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Upstart Holdings, Inc. (UPST) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Upstart Holdings, Inc. (UPST - Free Report) closed at $27.47 in the latest trading session, marking a -2.45% move from the prior day. This change lagged the S&P 500's daily loss of 0.08%. Elsewhere, the Dow saw a downswing of 0.61%, while the tech-heavy Nasdaq appreciated by 0.08%.
Shares of the company have depreciated by 27.72% over the course of the past month, underperforming the Finance sector's loss of 5.6%, and the S&P 500's loss of 2.16%.
The investment community will be closely monitoring the performance of Upstart Holdings, Inc. in its forthcoming earnings report. The company's upcoming EPS is projected at $0.38, signifying a 26.67% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $290.01 million, reflecting a 35.92% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.37 per share and revenue of $1.4 billion, indicating changes of +36.21% and +34.52%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Upstart Holdings, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 35.17% lower. Upstart Holdings, Inc. currently has a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Upstart Holdings, Inc. is currently trading at a Forward P/E ratio of 11.91. Its industry sports an average Forward P/E of 10.57, so one might conclude that Upstart Holdings, Inc. is trading at a premium comparatively.
We can additionally observe that UPST currently boasts a PEG ratio of 0.29. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Financial - Miscellaneous Services industry held an average PEG ratio of 0.82.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 147, finds itself in the bottom 40% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.
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Upstart Holdings, Inc. (UPST) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Upstart Holdings, Inc. (UPST - Free Report) closed at $27.47 in the latest trading session, marking a -2.45% move from the prior day. This change lagged the S&P 500's daily loss of 0.08%. Elsewhere, the Dow saw a downswing of 0.61%, while the tech-heavy Nasdaq appreciated by 0.08%.
Shares of the company have depreciated by 27.72% over the course of the past month, underperforming the Finance sector's loss of 5.6%, and the S&P 500's loss of 2.16%.
The investment community will be closely monitoring the performance of Upstart Holdings, Inc. in its forthcoming earnings report. The company's upcoming EPS is projected at $0.38, signifying a 26.67% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $290.01 million, reflecting a 35.92% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.37 per share and revenue of $1.4 billion, indicating changes of +36.21% and +34.52%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Upstart Holdings, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 35.17% lower. Upstart Holdings, Inc. currently has a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Upstart Holdings, Inc. is currently trading at a Forward P/E ratio of 11.91. Its industry sports an average Forward P/E of 10.57, so one might conclude that Upstart Holdings, Inc. is trading at a premium comparatively.
We can additionally observe that UPST currently boasts a PEG ratio of 0.29. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Financial - Miscellaneous Services industry held an average PEG ratio of 0.82.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 147, finds itself in the bottom 40% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.