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Upstart Holdings, Inc. (UPST) Stock Slides as Market Rises: Facts to Know Before You Trade
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In the latest close session, Upstart Holdings, Inc. (UPST - Free Report) was down 1.74% at $51.96. This move lagged the S&P 500's daily gain of 0.01%. Elsewhere, the Dow gained 0.51%, while the tech-heavy Nasdaq lost 0.28%.
The stock of company has fallen by 19.72% in the past month, lagging the Finance sector's gain of 1.42% and the S&P 500's gain of 4.83%.
The upcoming earnings release of Upstart Holdings, Inc. will be of great interest to investors. The company is expected to report EPS of $0.42, up 800% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $281.02 million, up 73.32% from the prior-year quarter.
UPST's full-year Zacks Consensus Estimates are calling for earnings of $1.66 per share and revenue of $963.44 million. These results would represent year-over-year changes of +930% and +51.36%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Upstart Holdings, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, the Zacks Consensus EPS estimate remained stagnant. Right now, Upstart Holdings, Inc. possesses a Zacks Rank of #2 (Buy).
From a valuation perspective, Upstart Holdings, Inc. is currently exchanging hands at a Forward P/E ratio of 31.85. This valuation marks a premium compared to its industry average Forward P/E of 13.24.
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 81, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
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Upstart Holdings, Inc. (UPST) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest close session, Upstart Holdings, Inc. (UPST - Free Report) was down 1.74% at $51.96. This move lagged the S&P 500's daily gain of 0.01%. Elsewhere, the Dow gained 0.51%, while the tech-heavy Nasdaq lost 0.28%.
The stock of company has fallen by 19.72% in the past month, lagging the Finance sector's gain of 1.42% and the S&P 500's gain of 4.83%.
The upcoming earnings release of Upstart Holdings, Inc. will be of great interest to investors. The company is expected to report EPS of $0.42, up 800% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $281.02 million, up 73.32% from the prior-year quarter.
UPST's full-year Zacks Consensus Estimates are calling for earnings of $1.66 per share and revenue of $963.44 million. These results would represent year-over-year changes of +930% and +51.36%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Upstart Holdings, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, the Zacks Consensus EPS estimate remained stagnant. Right now, Upstart Holdings, Inc. possesses a Zacks Rank of #2 (Buy).
From a valuation perspective, Upstart Holdings, Inc. is currently exchanging hands at a Forward P/E ratio of 31.85. This valuation marks a premium compared to its industry average Forward P/E of 13.24.
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 81, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 follow all of these stock-moving metrics, and many more, on Zacks.com.