Upstart Holdings, Inc. (UPST) ended the recent trading session at $25.02, demonstrating a +1.01% change from the preceding day’s closing price. The stock’s change was more than the S&P 500’s daily gain of 0.17%. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq increased by 0.4%.
Prior to today’s trading, shares of the company had lost 14.17% lagged the Finance sector’s loss of 2.6% and the S&P 500’s loss of 1.29%.
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. Our most recent consensus estimate is calling for quarterly revenue of $364.63 million, up 31.58% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.2 per share and a revenue of $1.42 billion, indicating changes of +26.44% and +36%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Upstart Holdings, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts’ confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, there’s been no change in the Zacks Consensus EPS estimate. Upstart Holdings, Inc. is currently a Zacks Rank #4 (Sell).
From a valuation perspective, Upstart Holdings, Inc. is currently exchanging hands at a Forward P/E ratio of 11.26. This valuation marks a discount compared to its industry average Forward P/E of 11.51.
Also, we should mention that UPST has a PEG ratio of 0.28. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. By the end of yesterday’s trading, the Financial – Miscellaneous Services industry had an average PEG ratio of 0.98.
The Financial – Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 101, this industry ranks in the top 42% of all industries, numbering over 250.
