We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Upstart Holdings, Inc. (UPST) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
In the latest trading session, Upstart Holdings, Inc. (UPST - Free Report) closed at $16.07, marking a -1.65% move from the previous day. This change lagged the S&P 500's 0.58% loss on the day. Elsewhere, the Dow lost 0.59%, while the tech-heavy Nasdaq lost 1.54%.
Heading into today, shares of the company had lost 12.15% over the past month, lagging the Computer and Technology sector's gain of 7.31% and the S&P 500's gain of 2% in that time.
Upstart Holdings, Inc. will be looking to display strength as it nears its next earnings release. On that day, Upstart Holdings, Inc. is projected to report earnings of -$0.80 per share, which would represent a year-over-year decline of 231.15%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $99.46 million, down 67.93% from the year-ago period.
UPST's full-year Zacks Consensus Estimates are calling for earnings of -$1.16 per share and revenue of $506.07 million. These results would represent year-over-year changes of -652.38% and -39.93%, respectively.
It is also important to note the recent changes to analyst estimates for Upstart Holdings, Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 group has a Zacks Industry Rank of 185, putting it in the bottom 27% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
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 $16.07, marking a -1.65% move from the previous day. This change lagged the S&P 500's 0.58% loss on the day. Elsewhere, the Dow lost 0.59%, while the tech-heavy Nasdaq lost 1.54%.
Heading into today, shares of the company had lost 12.15% over the past month, lagging the Computer and Technology sector's gain of 7.31% and the S&P 500's gain of 2% in that time.
Upstart Holdings, Inc. will be looking to display strength as it nears its next earnings release. On that day, Upstart Holdings, Inc. is projected to report earnings of -$0.80 per share, which would represent a year-over-year decline of 231.15%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $99.46 million, down 67.93% from the year-ago period.
UPST's full-year Zacks Consensus Estimates are calling for earnings of -$1.16 per share and revenue of $506.07 million. These results would represent year-over-year changes of -652.38% and -39.93%, respectively.
It is also important to note the recent changes to analyst estimates for Upstart Holdings, Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 group has a Zacks Industry Rank of 185, putting it in the bottom 27% 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.