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Upstart Holdings, Inc. (UPST) Suffers a Larger Drop Than the General Market: Key Insights
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Upstart Holdings, Inc. (UPST - Free Report) closed the most recent trading day at $31.32, moving -3.42% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.37%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq lost 1.33%.
The company's stock has climbed by 13.55% in the past month, exceeding the Finance sector's gain of 4.79% and the S&P 500's gain of 2.02%.
The investment community will be paying close attention to the earnings performance of Upstart Holdings, Inc. in its upcoming release. On that day, Upstart Holdings, Inc. is projected to report earnings of $0.55 per share, which would represent year-over-year growth of 52.78%. At the same time, our most recent consensus estimate is projecting a revenue of $354.89 million, reflecting a 37.93% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.27 per share and a revenue of $1.43 billion, signifying shifts of +30.46% and +36.53%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Upstart Holdings, Inc. These revisions help to show the ever-changing nature of near-term business trends. 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. 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.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Upstart Holdings, Inc. is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Upstart Holdings, Inc.'s current valuation metrics, including its Forward P/E ratio of 14.31. This denotes a premium relative to the industry average Forward P/E of 10.89.
One should further note that UPST currently holds a PEG ratio of 0.35. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Financial - Miscellaneous Services industry had an average PEG ratio of 1.07.
The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 103, placing it within the top 43% of over 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Upstart Holdings, Inc. (UPST) Suffers a Larger Drop Than the General Market: Key Insights
Upstart Holdings, Inc. (UPST - Free Report) closed the most recent trading day at $31.32, moving -3.42% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.37%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq lost 1.33%.
The company's stock has climbed by 13.55% in the past month, exceeding the Finance sector's gain of 4.79% and the S&P 500's gain of 2.02%.
The investment community will be paying close attention to the earnings performance of Upstart Holdings, Inc. in its upcoming release. On that day, Upstart Holdings, Inc. is projected to report earnings of $0.55 per share, which would represent year-over-year growth of 52.78%. At the same time, our most recent consensus estimate is projecting a revenue of $354.89 million, reflecting a 37.93% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.27 per share and a revenue of $1.43 billion, signifying shifts of +30.46% and +36.53%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Upstart Holdings, Inc. These revisions help to show the ever-changing nature of near-term business trends. 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. 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.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Upstart Holdings, Inc. is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Upstart Holdings, Inc.'s current valuation metrics, including its Forward P/E ratio of 14.31. This denotes a premium relative to the industry average Forward P/E of 10.89.
One should further note that UPST currently holds a PEG ratio of 0.35. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Financial - Miscellaneous Services industry had an average PEG ratio of 1.07.
The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 103, placing it within the top 43% of over 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.