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Affirm Holdings (AFRM) Gains As Market Dips: What You Should Know
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Affirm Holdings (AFRM - Free Report) closed at $44.11 in the latest trading session, marking a +1.4% move from the prior day. This move outpaced the S&P 500's daily loss of 1.23%. Elsewhere, the Dow lost 1.29%, while the tech-heavy Nasdaq lost 0.14%.
Heading into today, shares of the operator of digital commerce platform had gained 19.47% over the past month, outpacing the Business Services sector's gain of 3.03% and the S&P 500's gain of 5.04% in that time.
Wall Street will be looking for positivity from Affirm Holdings as it approaches its next earnings report date. In that report, analysts expect Affirm Holdings to post earnings of -$0.56 per share. This would mark year-over-year growth of 22.22%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $331.64 million, up 43.77% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Affirm Holdings. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.09% higher. Affirm Holdings is holding a Zacks Rank of #4 (Sell) right now.
The Business - Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 241, putting it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Affirm Holdings (AFRM) Gains As Market Dips: What You Should Know
Affirm Holdings (AFRM - Free Report) closed at $44.11 in the latest trading session, marking a +1.4% move from the prior day. This move outpaced the S&P 500's daily loss of 1.23%. Elsewhere, the Dow lost 1.29%, while the tech-heavy Nasdaq lost 0.14%.
Heading into today, shares of the operator of digital commerce platform had gained 19.47% over the past month, outpacing the Business Services sector's gain of 3.03% and the S&P 500's gain of 5.04% in that time.
Wall Street will be looking for positivity from Affirm Holdings as it approaches its next earnings report date. In that report, analysts expect Affirm Holdings to post earnings of -$0.56 per share. This would mark year-over-year growth of 22.22%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $331.64 million, up 43.77% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Affirm Holdings. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.09% higher. Affirm Holdings is holding a Zacks Rank of #4 (Sell) right now.
The Business - Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 241, putting it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.