See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Opendoor Technologies Inc. (OPEN) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Opendoor Technologies Inc. (OPEN) - free report >>
Image: Bigstock
Is a Beat in the Cards for Affirm (AFRM) in Q1 Earnings?
Affirm Holdings, Inc. (AFRM - Free Report) 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
Affirm Holdings, Inc. price-eps-surprise | Affirm Holdings, Inc. Quote
Other Stocks to Consider
Here are a few other stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these too have the right combination of elements to beat on third-quarter 2021 earnings:
Opendoor Technologies (OPEN - Free Report) has an Earnings ESP of +38.89% and a Zacks Rank #2.You can see the complete list of today’s Zacks #1 Rank stocks here.
SoFi Technologies (SOFI - Free Report) has an Earnings ESP of +64.71% and a Zacks Rank #3.
SailPoint Technologies has an Earnings ESP of +4.55% and a Zacks Rank #3.