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Upstart Holdings, Inc. (UPST) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Upstart Holdings, Inc. (UPST - Free Report) closed at $127.98, marking a -0.54% move from the previous day. This change lagged the S&P 500's daily loss of 0.46%.
Heading into today, shares of the company had gained 7.23% over the past month, outpacing the Computer and Technology sector's gain of 2.57% and the S&P 500's gain of 1.69% in that time.
Investors will be hoping for strength from UPST as it approaches its next earnings release, which is expected to be August 10, 2021.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.64 per share and revenue of $602.85 million. These totals would mark changes of +178.26% and +158.27%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for UPST. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Within the past 30 days, our consensus EPS projection remained stagnant. UPST is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, UPST is currently trading at a Forward P/E ratio of 201.06. This valuation marks a premium compared to its industry's average Forward P/E of 33.4.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 165, putting it in the bottom 36% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Upstart Holdings, Inc. (UPST) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Upstart Holdings, Inc. (UPST - Free Report) closed at $127.98, marking a -0.54% move from the previous day. This change lagged the S&P 500's daily loss of 0.46%.
Heading into today, shares of the company had gained 7.23% over the past month, outpacing the Computer and Technology sector's gain of 2.57% and the S&P 500's gain of 1.69% in that time.
Investors will be hoping for strength from UPST as it approaches its next earnings release, which is expected to be August 10, 2021.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.64 per share and revenue of $602.85 million. These totals would mark changes of +178.26% and +158.27%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for UPST. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Within the past 30 days, our consensus EPS projection remained stagnant. UPST is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, UPST is currently trading at a Forward P/E ratio of 201.06. This valuation marks a premium compared to its industry's average Forward P/E of 33.4.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 165, putting it in the bottom 36% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.