In the latest close session, Upstart Holdings, Inc. (UPST) was up +1.43% at $63.08. The stock outpaced the S&P 500's daily loss of 0.05%. Elsewhere, the Dow saw a downswing of 0.59%, while the tech-heavy Nasdaq appreciated by 0.45%.
Heading into today, shares of the company had lost 2.57% over the past month, lagging the Finance sector's gain of 4.15% and the S&P 500's gain of 3.44%.
The investment community will be closely monitoring the performance of Upstart Holdings, Inc. in its forthcoming earnings report. The company is predicted to post an EPS of $0.42, indicating a 800% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $281.02 million, up 73.32% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.66 per share and a revenue of $963.44 million, representing changes of +930% and +51.36%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Upstart Holdings, Inc. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Within the past 30 days, our consensus EPS projection remained stagnant. Upstart Holdings, Inc. is currently sporting a Zacks Rank of #2 (Buy).
In the context of valuation, Upstart Holdings, Inc. is at present trading with a Forward P/E ratio of 37.46. This indicates a premium in contrast to its industry's Forward P/E of 13.33.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 63, finds itself in the top 26% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks 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): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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