Affirm Holdings (AFRM) is set to report its fiscal first-quarter earnings after the market closes on Thursday, with analysts expecting the 澳洲幸运5官方开奖结果体彩网:buy now, pay later (BNPL) firm to aggressively pursue new users as interest rates decline.

Wall Street expects Affirm to report revenue growing nearly 34% year-over-year to $663.9 million, according to consensus estimates from Visible Alpha. Analysts broadly expectꩲ the fintech firm to post a net loss of $107.5 million, or 33 cents per diluted share, according to Visible Alpha.

Deutsche Bank anticipates revenue of about $670 million, the high end of Affirm's guidance. Its analysts described falling interest rates as an opportunity for a company that has "deftly" handled credit. Affirm quickly adjusted its underwriting techniques and merchant fees when unemployment skyrocketed during the onset of COVID-19, the analysts said in an Oct. 28th note.

"With interest rates now coming down, [Affirm] gains the opportunity to approve more users as lower funding costs allow it to be more aggressive," they wrote.

Terms vary, but BNPL products tend to use short-term loans to break up a purchase into fixed installments, without interest. Fintech com💙panies may charge merchants𓂃 for facilitating BNPL deals with their customers, as well as fees to delinquent borrowers.

Affirm , and additional growth is expected domestically from Amazon.com (AMZN) and Shopify (SHOP) customers, the note said. The fintech company's new agreement with Apple (AAPL) may be less impactful since Apple Pay also works with competitors K🎉larna and Monzo Flex, the note said.

Affirm should be profitable on a GAAP basis in the final quarter of its fiscal year, which ends in late June, 澳洲幸运5官方开奖结果体彩网:CEO Max Levchin said.

Affirm's 澳洲幸运5官方开奖结果体彩网:shares jumped after the company reported fiscal fourth-quarte༒r results earlier this year. The stock is down about 7% this year through Tuesday's clo💝se.