Upstart Holdings, Inc. (UPST) closed the most recent trading day at $49.12, moving -2.94% from the previous trading session. This change lagged the S&P 500's 0.65% gain on the day. Meanwhile, the Dow gained 0.48%, and the Nasdaq, a tech-heavy index, added 0.82%.
The company's shares have seen an increase of 3.01% over the last month, surpassing the Finance sector's gain of 3% and the S&P 500's gain of 1.15%.
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 $0.47, marking a 80.77% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $288.47 million, showing a 31.74% escalation compared to the year-ago quarter.
UPST's full-year Zacks Consensus Estimates are calling for earnings of $1.68 per share and revenue of $1.04 billion. These results would represent year-over-year changes of +940% and 0%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Upstart Holdings, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain 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 #3 (Hold).
In terms of valuation, Upstart Holdings, Inc. is presently being traded at a Forward P/E ratio of 19.13. This denotes a premium relative to the industry average Forward P/E of 11.81.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 164, which puts it in the bottom 34% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming 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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