2/14/2024 0 Comments Upst yahoo finance![]() It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. So, the shares are expected to perform in line with the market in the near future. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Upstart Holdings, Inc. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Shares have added about 21.7% since the beginning of the year versus the S&P 500's gain of 7.8%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The company has topped consensus revenue estimates three times over the last four quarters. This compares to year-ago revenues of $304.85 million. , which belongs to the Zacks Computers - IT Services industry, posted revenues of $146.91 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 11.19%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. ![]() A quarter ago, it was expected that this company would post a loss of $0.07 per share when it actually produced a loss of $0.24, delivering a surprise of -242.86%. This quarterly report represents an earnings surprise of 47.92%. These figures are adjusted for non-recurring items. This compares to earnings of $0.89 per share a year ago. (UPST) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.48. boasts a Zacks Rank of #2 (Buy).Upstart Holdings, Inc. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.69% increase. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. ![]() Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $139.69 million, down 11.16% from the year-ago period.įor the full year, the Zacks Consensus Estimates project earnings of -$0.35 per share and a revenue of $533.65 million, demonstrating changes of -266.67% and -36.65%, respectively, from the preceding year.Īdditionally, investors should keep an eye on any recent revisions to analyst forecasts for Upstart Holdings, Inc. The company is predicted to post an EPS of -$0.02, indicating a 91.67% growth compared to the equivalent quarter last year. The company is scheduled to release its earnings on November 7, 2023. The investment community will be closely monitoring the performance of Upstart Holdings, Inc. The company's stock has climbed by 0.14% in the past month, exceeding the Computer and Technology sector's loss of 0.05% and the S&P 500's loss of 1.6%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq lost 0.25%. This move outpaced the S&P 500's daily loss of 0.01%. (UPST) standing at $29.17, reflecting a +0.69% shift from the previouse trading day's closing. The most recent trading session ended with Upstart Holdings, Inc.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |