Upstart Holdings, Inc. (UPST) Stock Declines While Market Improves: Some Information for Investors

Upstart Holdings, Inc. (UPST) closed the most recent trading day at $64.90, moving -4.4% from the previous trading session. This change lagged the S&P 500's daily gain of 0.44%. Elsewhere, the Dow saw an upswing of 0.14%, while the tech-heavy Nasdaq appreciated by 0.7%. Coming into today, shares of the company had lost 1.39% in the past month. In that same time, the Finance sector gained 3.79%, while the S&P 500 gained 4.03%. Investors will be eagerly watching for the performance of Upstart Holdings, Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.42, showcasing a 800% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $281.02 million, indicating a 73.32% upward movement from the same quarter last year. For the full year, the Zacks Consensus Estimates are projecting earnings of $1.66 per share and revenue of $963.44 million, which would represent changes of +930% and +51.36%, respectively, from the prior year. It is also important to note the recent changes to analyst estimates for Upstart Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Upstart Holdings, Inc. presently features a Zacks Rank of #2 (Buy). Digging into valuation, Upstart Holdings, Inc. currently has a Forward P/E ratio of 40.9. This indicates a premium in contrast to its industry's Forward P/E of 13.4. The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 29% of all 250+ industries. The Zacks Industry Rank gauges the strength of our 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. Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Free Report: 3 Software Stocks Poised to SkyrocketSoftware stocks are poised to catapult higher in the coming months (and years) thanks to several factors, especially the explosive growth of AI. Zacks' urgent report reveals 3 top software stocks to own right now.Access the report free today >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Upstart Holdings, Inc. (UPST): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks