Upstart Holdings, Inc. (UPST) closed the most recent trading day at $23.82, moving -3.33% from the previous trading session. This change lagged the S&P 500’s 0.51% gain on the day. Elsewhere, the Dow gained 0.93%, while the tech-heavy Nasdaq added 0.48%.
Shares of the company witnessed a loss of 19.11% over the previous month, trailing the performance of the Finance sector with its loss of 3.64%, and the S&P 500’s gain of 0.74%.
Market participants will be closely following the financial results of Upstart Holdings, Inc. in its upcoming release. On that day, Upstart Holdings, Inc. is projected to report earnings of $0.6 per share, which would represent year-over-year growth of 15.38%. Simultaneously, our latest consensus estimate expects the revenue to be $364.63 million, showing a 31.58% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.2 per share and revenue of $1.42 billion, which would represent changes of +26.44% and +36%, respectively, from the prior year.
Any recent changes to analyst estimates for Upstart Holdings, Inc. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we’ve formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Upstart Holdings, Inc. is carrying a Zacks Rank of #4 (Sell).
Looking at valuation, Upstart Holdings, Inc. is presently trading at a Forward P/E ratio of 11.2. Its industry sports an average Forward P/E of 11.2, so one might conclude that Upstart Holdings, Inc. is trading at no noticeable deviation comparatively.
It’s also important to note that UPST currently trades at 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 industry currently had an average PEG ratio of 0.98 as of yesterday’s close.
