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Upstart Holdings, Inc. (UPST) Stock Sinks As Market Gains: Here's Why
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In the latest close session, Upstart Holdings, Inc. (UPST - Free Report) was down 2.01% at $23.86. This change lagged the S&P 500's daily gain of 0.58%. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 0.45%.
Prior to today's trading, shares of the company had lost 13.19% lagged the Finance sector's loss of 4.49% and the S&P 500's gain of 0.84%.
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. In the meantime, our current consensus estimate forecasts the revenue to be $364.63 million, indicating a 31.58% growth compared to the corresponding quarter of the prior year.
UPST's full-year Zacks Consensus Estimates are calling for earnings of $2.2 per share and revenue of $1.42 billion. These results would represent year-over-year changes of +26.44% and +36%, respectively.
Any recent changes to analyst estimates for Upstart Holdings, Inc. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Upstart Holdings, Inc. possesses a Zacks Rank of #4 (Sell).
Looking at its valuation, Upstart Holdings, Inc. is holding a Forward P/E ratio of 11.07. This expresses a discount compared to the average Forward P/E of 11.17 of its industry.
It is also worth noting that UPST currently has 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 was holding an average PEG ratio of 0.96 at yesterday's closing price.
The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 171, this industry ranks in the bottom 31% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Upstart Holdings, Inc. (UPST) Stock Sinks As Market Gains: Here's Why
In the latest close session, Upstart Holdings, Inc. (UPST - Free Report) was down 2.01% at $23.86. This change lagged the S&P 500's daily gain of 0.58%. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 0.45%.
Prior to today's trading, shares of the company had lost 13.19% lagged the Finance sector's loss of 4.49% and the S&P 500's gain of 0.84%.
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. In the meantime, our current consensus estimate forecasts the revenue to be $364.63 million, indicating a 31.58% growth compared to the corresponding quarter of the prior year.
UPST's full-year Zacks Consensus Estimates are calling for earnings of $2.2 per share and revenue of $1.42 billion. These results would represent year-over-year changes of +26.44% and +36%, respectively.
Any recent changes to analyst estimates for Upstart Holdings, Inc. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Upstart Holdings, Inc. possesses a Zacks Rank of #4 (Sell).
Looking at its valuation, Upstart Holdings, Inc. is holding a Forward P/E ratio of 11.07. This expresses a discount compared to the average Forward P/E of 11.17 of its industry.
It is also worth noting that UPST currently has 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 was holding an average PEG ratio of 0.96 at yesterday's closing price.
The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 171, this industry ranks in the bottom 31% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.