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Upstart Holdings, Inc. (UPST) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Upstart Holdings, Inc. (UPST - Free Report) closed at $46.53, marking a -1.84% move from the previous day. This change lagged the S&P 500's 0.1% loss on the day. At the same time, the Dow added 0.33%, and the tech-heavy Nasdaq lost 5.8%.
Prior to today's trading, shares of the company had gained 25.73% over the past month. This has outpaced the Computer and Technology sector's gain of 3.39% and the S&P 500's gain of 3.39% in that time.
Wall Street will be looking for positivity from Upstart Holdings, Inc. as it approaches its next earnings report date. This is expected to be August 8, 2023. In that report, analysts expect Upstart Holdings, Inc. to post earnings of -$0.05 per share. This would mark a year-over-year decline of 600%. Meanwhile, our latest consensus estimate is calling for revenue of $133.89 million, down 41.32% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.42 per share and revenue of $546.23 million. These totals would mark changes of -300% and -35.16%, respectively, from last year.
Any recent changes to analyst estimates for Upstart Holdings, Inc. should also be noted by investors. Recent revisions tend to reflect the latest 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Upstart Holdings, Inc. is currently a Zacks Rank #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 96, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow UPST in the coming trading sessions, be sure to utilize Zacks.com.
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Upstart Holdings, Inc. (UPST) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Upstart Holdings, Inc. (UPST - Free Report) closed at $46.53, marking a -1.84% move from the previous day. This change lagged the S&P 500's 0.1% loss on the day. At the same time, the Dow added 0.33%, and the tech-heavy Nasdaq lost 5.8%.
Prior to today's trading, shares of the company had gained 25.73% over the past month. This has outpaced the Computer and Technology sector's gain of 3.39% and the S&P 500's gain of 3.39% in that time.
Wall Street will be looking for positivity from Upstart Holdings, Inc. as it approaches its next earnings report date. This is expected to be August 8, 2023. In that report, analysts expect Upstart Holdings, Inc. to post earnings of -$0.05 per share. This would mark a year-over-year decline of 600%. Meanwhile, our latest consensus estimate is calling for revenue of $133.89 million, down 41.32% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.42 per share and revenue of $546.23 million. These totals would mark changes of -300% and -35.16%, respectively, from last year.
Any recent changes to analyst estimates for Upstart Holdings, Inc. should also be noted by investors. Recent revisions tend to reflect the latest 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Upstart Holdings, Inc. is currently a Zacks Rank #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 96, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow UPST in the coming trading sessions, be sure to utilize Zacks.com.