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Insights Into Upstart (UPST) Q3: Wall Street Projections for Key Metrics
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Wall Street analysts forecast that Upstart Holdings, Inc. (UPST - Free Report) will report quarterly earnings of $0.42 per share in its upcoming release, pointing to a year-over-year increase of 800%. It is anticipated that revenues will amount to $281.02 million, exhibiting an increase of 73.3% compared to the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
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.
Bearing this in mind, let's now explore the average estimates of specific Upstart metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenue- Revenue from fees, net' of $275.62 million. The estimate indicates a year-over-year change of +87.8%.
According to the collective judgment of analysts, 'Revenue- Revenue from fees, net- Servicing and other fees, net' should come in at $46.11 million. The estimate indicates a year-over-year change of +38.1%.
Based on the collective assessment of analysts, 'Revenue- Revenue from fees, net- Platform and referral fees, net' should arrive at $230.22 million. The estimate indicates a change of +71.6% from the prior-year quarter.
The combined assessment of analysts suggests that 'Transaction Volume' will likely reach $3.20 million. Compared to the present estimate, the company reported $1.58 million in the same quarter last year.
Shares of Upstart have experienced a change of -8.6% in the past month compared to the +2.4% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), UPST is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Insights Into Upstart (UPST) Q3: Wall Street Projections for Key Metrics
Wall Street analysts forecast that Upstart Holdings, Inc. (UPST - Free Report) will report quarterly earnings of $0.42 per share in its upcoming release, pointing to a year-over-year increase of 800%. It is anticipated that revenues will amount to $281.02 million, exhibiting an increase of 73.3% compared to the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
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.
Bearing this in mind, let's now explore the average estimates of specific Upstart metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenue- Revenue from fees, net' of $275.62 million. The estimate indicates a year-over-year change of +87.8%.
According to the collective judgment of analysts, 'Revenue- Revenue from fees, net- Servicing and other fees, net' should come in at $46.11 million. The estimate indicates a year-over-year change of +38.1%.
Based on the collective assessment of analysts, 'Revenue- Revenue from fees, net- Platform and referral fees, net' should arrive at $230.22 million. The estimate indicates a change of +71.6% from the prior-year quarter.
The combined assessment of analysts suggests that 'Transaction Volume' will likely reach $3.20 million. Compared to the present estimate, the company reported $1.58 million in the same quarter last year.
View all Key Company Metrics for Upstart here>>>Shares of Upstart have experienced a change of -8.6% in the past month compared to the +2.4% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), UPST is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .