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Affirm Shares Explode Over 30% on Raised Guidance, Analyst Remains Bullish

Shares of Affirm Holdings (NASDAQ:AFRM) are up more than 30% in premarket trading Friday after the company hiked its FY revenue forecast. The fintech company reported a Q3 loss...
Affirm Shares Explode Over 30% on Raised Guidance, Analyst Remains Bullish © Reuters. Affirm (AFRM) Shares Explode Over 30% on Raised Guidance, Analyst Remains Bullish

Shares of Affirm Holdings (NASDAQ:AFRM) are up more than 30% in premarket trading Friday after the company hiked its FY revenue forecast.

The fintech company reported a Q3 loss per share of 19c, compared to a loss per share of $1.06 in the same period last year. Revenue came in at $354.8 million in the quarter, up 54% YoY and above the consensus estimates of $344.3 million. The company reported a gross merchandise volume of $3.9 billion, while analysts were projecting $3.86 billion.

For the fourth quarter, AFRM expects revenue in the range of $345 million to $355 million, compared to the analyst consensus of $353.1 million. The company anticipates a gross merchandise volume in the range of $3.95 billion to $4.05 billion, compared to the analyst estimates of $3.95 billion.

Looking ahead to the full fiscal year performance, Affirm expects FY revenue in the range of $1.33 billion to $1.34 billion, up from the previous forecast of $1.31 billion, while analysts were expecting $1.33 billion.

Gross merchandise value for the full year is expected in the range of $15.04 billion to $15.14 billion, up from the previous guidance of $14.78 billion, and compared to the expected $15 billion.

Affirm said it agreed to a multi-year extension of its deals with Shopify (NYSE:SHOP) in the U.S, making the fintech company the exclusive pay-over-time provider for Shop Pay Installments.

“We plan to achieve a sustained profitability run rate on an adjusted operating income basis by July 1, 2023,” the company said.

BofA analyst Jason Kupferberg reiterated a Buy rating and a $77.00 per share price target on AFRM stock.

“After a major pullback in shares, AFRM’s F3Q print was a sight for sore eyes along multiple dimensions and should be well-received… We continue to see credit (where performance beat internal plan in F3Q) as manageable, while AFRM remains differentiated in the Buy Now Pay Later (BNPL) market,” the analyst said in a client note.

Truist Securities analyst Andrew W. Jeffrey also reiterated a Buy rating and said Affirm is doing a better job than competitors on BNPL. As such, the company is well-positioned to capture a significant share of the US consumer debit market.

By Senad Karaahmetovic

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18-05-2022 13:54:17 (UTC+7)

EUR/USD

1.0523

-0.0024 (-0.23%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (4)

EUR/USD

1.0523

-0.0024 (-0.23%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (4)

GBP/USD

1.2450

-0.0040 (-0.32%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (6)

Sell (2)

USD/JPY

129.26

-0.12 (-0.10%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

AUD/USD

0.7023

-0.0006 (-0.09%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (4)

Sell (5)

USD/CAD

1.2823

+0.0014 (+0.11%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (2)

EUR/JPY

136.02

-0.44 (-0.33%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

EUR/CHF

1.0476

-0.0001 (-0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

Gold Futures

1,808.45

-10.45 (-0.57%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (6)

Sell (1)

Silver Futures

21.558

-0.192 (-0.88%)

Summary

Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (5)

Copper Futures

4.2162

-0.0161 (-0.38%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Crude Oil WTI Futures

110.31

+0.68 (+0.62%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (8)

Sell (0)

Brent Oil Futures

112.20

+0.27 (+0.24%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

Natural Gas Futures

8.177

-0.137 (-1.65%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

US Coffee C Futures

228.63

+3.83 (+1.70%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (6)

Euro Stoxx 50

3,741.51

+56.17 (+1.52%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

S&P 500

4,088.85

+80.84 (+2.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

DAX

14,185.94

+221.56 (+1.59%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

FTSE 100

7,518.35

+53.55 (+0.72%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (1)

Hang Seng

20,605.00

+2.48 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

US Small Cap 2000

1,840.30

+56.87 (+3.19%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (5)

Sell (3)

IBEX 35

8,475.70

+122.00 (+1.46%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (11)

Sell (0)

BASF SE NA O.N.

50.690

+1.395 (+2.83%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Bayer AG NA

64.12

+0.91 (+1.44%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Allianz SE VNA O.N.

202.25

+3.43 (+1.73%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Adidas AG

183.30

+3.24 (+1.80%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

Deutsche Lufthansa AG

6.827

+0.131 (+1.96%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (2)

Siemens AG Class N

116.50

+2.90 (+2.55%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (1)

Deutsche Bank AG

9.538

+0.319 (+3.46%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

 EUR/USD1.0523Sell
 GBP/USD1.2450Neutral
 USD/JPY129.26↑ Buy
 AUD/USD0.7023Sell
 USD/CAD1.2823Buy
 EUR/JPY136.02↑ Buy
 EUR/CHF1.0476↑ Buy
 Gold1,808.45↑ Buy
 Silver21.558Sell
 Copper4.2162↑ Sell
 Crude Oil WTI110.31↑ Buy
 Brent Oil112.20↑ Buy
 Natural Gas8.177↑ Sell
 US Coffee C228.63Neutral
 Euro Stoxx 503,741.51↑ Buy
 S&P 5004,088.85↑ Buy
 DAX14,185.94↑ Buy
 FTSE 1007,518.35↑ Buy
 Hang Seng20,605.00↑ Buy
 Small Cap 20001,840.30Neutral
 IBEX 358,475.70↑ Buy
 BASF50.690↑ Buy
 Bayer64.12↑ Buy
 Allianz202.25↑ Buy
 Adidas183.30↑ Buy
 Lufthansa6.827Buy
 Siemens AG116.50↑ Buy
 Deutsche Bank AG9.538↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,825/ 6,925
(0/ 0) # 1,849
SJC HCM6,825/ 6,925
(0/ 0) # 1,851
SJC Hanoi6,825/ 6,927
(0/ 0) # 1,853
SJC Danang6,825/ 6,927
(0/ 0) # 1,853
SJC Nhatrang6,825/ 6,927
(0/ 0) # 1,853
SJC Cantho6,825/ 6,927
(0/ 0) # 1,853
Cập nhật 18-05-2022 13:54:19
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RON 95-V30.58031.190
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DO 0.05S26.65027.180
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Dầu hỏa 2-K25.16025.660
ↂ Giá dầu thô thế giới
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$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.955,0023.265,00
EUR23.783,5625.115,95
GBP28.150,0329.351,12
JPY173,94184,14
KRW15,7819,22
Cập nhật lúc 13:48:40 18/05/2022
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