Upstart Holdings, Inc. (UPST) Stock Falls Amid Market Uptick: What Investors Need to Know
Upstart Holdings, Inc. (UPST) ended the recent trading session at $48.10, demonstrating a -1.19% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.06%. Elsewhere, the Dow saw an upswing of 0.28%, while the tech-heavy Nasdaq depreciated by 0.1%.
Prior to today's trading, shares of the company had gained 2.94% over the past month. This has outpaced the Finance sector's loss of 3.73% and the S&P 500's loss of 4.29% in that time.
Investors will be eagerly watching for the performance of Upstart Holdings, Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on May 6, 2025. The company is predicted to post an EPS of $0.19, indicating a 161.29% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $200.74 million, indicating a 57.09% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.37 per share and a revenue of $1.01 billion, indicating changes of +785% and +59.26%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Upstart Holdings, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Upstart Holdings, Inc. currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Upstart Holdings, Inc. is presently trading at a Forward P/E ratio of 35.53. For comparison, its industry has an average Forward P/E of 9.69, which means Upstart Holdings, Inc. is trading at a premium to the group.
The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 94, this industry ranks in the top 38% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).
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