For the quarter ended March 2024, Upstart Holdings, Inc. (UPST) reported revenue of $127.79 million, up 24.2% over the same period last year. EPS came in at -$0.31, compared to -$0.47 in the year-ago quarter.The reported revenue represents a surprise of +2.39% over the Zacks Consensus Estimate of $124.82 million. With the consensus EPS estimate being -$0.38, the EPS surprise was +18.42%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare t ...

Upstart Holdings, Inc. (NASDAQ:UPST) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Jason Schmidt - VP, Head, IR Dave Girouard - Co Founder and CEO Sanjay Datta - CFO Conference Call Participants John Coffey - Barclays Kyle Peterson - Needham Peter Christiansen - Citi Dan Dolev - Mizuho David Scharf - Citizens JMP Securities Rob Wildhack - Autonomous Research John Hecht - Jefferies Nate Richam - Bank of America Giuliano Bologna - Compass Point Simon Clinch - Redburn Atlantic Re ...

Upstart Holdings, Inc. (UPST) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.38. This compares to loss of $0.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.42%. A quarter ago, it was expected that this company would post a loss of $0.15 per share when it actually produced a loss of $0.11, delivering a surprise of 26.67%.Over the last four quarters, the company has s ...

If you are in the business of providing loans, there will always be a demand for your product. As for the customers that need to be served, the total addressable market (TAM) for annual loan originations is a whopping $3 trillion.Artificial intelligence (AI)-powered lending platform Upstart has originated $38 billion in loans across its 3 million customers — leaving lots of room to grow. That’s why, on Tuesday’s (May 7) first quarter 2024 earnings call, Upstart executives stressed to investors that the comp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________to ________ Commission File Number: 001-39797 Upstart Holdings, Inc. (Exact name of registrant as specified in its charter) ...

A Upstart This presentation contains "forward-looking" statements that are based on our management's beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements, other than statements of historical fact contained in this presentation, including but not limited to, information or predictions concerning our future financial performance, including our financial outlook for Q2 2024 and the second half of 2024 under the heading "Outlook" and our ...

Exhibit 99.1 Upstart Announces First Quarter 2024 Results SAN MATEO, Calif. – May 7, 2024 – Upstart Holdings, Inc. (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced financial results for its first quarter of fiscal year 2024 ended March 31, 2024. Upstart will host a conference call and webcast at 1:30 p.m. Pacific Time today. An earnings presentation and link to the webcast are available at ir.upstart.com. “We continue to focus on improving our efficiency and fina ...

Upstart Holdings (UPST) is slated to report first-quarter 2024 results on May 7, after market close.For the first quarter, the company expects revenues of approximately $125 million. The Zacks Consensus Estimate is currently pegged at $124.8 million, suggesting growth of 21.3% year over year.The consensus mark for earnings is pegged at a loss of 38 cents per share, suggesting a significant improvement from the year-ago quarter’s loss of 47 cents.UPST’s earnings beat the Zacks Consensus Estimate in three of ...

The AI-powered consumer lender looks to upend the industry, but its business continues to face headwinds.Upstart (UPST 2.76%) has taken shareholders for a roller coaster ride since going public in 2020. The company started with a bang, and the stock climbed to $355 per share at one point. However, high interest rates and low demand for its loans weighed on the company.Last year, things showed signs of turning around, but it continued to see slower demand for its loans compared to pandemic levels. Upstart's ...

Upstart Holdings, Inc. (UPST) closed the most recent trading day at $23.12, moving +0.78% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.02%. Elsewhere, the Dow saw a downswing of 0.11%, while the tech-heavy Nasdaq appreciated by 0.1%.Heading into today, shares of the company had lost 13.7% over the past month, lagging the Computer and Technology sector's loss of 5.13% and the S&P 500's loss of 3.01% in that time.The upcoming earnings release of Upstart ...