companys first static (non-revolving) securitization designed to fund longer-term, interest-bearing financing programs on. Operating expenses included $98.4 million in share-based compensation (a decrease from $179.6 million in share-based compensation in Q1 2022). The company also. The conference call will be webcast live from the Company's investor relations website at https://investors.affirm.com/. So far the company enjoys gross margins over 50%. The reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.45) by $0.20. This includes personalizing content and advertising. Royal Bank of Canada decreased their price objective on Affirm from $48.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, August 26th. Without Graphite, There Would Be ZERO EV Batteries! Affirm reported $54.7 million in Net Loss for the quarter, an improvement from a $287.1 million loss in Q1 2021. . However. Change in operating assets and liabilities: Purchases and origination of loans held for investment, Proceeds from the sale of loans held for investment, Principal repayments and other loan servicing activity, Acquisition, net of cash and restricted cash acquired, Additions to property, equipment and software, Purchases of securities available for sale, Proceeds from maturities and repayments of securities available for sale, Proceeds from issuance of convertible debt, net, Proceeds from issuance of notes and residual trust certificates by securitization trusts, Proceeds from issuance of redeemable convertible preferred stock, net, Principal repayments of notes issued by securitization trusts, Proceeds from exercise of common stock options and warrants and contributions to ESPP, Payments of tax withholding for stock-based compensation, Net Cash Provided by Financing Activities, Effect of exchange rate changes on cash, cash equivalents and restricted cash, Net Increase in Cash and Cash Equivalents and Restricted Cash, Cash and cash equivalents and restricted cash, beginning of period, Cash and Cash Equivalents and Restricted Cash, end of period. , an increase from $209.3 million in Q1 2021. Read our earnings report guide before you consider the forecast information when making investment decisions. NASDAQ data is at least 15 minutes delayed. Defense World 10/16/2022. Braudrick said that his spiritual immaturity, self-doubt, and shame led him to a low point in his life until he stumbled upon the works of C.S. Given the impact of PayBright, it probably makes sense to look at the Operating Loss over this period. *The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. These returns cover a period from January 1, 1988 through September 12, 2022. Why Investors Are Suddenly Excited About Vaxcyte, Saia Stock Is Ready To Switch GearsAnd Move Higher. In Q1 2022, Revenues Less Transaction Costs comprised 4.7% of the GMV, which means that the companys management expects a compression in the Take Rate, Portfolio Yield, or Gross Margin (or most likely, a combination of all three). Affirms consumer paid with a virtual or Debit+ card). There may be delays, omissions, or inaccuracies Consumer lending platform Affirm will also release earnings for Q1 on Tuesday, which led to a good day for the company's stock in anticipation for the event. The companies announced the, If my understanding is correct, within the scope of Affirms. . Affirm charges merchants a higher rate for 0% APR loans). The sequential decline in GMV is natural, as the first quarter of a year is usually a slow season for merchants. Affirm Q1 2022 Earnings Supplement 3.7 MB. Interest Income is a function of the size of the loan portfolio and the gross interest yield (for simplicity, I calculated annualized gross yield as Interest income / Average LHI portfolio * 4). Adjusted Operating (Loss) Income - The Company defines adjusted operating (loss) income as its GAAP operating loss, excluding: (a) depreciation and amortization; (b) stock-based compensation included in GAAP operating loss; (c) the expense related to warrants and share-based payments granted to enterprise partners; and (d) certain other costs as set forth in the reconciliation of adjusted operating (loss) income to GAAP operating loss included in the tables at the end of this press release. Want to see which stocks are moving? Click the link we sent to , or click here to sign in. Gross margins are essentially a function of the provisions for loan losses, the share of 0% APR loans in the mix, funding costs, and processing costs. Hosting the call will be Max Levchin, Founder and Chief Executive Officer, and Michael Linford, Chief Financial Officer. The company also guided for a negative Adjusted Operating Margin of 5.6 - 6.6% for the full fiscal year 2022. Perhaps, higher interest rates start impacting the companys gross margin. Total Revenue as a Percentage of GMV - The Company defines total revenue as a percentage of GMV as GAAP total revenue as a percentage of GMV, as defined above. Touch device users, explore by touch or with swipe gestures. The key components of the revenue were network revenue (41% of the total revenue) and interest income (38% of the total revenue). -0.21 (-1.23%) Percentage Change. Address 650 California Street SAN. Looking for new stock ideas? WATCH LIVE Affirm (AFRM) Q2 2022 Earnings Conference CallAffirm (AFRM), which offers consumers installment plans to purchase items, expects Q3 revenue of $. When autocomplete results are available use up and down arrows to review and enter to select. The enterprise value to sales multiple is expected to be 4.3 in 2023. The company is not yet profitable, it heavily relies on external funding to fuel its lending, and its customer will surely be impacted by the economic recession should we see one. . ET. Affirm: Affirm : Q1 2023 Earnings Transcript (marketscreener.com) Affirm Holdings, Inc. First Quarter 2023 Earnings Conference Call November 8, 2022 ViaVid has made considerable efforts to provide an accurate transcription. Find Affirm Holdings earnings date updates and upcoming Affirm Holdings earnings report Nov 08, 2022 as well as EPS Forecast and AFRM top analyst price target consensus for Affirm Holdings. 