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Upstart Holdings, Inc. (UPST) Gains As Market Dips: What You Should Know
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Upstart Holdings, Inc. (UPST - Free Report) closed at $18.14 in the latest trading session, marking a +0.83% move from the prior day. This move outpaced the S&P 500's daily loss of 0.02%. Meanwhile, the Dow gained 0.03%, and the Nasdaq, a tech-heavy index, added 5.44%.
Prior to today's trading, shares of the company had gained 45.08% over the past month. This has outpaced the Computer and Technology sector's gain of 11.1% and the S&P 500's gain of 4.57% in that time.
Upstart Holdings, Inc. will be looking to display strength as it nears its next earnings release, which is expected to be February 14, 2023. The company is expected to report EPS of -$0.48, down 153.93% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $133.29 million, down 56.28% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for Upstart Holdings, Inc.These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 16.34% lower. Upstart Holdings, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 151, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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Upstart Holdings, Inc. (UPST) Gains As Market Dips: What You Should Know
Upstart Holdings, Inc. (UPST - Free Report) closed at $18.14 in the latest trading session, marking a +0.83% move from the prior day. This move outpaced the S&P 500's daily loss of 0.02%. Meanwhile, the Dow gained 0.03%, and the Nasdaq, a tech-heavy index, added 5.44%.
Prior to today's trading, shares of the company had gained 45.08% over the past month. This has outpaced the Computer and Technology sector's gain of 11.1% and the S&P 500's gain of 4.57% in that time.
Upstart Holdings, Inc. will be looking to display strength as it nears its next earnings release, which is expected to be February 14, 2023. The company is expected to report EPS of -$0.48, down 153.93% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $133.29 million, down 56.28% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for Upstart Holdings, Inc.These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 16.34% lower. Upstart Holdings, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 151, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.