Upstart Holdings, Inc. (NASDAQ:UPST) is in the spotlight Tuesday ahead of its fourth-quarter earnings report after the market closes.
Earnings Expectations And Recent Performance
Upstart is expected to report earnings per share of 46 cents and revenue of $288.67 million. The company has beaten earnings per share estimates in each of the last four quarters and topped revenue estimates in three of the last four quarters.
In its most recent quarter, Upstart posted earnings per share of 52 cents, beating the consensus estimate of 42 cents, while revenue came in at $277.11 million, slightly below the $279.62 million estimate.
“Our AI platform is performing exactly as designed, rapidly adapting to evolving macro signals while delivering strong results,” CEO Dave Girouard said last quarter.
UPST Trades Below Key Levels
Currently, the stock is trading 23% below its 20-day simple moving average (SMA) and 30.2% below its 100-day SMA, indicating a struggle to regain upward momentum. Over the past 12 months, shares have increased by 37.87%, and they are currently positioned closer to their 52-week lows than highs.
The RSI is at 31.06, which is considered neutral territory, suggesting that the stock is neither overbought nor oversold. Meanwhile, MACD is below its signal line, indicating bearish pressure on the stock.
The combination of neutral RSI and bearish MACD suggests mixed momentum, indicating that traders should be cautious.
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for Unity Software, highlighting its strengths and weaknesses compared to the broader market:
- Momentum: Neutral (Score: 50.26) — The stock is performing in line with market expectations.
The Verdict: Unity’s Benzinga Edge signal reveals a balanced outlook. The neutral momentum score indicates that while the stock is not currently outperforming, it is also not underperforming relative to the broader market.
UPST Shares Climb In Early Trading
UPST Price Action: At the time of writing, Upstart shares are trading 5.48% higher at $40.98, according to data from Benzinga Pro.
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