Affirm Holdings Inc AFRM.OQ reported quarterly adjusted earnings of 20 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -14 cents. The mean expectation of twenty one analysts for the quarter was for earnings of 11 cents per share. Wall Street expected results to range from 3 cents to 18 cents per share.
Revenue rose 33% to $876.42 million from a year ago; analysts expected $837.03 million.
Affirm Holdings Inc's reported EPS for the quarter was 20 cents.
The company reported quarterly net income of $69.24 million.
Affirm Holdings Inc shares had risen by 12.2% this quarter and gained 27.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 3.3% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell." The average consensus recommendation for the financial technology (fintech) peer group is also "buy"
Wall Street's median 12-month price target for Affirm Holdings Inc is $75.00, about 3.5% below its last closing price of $77.59
This summary was machine generated from LSEG data August 28 at 09:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)