We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Upstart Holdings, Inc. (UPST) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
Upstart Holdings, Inc. (UPST - Free Report) closed the most recent trading day at $96.05, moving +1.96% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.15%. Elsewhere, the Dow lost 0.38%, while the tech-heavy Nasdaq lost 0.05%.
Coming into today, shares of the company had lost 36.77% in the past month. In that same time, the Computer and Technology sector lost 14.1%, while the S&P 500 lost 7.66%.
Investors will be hoping for strength from Upstart Holdings, Inc. as it approaches its next earnings release, which is expected to be February 15, 2022. On that day, Upstart Holdings, Inc. is projected to report earnings of $0.49 per share, which would represent year-over-year growth of 600%. Our most recent consensus estimate is calling for quarterly revenue of $261.43 million, up 201.5% from the year-ago period.
Any recent changes to analyst estimates for Upstart Holdings, Inc. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 3.27% lower. Upstart Holdings, Inc. is currently sporting a Zacks Rank of #5 (Strong Sell).
Digging into valuation, Upstart Holdings, Inc. currently has a Forward P/E ratio of 46.52. Its industry sports an average Forward P/E of 24.4, so we one might conclude that Upstart Holdings, Inc. is trading at a premium comparatively.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 162, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Upstart Holdings, Inc. (UPST) Gains As Market Dips: What You Should Know
Upstart Holdings, Inc. (UPST - Free Report) closed the most recent trading day at $96.05, moving +1.96% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.15%. Elsewhere, the Dow lost 0.38%, while the tech-heavy Nasdaq lost 0.05%.
Coming into today, shares of the company had lost 36.77% in the past month. In that same time, the Computer and Technology sector lost 14.1%, while the S&P 500 lost 7.66%.
Investors will be hoping for strength from Upstart Holdings, Inc. as it approaches its next earnings release, which is expected to be February 15, 2022. On that day, Upstart Holdings, Inc. is projected to report earnings of $0.49 per share, which would represent year-over-year growth of 600%. Our most recent consensus estimate is calling for quarterly revenue of $261.43 million, up 201.5% from the year-ago period.
Any recent changes to analyst estimates for Upstart Holdings, Inc. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 3.27% lower. Upstart Holdings, Inc. is currently sporting a Zacks Rank of #5 (Strong Sell).
Digging into valuation, Upstart Holdings, Inc. currently has a Forward P/E ratio of 46.52. Its industry sports an average Forward P/E of 24.4, so we one might conclude that Upstart Holdings, Inc. is trading at a premium comparatively.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 162, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.