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Upstart Holdings, Inc. (UPST) Registers a Bigger Fall Than the Market: Important Facts to Note
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Upstart Holdings, Inc. (UPST - Free Report) closed at $30.31 in the latest trading session, marking a -2.43% move from the prior day. The stock's change was less than the S&P 500's daily loss of 1.62%. On the other hand, the Dow registered a loss of 1.87%, and the technology-centric Nasdaq decreased by 1.98%.
The stock of company has risen by 11.57% in the past month, leading the Finance sector's gain of 0.94% and the S&P 500's loss of 0.03%.
Investors will be eagerly watching for the performance of Upstart Holdings, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.55, indicating a 52.78% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $354.89 million, indicating a 37.93% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.27 per share and a revenue of $1.43 billion, indicating changes of +30.46% and +36.53%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Upstart Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Upstart Holdings, Inc. is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Upstart Holdings, Inc. currently has a Forward P/E ratio of 13.7. This expresses a premium compared to the average Forward P/E of 10.33 of its industry.
One should further note that UPST currently holds a PEG ratio of 0.33. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. UPST's industry had an average PEG ratio of 0.98 as of yesterday's close.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 151, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Upstart Holdings, Inc. (UPST) Registers a Bigger Fall Than the Market: Important Facts to Note
Upstart Holdings, Inc. (UPST - Free Report) closed at $30.31 in the latest trading session, marking a -2.43% move from the prior day. The stock's change was less than the S&P 500's daily loss of 1.62%. On the other hand, the Dow registered a loss of 1.87%, and the technology-centric Nasdaq decreased by 1.98%.
The stock of company has risen by 11.57% in the past month, leading the Finance sector's gain of 0.94% and the S&P 500's loss of 0.03%.
Investors will be eagerly watching for the performance of Upstart Holdings, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.55, indicating a 52.78% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $354.89 million, indicating a 37.93% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.27 per share and a revenue of $1.43 billion, indicating changes of +30.46% and +36.53%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Upstart Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Upstart Holdings, Inc. is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Upstart Holdings, Inc. currently has a Forward P/E ratio of 13.7. This expresses a premium compared to the average Forward P/E of 10.33 of its industry.
One should further note that UPST currently holds a PEG ratio of 0.33. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. UPST's industry had an average PEG ratio of 0.98 as of yesterday's close.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 151, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.