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Upstart Holdings, Inc. (UPST) Laps the Stock Market: Here's Why
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Upstart Holdings, Inc. (UPST - Free Report) ended the recent trading session at $25.02, demonstrating a +1.01% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.17%. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq increased by 0.4%.
Prior to today's trading, shares of the company had lost 14.17% lagged the Finance sector's loss of 2.6% and the S&P 500's loss of 1.29%.
The upcoming earnings release of Upstart Holdings, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of $0.6, marking a 15.38% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $364.63 million, up 31.58% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.2 per share and a revenue of $1.42 billion, indicating changes of +26.44% and +36%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Upstart Holdings, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Upstart Holdings, Inc. is currently a Zacks Rank #4 (Sell).
From a valuation perspective, Upstart Holdings, Inc. is currently exchanging hands at a Forward P/E ratio of 11.26. This valuation marks a discount compared to its industry average Forward P/E of 11.51.
Also, we should mention that UPST has a PEG ratio of 0.28. 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. By the end of yesterday's trading, the Financial - Miscellaneous Services industry had an average PEG ratio of 0.98.
The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 101, this industry ranks in the top 42% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Upstart Holdings, Inc. (UPST) Laps the Stock Market: Here's Why
Upstart Holdings, Inc. (UPST - Free Report) ended the recent trading session at $25.02, demonstrating a +1.01% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.17%. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq increased by 0.4%.
Prior to today's trading, shares of the company had lost 14.17% lagged the Finance sector's loss of 2.6% and the S&P 500's loss of 1.29%.
The upcoming earnings release of Upstart Holdings, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of $0.6, marking a 15.38% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $364.63 million, up 31.58% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.2 per share and a revenue of $1.42 billion, indicating changes of +26.44% and +36%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Upstart Holdings, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Upstart Holdings, Inc. is currently a Zacks Rank #4 (Sell).
From a valuation perspective, Upstart Holdings, Inc. is currently exchanging hands at a Forward P/E ratio of 11.26. This valuation marks a discount compared to its industry average Forward P/E of 11.51.
Also, we should mention that UPST has a PEG ratio of 0.28. 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. By the end of yesterday's trading, the Financial - Miscellaneous Services industry had an average PEG ratio of 0.98.
The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 101, this industry ranks in the top 42% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.