Affirm Holdings, Inc. shares are trading higher Friday after the company reported better-than-expected fourth quarter earnings per share and sales on Thursday after the market closed.
What To Know: Affirm reported earnings per share of 20 cents, beating the consensus estimate of 10 cents. In addition, the company reported sales of $876.41 million, beating the consensus estimate of $837.02 million.
Affirm reported revenue less transaction costs of $425 million and gross merchandise volume of $10.4 billion.
Q1 Outlook: The company sees sales from $855.00 million to $885.00 million, versus the consensus estimate of $860.55 million.
FY26 Outlook: Affirm expects sales of $3.86 billion, versus the consensus estimate of $3.18 billion.
Analyst Changes: Following the earnings report, multiple analysts issued price target adjustments.
- B of A Securities analyst Jason Kupferberg maintained a Buy rating on Affirm and raised the price target from $90 to $94.
- Evercore ISI Group analyst Adam Frisch maintained an Outperform rating on Affirm and raised the price target from $67 to $100.
- JMP Securities analyst David M. Scharf maintained an Outperform rating on Affirm and raised the price target from $75 to $105.
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AFRM Price Action: At the time of writing, Affirm shares are trading 11.9% higher at $89.56, according to data from Benzinga Pro.
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