In the latest trading session, Upstart Holdings, Inc. (UPST) closed at $30.20, marking a +0.27% move from the previous day. This change outpaced the S&P 500's 0.45% loss on the day. Meanwhile, the Dow lost 0.04%, and the Nasdaq, a tech-heavy index, added 3.58%.
Heading into today, shares of the company had gained 21.11% over the past month, outpacing the Computer and Technology sector's gain of 7.46% and the S&P 500's gain of 5.01% in that time.
Wall Street will be looking for positivity from Upstart Holdings, Inc. as it approaches its next earnings report date. On that day, Upstart Holdings, Inc. is projected to report earnings of -$0.05 per share, which would represent a year-over-year decline of 600%. Meanwhile, our latest consensus estimate is calling for revenue of $133.89 million, down 41.32% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.46 per share and revenue of $546.23 million. These totals would mark changes of -319.05% and -35.16%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Upstart Holdings, Inc.Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Upstart Holdings, Inc. currently has a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 94, which puts it in the top 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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