Affirm Holdings (AFRM) Grows 12.6% Ahead of Q2 Earnings

We recently published 10 Stocks Surprise With Double-Digit Gains; 4 Hit Record Highs. Affirm Holdings, Inc. (NASDAQ:AFRM) is one of the companies that stood stronger last week.

Affirm Holdings saw its share prices increase by 12.62 percent on Monday to close at $74.79 apiece amid an overall market optimism and portfolio repositioning ahead of the release of its second-quarter earnings performance.

In an announcement last week, Affirm Holdings, Inc. (NASDAQ:AFRM) said that it is set to release the results of its financial and operating highlights after market close on August 28, to be followed by a conference call at 5 PM on the same day.

In a market note, Zacks Research expects Affirm Holdings, Inc. (NASDAQ:AFRM) to post $0.11 EPS for the current quarter, representing a year-on-year increase of 178.6 percent.

For the current fiscal year, the consensus earnings estimate of $0.05 points to a change of 103 percent from the prior year.

In recent news, Affirm Holdings, Inc. (NASDAQ:AFRM) announced a newly inked partnership with New Look Vision Group for the offer of installment payment options to the latter’s customers in Canada.

Under the agreement, approved Canadian shoppers can now opt to pay in installments through Affirm.

If approved, they can also choose the customized payment plan that best suits their needs.

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