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) Stock Declines While Market Improves: Some Information for Investors
Read MoreHide Full Article
Upstart Holdings, Inc. (UPST - Free Report) closed the most recent trading day at $54.58, moving -5.7% from the previous trading session. This change lagged the S&P 500's daily gain of 0.38%. Meanwhile, the Dow gained 0.24%, and the Nasdaq, a tech-heavy index, added 0.24%.
The stock of company has risen by 12.78% in the past month, leading the Finance sector's gain of 2.88% and the S&P 500's gain of 6.6%.
The investment community will be closely monitoring the performance of Upstart Holdings, Inc. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.21, reflecting a 223.53% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $226.13 million, indicating a 77.18% upward movement from the same quarter last year.
UPST's full-year Zacks Consensus Estimates are calling for earnings of $1.46 per share and revenue of $1.01 billion. These results would represent year-over-year changes of +830% and +58.8%, respectively.
Any recent changes to analyst estimates for Upstart Holdings, Inc. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Upstart Holdings, Inc. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Upstart Holdings, Inc. is presently being traded at a Forward P/E ratio of 39.7. This signifies a premium in comparison to the average Forward P/E of 11.3 for its industry.
The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 135, placing it within the bottom 46% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Upstart Holdings, Inc. (UPST) Stock Declines While Market Improves: Some Information for Investors
Upstart Holdings, Inc. (UPST - Free Report) closed the most recent trading day at $54.58, moving -5.7% from the previous trading session. This change lagged the S&P 500's daily gain of 0.38%. Meanwhile, the Dow gained 0.24%, and the Nasdaq, a tech-heavy index, added 0.24%.
The stock of company has risen by 12.78% in the past month, leading the Finance sector's gain of 2.88% and the S&P 500's gain of 6.6%.
The investment community will be closely monitoring the performance of Upstart Holdings, Inc. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.21, reflecting a 223.53% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $226.13 million, indicating a 77.18% upward movement from the same quarter last year.
UPST's full-year Zacks Consensus Estimates are calling for earnings of $1.46 per share and revenue of $1.01 billion. These results would represent year-over-year changes of +830% and +58.8%, respectively.
Any recent changes to analyst estimates for Upstart Holdings, Inc. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Upstart Holdings, Inc. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Upstart Holdings, Inc. is presently being traded at a Forward P/E ratio of 39.7. This signifies a premium in comparison to the average Forward P/E of 11.3 for its industry.
The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 135, placing it within the bottom 46% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.