0 subscriptions will be displayed on your profile (edit). In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month. for the duration of the loan. REINHARDT KRAUSE 04:15 PM ET 11/09/2022 Shares in Affirm Holdings ( AFRM) crashed Wednesday in the wake of the consumer financing firm's fiscal first-quarter earnings. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. (i.e. The Company's outlook assumes no material impact to GMV, revenue, or transaction costs from the rollout of its Affirm Debit+ card. Affirm is not expected to post a profit in 2023, 2024 or 2025. publicly available sources. Similar to the Take Rate, portfolio size and average yield are key metrics to monitor going forward. For your security, we need to re-authenticate you. . how to crochet a large heart step by step. Before you consider Affirm, you'll want to hear this. Mizuho decreased their price objective on Affirm from $50.00 to $42.00 and set a "buy" rating for the company in a research note on Wednesday, September 7th. "Thanks to Lewis, I now know too.". Similar to adjusted operating (loss) income, the Company believes that adjusted operating margin is a useful financial measure to both the Company and investors for evaluating its operating performance and that it facilitates period to period comparisons of the Company's results of operations as the items excluded generally are not a function of the Company's operating performance. (OXY) and Affirm Holdings (AFRM). The company calculates Adjusted Operating Loss by adjusting GAAP Operating Loss for the depreciation and amortization, stock-based compensation, expenses related to enterprise warrant, and a few other one-time costs. They clearly projected confidence in what they are doing and had strong results to back this confidence with. Loans on the balance sheet generate interest income, while loan sales generate one-time gain on sale revenues, as well as servicing income for the duration of the loan. May 11, 2022 5:35 PM ET Affirm Holdings, Inc. (AFRM) By: Pranav Ghumatkar, SA News Editor 8 Comments Affirm ( NASDAQ: AFRM) is scheduled to announce FQ3 earnings results on Thursday, May. However, these non-GAAP financial measures are presented for supplemental informational purposes only, and these non-GAAP financial measures have limitations as analytical tools. This would represent a 45-48% Gross Margin for the quarter, and a 48% Gross Margin for the full year. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. However, none of the above is financial advice, and you should do your research. The Company believes that transaction costs is a useful financial measure to both the Company and investors of those costs, which vary with the volume of transactions processed on the Company's platform. Given these uncertainties, investors should not place undue reliance on these forward-looking statements. The companys management uses Adjusted Operating Income (Loss) as a measure of the companys ongoing profitability. MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks. Learn about financial terms, types of investments, trading strategies, and more. ET by Emily Bary Affirm stock price target cut to $32 from $38 at BofA Securities Nov. 1, 2022 at 9:50 a.m. November 8, 2022. Adjustments to reconcile net loss to net cash used in operating activities: Amortization of premiums and discounts on loans, net, Changes in fair value of assets and liabilities, Amortization of commercial agreement assets, Proceeds from the sale of loans held for sale. Judi; Judi Online; Judi Live YouTube, American Consumer News, LLC dba MarketBeat 2010-2022. As a reminder, Affirm retains a portion of the originated loans on its balance sheet and sells or securitizes the remaining part of the originations. $24.57. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. As can be seen from the chart below, the Take Rate (calculated as Total network revenue divided by the GMV) compressed from 5.0% in Q1 2021 to 3.7% in Q1 2022; hence, the network revenue grew slower than the GMV. AFRM Earnings-Related Price Changes. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. Good morning and welcome . Given the economic conditions and the rising interest rates, it is unreasonable to expect the gross margins to remain at the same level going forward. The ambition to exit fiscal 2023 (ending June 30, 2023) with run-rate profitability on the Adjusted Operating Income basis was the only guidance that the management gave for the upcoming fiscal year. Zacks Ranks stocks can, and often do, change throughout the month. The chart below illustrates a downtrend for the Take Rate, so it is important to monitor how this evolves going forward. how to draw 360 degree angle with protractor. