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.
Affirm (AFRM) Partners With Hotels.com to Expand Payment Options
Read MoreHide Full Article
Affirm Holdings, Inc. (AFRM - Free Report) recently partnered with Hotels.com, which is owned by travel technology company Expedia Group, Inc. (EXPE - Free Report) . The move expands AFRM’s existing partnership with Expedia Group, which already offers Affirm’s buy now, pay later (BNPL) solutions on its platforms like Expedia and Vrbo.
This collaboration aims to provide Hotels.com guests with options to book accommodations and pay over time by dividing the total cost of their purchase into manageable payments. Given the strong recovery witnessed in travel and entertainment space in the post-pandemic period, this partnership is expected to address a growing demand. The deal is expected to contribute to an increase in Affirm's merchandise volume.
The collaboration integrates Hotels.com into Affirm's extensive network of 292,000 retail partners, which includes Amazon, SeatGeek, Royal Caribbean, Great Wolf Lodge and others. This strategic partnership is poised to enhance Hotels.com's sales and average order value. It is also expected to bring in new customers on its website.
This move is anticipated to enhance the customer experience by offering transparent terms without hidden or late fees. AFRM’s partnership with Hotels.com follows last week’s collaboration with auto repair technology company Tekmetric. Approved Tekmetric customers now can select the BNPL option in both online and in person auto repair services.
While consumer reliance on BNPL solutions and similar services increased during high inflation, future normalization of rates will reduce borrowing costs, potentially driving further growth in transactions and AFRM's service usage.
Price Performance
Over the past year, shares of Affirm have surged 99.3% compared with the 8.6% growth of the industry it belongs to.
The Zacks Consensus Estimate for Paysign’s current-year bottom line indicates 75% year-over-year growth. The consensus estimate for PAYS’ current-year top line is pegged at $58 million, suggesting 22.6% year-over-year growth.
The Zacks Consensus Estimate for Remitly Global’s current-year earnings indicates a 53.9% year-over-year improvement. RELY beat earnings estimates in two of the trailing four quarters and missed twice, with an average surprise of 8%. The consensus estimate for current-year revenues suggests 31.8% year-over-year growth.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Affirm (AFRM) Partners With Hotels.com to Expand Payment Options
Affirm Holdings, Inc. (AFRM - Free Report) recently partnered with Hotels.com, which is owned by travel technology company Expedia Group, Inc. (EXPE - Free Report) . The move expands AFRM’s existing partnership with Expedia Group, which already offers Affirm’s buy now, pay later (BNPL) solutions on its platforms like Expedia and Vrbo.
This collaboration aims to provide Hotels.com guests with options to book accommodations and pay over time by dividing the total cost of their purchase into manageable payments. Given the strong recovery witnessed in travel and entertainment space in the post-pandemic period, this partnership is expected to address a growing demand. The deal is expected to contribute to an increase in Affirm's merchandise volume.
The collaboration integrates Hotels.com into Affirm's extensive network of 292,000 retail partners, which includes Amazon, SeatGeek, Royal Caribbean, Great Wolf Lodge and others. This strategic partnership is poised to enhance Hotels.com's sales and average order value. It is also expected to bring in new customers on its website.
This move is anticipated to enhance the customer experience by offering transparent terms without hidden or late fees. AFRM’s partnership with Hotels.com follows last week’s collaboration with auto repair technology company Tekmetric. Approved Tekmetric customers now can select the BNPL option in both online and in person auto repair services.
While consumer reliance on BNPL solutions and similar services increased during high inflation, future normalization of rates will reduce borrowing costs, potentially driving further growth in transactions and AFRM's service usage.
Price Performance
Over the past year, shares of Affirm have surged 99.3% compared with the 8.6% growth of the industry it belongs to.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Affirm currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Business Services space are Paysign, Inc. (PAYS - Free Report) and Remitly Global, Inc. (RELY - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Paysign’s current-year bottom line indicates 75% year-over-year growth. The consensus estimate for PAYS’ current-year top line is pegged at $58 million, suggesting 22.6% year-over-year growth.
The Zacks Consensus Estimate for Remitly Global’s current-year earnings indicates a 53.9% year-over-year improvement. RELY beat earnings estimates in two of the trailing four quarters and missed twice, with an average surprise of 8%. The consensus estimate for current-year revenues suggests 31.8% year-over-year growth.