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Upstart Holdings, Inc. (UPST) Stock Dips While Market Gains: Key Facts
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Upstart Holdings, Inc. (UPST - Free Report) closed the most recent trading day at $23.82, moving -3.33% from the previous trading session. This change lagged the S&P 500's 0.51% gain on the day. Elsewhere, the Dow gained 0.93%, while the tech-heavy Nasdaq added 0.48%.
Shares of the company witnessed a loss of 19.11% over the previous month, trailing the performance of the Finance sector with its loss of 3.64%, and the S&P 500's gain of 0.74%.
Market participants will be closely following the financial results of Upstart Holdings, Inc. in its upcoming release. On that day, Upstart Holdings, Inc. is projected to report earnings of $0.6 per share, which would represent year-over-year growth of 15.38%. Simultaneously, our latest consensus estimate expects the revenue to be $364.63 million, showing a 31.58% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.2 per share and revenue of $1.42 billion, which would represent changes of +26.44% and +36%, respectively, from the prior year.
Any recent changes to analyst estimates for Upstart Holdings, Inc. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Upstart Holdings, Inc. is carrying a Zacks Rank of #4 (Sell).
Looking at valuation, Upstart Holdings, Inc. is presently trading at a Forward P/E ratio of 11.2. Its industry sports an average Forward P/E of 11.2, so one might conclude that Upstart Holdings, Inc. is trading at no noticeable deviation comparatively.
It's also important to note that UPST currently trades at a PEG ratio of 0.28. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Financial - Miscellaneous Services industry currently 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 bearing a Zacks Industry Rank of 104, finds itself in the top 43% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Upstart Holdings, Inc. (UPST) Stock Dips While Market Gains: Key Facts
Upstart Holdings, Inc. (UPST - Free Report) closed the most recent trading day at $23.82, moving -3.33% from the previous trading session. This change lagged the S&P 500's 0.51% gain on the day. Elsewhere, the Dow gained 0.93%, while the tech-heavy Nasdaq added 0.48%.
Shares of the company witnessed a loss of 19.11% over the previous month, trailing the performance of the Finance sector with its loss of 3.64%, and the S&P 500's gain of 0.74%.
Market participants will be closely following the financial results of Upstart Holdings, Inc. in its upcoming release. On that day, Upstart Holdings, Inc. is projected to report earnings of $0.6 per share, which would represent year-over-year growth of 15.38%. Simultaneously, our latest consensus estimate expects the revenue to be $364.63 million, showing a 31.58% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.2 per share and revenue of $1.42 billion, which would represent changes of +26.44% and +36%, respectively, from the prior year.
Any recent changes to analyst estimates for Upstart Holdings, Inc. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Upstart Holdings, Inc. is carrying a Zacks Rank of #4 (Sell).
Looking at valuation, Upstart Holdings, Inc. is presently trading at a Forward P/E ratio of 11.2. Its industry sports an average Forward P/E of 11.2, so one might conclude that Upstart Holdings, Inc. is trading at no noticeable deviation comparatively.
It's also important to note that UPST currently trades at a PEG ratio of 0.28. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Financial - Miscellaneous Services industry currently 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 bearing a Zacks Industry Rank of 104, finds itself in the top 43% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.