Affirm Stock Sees Recent Gains Ahead of Earnings
Affirm Holdings (AFRM) has been a trending stock recently, capturing investor attention. Over the past four weeks, shares of Affirm Holdings have gained 10.9%, indicating a notable upward movement in its stock price. This recent performance comes as the company operates within the Internet - Software industry, an area that currently ranks in the top 30% of over 250 Zacks industries.
Analyst Sentiment and Industry Standing
The company currently holds a Zacks Rank #3 (Hold), reflecting a neutral outlook from Zacks. In a positive sign for future expectations, the Zacks Consensus Estimate for AFRM's full-year earnings has moved 1.4% higher over the past month. This adjustment suggests a slight improvement in analyst projections for the company's financial performance.
Upcoming Earnings Report
Investors are now looking ahead to Affirm's next financial update. The company is expected to report earnings on February 8, 2024. For the current quarter, the Zacks Consensus Estimate is set at -$0.74 per share, which would represent a year-over-year change of +29.5%. Looking at the full fiscal year, the consensus estimate stands at -$2.67 per share, indicating a year-over-year change of +24.7%. These figures will be key for investors assessing the company's trajectory.
