youpstart Holdings, Inc. (UPST) closed the last day of trading at $98.63, +0.71% from the previous trading session. That move topped the S&P 500’s 0.52% daily gain. Meanwhile, the Dow lost 0.06% and the Nasdaq, a technology-heavy index, added 0.37%.
As of today, the company’s shares are down 17.31% over the past month. Meanwhile, the IT & Technology sector lost 10.84%, while the S&P 500 lost 6.51%.
Upstart Holdings, Inc. will look to show strength ahead of its next earnings release, which is expected to be February 15, 2022. On that day, Upstart Holdings, Inc. is expected to report earnings of $0.49. per share, representing annual growth of 600%. Meanwhile, Zacks consensus estimate for revenue calls for net sales of $261.43 million, up 201.49% from the prior year period.
Investors might also notice recent changes to analyst estimates for Upstart Holdings, Inc. These revisions generally reflect the latest short-term business trends, which may change frequently. Therefore, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Based on our research, we believe that these estimate revisions are directly related to the team’s close stock movements. Investors can take advantage of this by using the Zacks ranking. This model accounts for these estimation changes and provides a simple and actionable scoring system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive track record of outperformance verified by external audits, with #1 stocks generating an average annual return of +25% since 1988 Over the past 30 days, our consensus EPS projection is down 3.27%. Upstart Holdings, Inc. is currently a Zacks Rank #5 (Strong Sell).
As for its valuation, Upstart Holdings, Inc. holds a Forward P/E ratio of 48.72. This represents a premium to its industry average Forward P/E of 24.62.
The Computing – Computing Services industry is part of the Computing and Technology sector. This group has a Zacks industry ranking of 94, which places it in the top 37% of over 250 industries.
The Zacks Industry Ranking assesses the strength of our industry groups by measuring the average Zacks Ranking of individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and more, at Zacks.com.
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Upstart Holdings, Inc. (UPST): Free Stock Analysis Report
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