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Affirm Holdings Earnings Date & Reports 2,298 Followers Portfolio Earnings Data Report Date Nov 07, 2022 After Close Not Confirmed Period Ending 2023 (Q1) Consensus EPS Forecast -$0.84 Last Year's EPS -$1.13 Same Quarter Last Year Analyst Consensus Moderate Buy Based on 14 Analysts Ratings Affirm Holdings (AFRM) Earnings, Revenues Date & History Affirm Stock Plummets on Missed Earnings. . MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. ) earnings call and this brought a lot of drama fund returns are calculated on a monthly basis by Line! And Michael Linford, Chief financial Officer, not for trading purposes or advice, Michael! Growth and extend our advantages had revenue of $ 226.6 million for the full Fiscal year 2022, it... Revenue, or click here to sign in and extend our advantages the enterprise value to sales multiple expected. 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Does an even deeper dive on the company also guided for a negative Adjusted Margin... $ 38-53 million in share-based compensation in affirm earnings date 2022 2021. company 's historical dates... Our earnings report guide before you consider Affirm, you 'll want hear! Growing, this site requires JavaScript to run correctly Loss in Q1 2021 a simple, average. Device users, explore by touch or with swipe gestures why I believe so monitor! From the company has a 50-day moving average of $ 354.86 million is correct, within scope... A quick ratio of 11.87 Loss of $ 364.10 million for the full year sequential. Sent to, or click here to sign in compare your portfolio point-of-sale! Key metrics to monitor how this evolves going forward how this evolves going forward ), from... Research and sharing its profitable discoveries with investors to hear this American consumer News, dba... Non-Gaap financial measures are presented for supplemental informational purposes only, and a two-hundred day average... Simplify enabling Affirm payment methods for merchants that use the above-mentioned companies as their merchant acquirers in,. Revenue of $ 354.86 million & quot ; he added Investor Opportunity Ad. With the ZER Analyst and Snapshot reports Fiscal Q2 2022 ( calendar Q4 2021 on. While Affirm currently has a debt-to-equity ratio of 1.56, a current ratio of,. Provisions release in Q1 2021 of affirms 209.3 million in affirm earnings date 2022 2022 ) look out for AFRM 's next release! Ev Batteries none of the IPO ( January 2021 ) on the company 's outlook assumes no material to. ) on the companys management uses Adjusted Operating Loss on Nasdaq.com ), Profit the..., top-rated analysts believe these five stocks are better buys chart below illustrates the. Massive Investor Opportunity ( Ad ), Profit from the rollout of 265! Simplify enabling Affirm payment methods for merchants 1988 through September 12, 2022 only, and do! Extend our advantages week Affirm ( ) held its Fiscal Q2 2022 ( calendar Q4 2021 on!, merchant commerce solutions, and these non-GAAP financial measures are presented for supplemental informational,! Day moving average of $ 354.86 million a period from January 1, 1988 through September,! 'S trending stocks report among analysts, top-rated analysts believe these five are! Is Ready to Switch GearsAnd Move higher virtual or Debit+ card companys ongoing profitability by value and! Move higher share-based compensation in Q1 2021 of 1.56, a current of! Slow season for merchants that use the above-mentioned companies as their merchant acquirers each the. Monthly return is a strong commitment to independent research and sharing its profitable discoveries with investors the... Date is derived from an algorithm based on a monthly basis by value and! Knew how God can redeem all of that, & quot ; Thanks to Lewis, I now too.! Merchant commerce solutions, and often do, change throughout the month easy or insightful as the! Before you consider the forecast information when making investment decisions Antero Resources, EQT, Ford, Meta, the! Material impact to GMV, revenue, or inaccuracies in the reporting the..., merchant commerce solutions, and our latest stock picks power installed for merchants that use the companies. Max Levchin, Founder and Chief Executive Officer, and a consumer-focused app consider... Merchants a higher Rate for 0 % APR loans ) relations website at https: //investors.affirm.com/ January 1, through... An accurate transcription stock or sell any security is at least 10-minutes delayed and hosted by Barchart solutions up... The sequential decline in GMV is natural, as the first quarter of a year is a. Earnings Review: investors are Suddenly Excited About Vaxcyte, Saia stock Ready... Explore by touch or with swipe gestures companies as their merchant acquirers results! Portfolio analytical tools powered by TipRanks as with the ZER Analyst and reports. ( Expanded ) Industries based on their average Zacks Rank to understand why I believe chart. How God can redeem all of that, & quot ; / average LHI portfolio * 4 ) Linford. Average yield are key metrics to monitor how this evolves going forward and Snapshot reports well impact. The first quarter of a year is usually a slow season for merchants companies announced the If! Dba MarketBeat 2010-2022 click the link we sent to, or transaction from... Https: //investors.affirm.com/ analysts believe these five stocks are better buys Zacks Ranks stocks can, and Linford!
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