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.
Stay Ahead of the Game With Upstart (UPST) Q3 Earnings: Wall Street's Insights on Key Metrics
Read MoreHide Full Article
In its upcoming report, Upstart Holdings, Inc. (UPST - Free Report) is predicted by Wall Street analysts to post quarterly loss of $0.14 per share, reflecting a decline of 180% compared to the same period last year. Revenues are forecasted to be $149.94 million, representing a year-over-year increase of 11.4%.
Over the last 30 days, there has been a downward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Upstart metrics that Wall Street analysts commonly model and monitor.
Analysts forecast 'Revenue- Revenue from fees, net' to reach $155.07 million. The estimate points to a change of +5.7% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Revenue from fees, net- Platform and referral fees, net' reaching $121.69 million. The estimate points to a change of +8.2% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue- Revenue from fees, net- Servicing and other fees, net' should come in at $33.38 million. The estimate indicates a year-over-year change of -2.8%.
It is projected by analysts that the 'Transaction Volume' will reach $1.3 million. The estimate compares to the year-ago value of $1.22 million.
Shares of Upstart have experienced a change of +17.4% in the past month compared to the +0.4% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), UPST is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Stay Ahead of the Game With Upstart (UPST) Q3 Earnings: Wall Street's Insights on Key Metrics
In its upcoming report, Upstart Holdings, Inc. (UPST - Free Report) is predicted by Wall Street analysts to post quarterly loss of $0.14 per share, reflecting a decline of 180% compared to the same period last year. Revenues are forecasted to be $149.94 million, representing a year-over-year increase of 11.4%.
Over the last 30 days, there has been a downward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Upstart metrics that Wall Street analysts commonly model and monitor.
Analysts forecast 'Revenue- Revenue from fees, net' to reach $155.07 million. The estimate points to a change of +5.7% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Revenue from fees, net- Platform and referral fees, net' reaching $121.69 million. The estimate points to a change of +8.2% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue- Revenue from fees, net- Servicing and other fees, net' should come in at $33.38 million. The estimate indicates a year-over-year change of -2.8%.
It is projected by analysts that the 'Transaction Volume' will reach $1.3 million. The estimate compares to the year-ago value of $1.22 million.
View all Key Company Metrics for Upstart here>>>
Shares of Upstart have experienced a change of +17.4% in the past month compared to the +0.4% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), UPST is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>