Affirm Q4 beats and lifts Q1 revenue guidance above estimates
Affirm reported Q4 EPS of $4.62 and revenue of $1.17B, beating the $1.11B consensus. It expects Q1 sales of $1.19B to $1.22B versus a $1.16B estimate, with shares up 11.2% premarket.
Affirm Holdings Inc (NASDAQ: AFRM ) on Thursday reported better-than-expected fourth-quarter financial results and issued first-quarter sales guidance above estimates.
Affirm reported quarterly earnings of $4.62 per share, according to Pro data.
Quarterly revenue came in at $1.17 billion, which beat the analyst consensus estimate of $1.11 billion and was up from $876.42 million in the same period last year.
Gross Merchandise Volume (GMV) was $11.6 billion, up 35% year-over-year. "We delivered another outstanding set of results this quarter, especially in the broader context of global economic uncertainty," said CEO Max Levchin.
Affirm expects first-quarter revenue in a range of $1.19 billion to $1.22 billion, versus the $1.16 billion analyst estimate.
Affirm shares rose 11.2% to $86.20 in pre-market trading These analysts made changes to their price targets on Affirm following earnings announcement.
Needham analyst Kyle Peterson maintained the stock with a Buy and raised the price target from $90 to $100.
B of A Securities analyst Matthew O’Neill maintained the stock with a Buy and raised the price target from $93 to $104.
Morgan Stanley analyst James Faucette maintained the stock with an Equal-Weight rating and raised the price target from $80 to $82.
BMO Capital analyst Rufus Hone maintained the stock with an Outperform rating and raised the price target from $86 to $101.
Considering buying AFRM stock? Here’s what analysts think: Photo via Shutterstock