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) Registers a Bigger Fall Than the Market: Important Facts to Note
Read MoreHide Full Article
Upstart Holdings, Inc. (UPST - Free Report) closed the most recent trading day at $25.83, moving -7.19% from the previous trading session. This change lagged the S&P 500's 1.36% loss on the day. Elsewhere, the Dow saw a downswing of 1.64%, while the tech-heavy Nasdaq depreciated by 1.46%.
Shares of the company witnessed a loss of 12.95% over the previous month, trailing the performance of the Finance sector with its loss of 5.19%, and the S&P 500's loss of 1.76%.
Investors will be eagerly watching for the performance of Upstart Holdings, Inc. in its upcoming earnings disclosure. On that day, Upstart Holdings, Inc. is projected to report earnings of $0.38 per share, which would represent year-over-year growth of 26.67%. Meanwhile, the latest consensus estimate predicts the revenue to be $290.01 million, indicating a 35.92% increase compared to the same quarter of the previous 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.
It's also important for investors to be aware of any recent modifications to analyst estimates for Upstart Holdings, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Upstart Holdings, Inc. boasts a Zacks Rank of #5 (Strong Sell).
With respect to valuation, Upstart Holdings, Inc. is currently being traded at a Forward P/E ratio of 11.77. This signifies a premium in comparison to the average Forward P/E of 10.61 for its industry.
It is also worth noting that UPST currently has 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. The average PEG ratio for the Financial - Miscellaneous Services industry stood at 0.82 at the close of the market yesterday.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 146, which puts it in the bottom 41% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Upstart Holdings, Inc. (UPST) Registers a Bigger Fall Than the Market: Important Facts to Note
Upstart Holdings, Inc. (UPST - Free Report) closed the most recent trading day at $25.83, moving -7.19% from the previous trading session. This change lagged the S&P 500's 1.36% loss on the day. Elsewhere, the Dow saw a downswing of 1.64%, while the tech-heavy Nasdaq depreciated by 1.46%.
Shares of the company witnessed a loss of 12.95% over the previous month, trailing the performance of the Finance sector with its loss of 5.19%, and the S&P 500's loss of 1.76%.
Investors will be eagerly watching for the performance of Upstart Holdings, Inc. in its upcoming earnings disclosure. On that day, Upstart Holdings, Inc. is projected to report earnings of $0.38 per share, which would represent year-over-year growth of 26.67%. Meanwhile, the latest consensus estimate predicts the revenue to be $290.01 million, indicating a 35.92% increase compared to the same quarter of the previous 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.
It's also important for investors to be aware of any recent modifications to analyst estimates for Upstart Holdings, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Upstart Holdings, Inc. boasts a Zacks Rank of #5 (Strong Sell).
With respect to valuation, Upstart Holdings, Inc. is currently being traded at a Forward P/E ratio of 11.77. This signifies a premium in comparison to the average Forward P/E of 10.61 for its industry.
It is also worth noting that UPST currently has 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. The average PEG ratio for the Financial - Miscellaneous Services industry stood at 0.82 at the close of the market yesterday.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 146, which puts it in the bottom 41% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.