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 $64.90, moving -4.4% from the previous trading session. This change lagged the S&P 500's daily gain of 0.44%. Elsewhere, the Dow saw an upswing of 0.14%, while the tech-heavy Nasdaq appreciated by 0.7%.
Coming into today, shares of the company had lost 1.39% in the past month. In that same time, the Finance sector gained 3.79%, while the S&P 500 gained 4.03%.
Investors will be eagerly watching for the performance of Upstart Holdings, Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.42, showcasing a 800% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $281.02 million, indicating a 73.32% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.66 per share and revenue of $963.44 million, which would represent changes of +930% and +51.36%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Upstart Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Upstart Holdings, Inc. presently features a Zacks Rank of #2 (Buy).
Digging into valuation, Upstart Holdings, Inc. currently has a Forward P/E ratio of 40.9. This indicates a premium in contrast to its industry's Forward P/E of 13.4.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 29% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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 $64.90, moving -4.4% from the previous trading session. This change lagged the S&P 500's daily gain of 0.44%. Elsewhere, the Dow saw an upswing of 0.14%, while the tech-heavy Nasdaq appreciated by 0.7%.
Coming into today, shares of the company had lost 1.39% in the past month. In that same time, the Finance sector gained 3.79%, while the S&P 500 gained 4.03%.
Investors will be eagerly watching for the performance of Upstart Holdings, Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.42, showcasing a 800% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $281.02 million, indicating a 73.32% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.66 per share and revenue of $963.44 million, which would represent changes of +930% and +51.36%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Upstart Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Upstart Holdings, Inc. presently features a Zacks Rank of #2 (Buy).
Digging into valuation, Upstart Holdings, Inc. currently has a Forward P/E ratio of 40.9. This indicates a premium in contrast to its industry's Forward P/E of 13.4.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 29% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.