Upstart Holdings, Inc. (UPST) reported $140.31 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 4.5%. EPS of -$0.11 for the same period compares to -$0.25 a year ago.The reported revenue represents a surprise of +3.72% over the Zacks Consensus Estimate of $135.28 million. With the consensus EPS estimate being -$0.15, the EPS surprise was +26.67%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expecta ...

Upstart achieved an all-time high in its automated credit origination process in the fourth quarter.The artificial intelligence (AI) lending marketplace had 89% of its unsecured loans approved through an instant and fully automated process during the quarter ended Dec. 31, Upstart said in a presentation released Tuesday (Feb. 13) in conjunction with the company’s quarterly earnings call.Upstart CEO Dave Girouard said during the call that this percentage may vary from quarter to quarter, but that the long-te ...

Upstart Holdings, Inc. (UPST) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 26.67%. A quarter ago, it was expected that this company would post a loss of $0.02 per share when it actually produced a loss of $0.05, delivering a surprise of -150%.Over the last four quarters, the company has su ...

Upstart Holdings (UPST) is slated to report fourth-quarter 2023 results after market close on Feb 13.For the fourth quarter, the company expects revenues of approximately $135 million. The Zacks Consensus Estimate is currently pegged at $135.3 million, suggesting a decline of 7.9% year over year.The consensus mark is pegged at a loss of 15 cents per share, suggesting a significant improvement from the year-ago quarter’s loss of 25 cents.UPST’s earnings beat the Zacks Consensus Estimate in three of the trail ...

Upstart Holdings (UPST -1.20%) stock isn't for the fainthearted. It was up more than 400% at one point last year before losing about half of its value, ending 2023 with a 209% gain.That was just last year. It's been volatile almost since it went public, skyrocketing before plunging, mirroring the stunning reversal of the company's fortunes. Will anything change in 2024? Let's see where Upstart is likely to be in a year from now.An industry ripe for disruptionUpstart operates a credit-evaluation platform pow ...

Upstart Holdings, Inc. (UPST) ended the recent trading session at $33.90, demonstrating a -1.19% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.57% for the day. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, added 1.25%.Shares of the company witnessed a gain of 3.25% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 10.16% and the S&P 500's gain of 5.07%.Market particip ...

The upcoming report from Upstart Holdings, Inc. (UPST) is expected to reveal quarterly loss of $0.15 per share, indicating an increase of 40% compared to the year-ago period. Analysts forecast revenues of $135.28 million, representing a decrease of 7.9% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 8.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Upstart Holdings, Inc. (UPST) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 13, 2024, might help the stock move higher if these key numbers are b ...

Upstart Holdings, Inc. (UPST) ended the recent trading session at $32.30, demonstrating a +1.7% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 1.25%. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 1.3%.The company's shares have seen a decrease of 8.76% over the last month, not keeping up with the Computer and Technology sector's gain of 2.42% and the S&P 500's gain of 1.58%.The investment community will be paying close a ...

Upstart plans to expand its auto retail financing capability to another 13 states during the first quarter.The lending marketplace aims to reach 90% of U.S. consumers by the end of the quarter, up from the 70% coverage achieved in the third quarter of 2023, Upstart said in a Wednesday (Jan. 31) press release.The company’s vehicle financing will be extended to Alabama, Arizona, Colorado, Connecticut, Maine, Minnesota, Mississippi, Montana, Oklahoma, Rhode Island, Utah, Washington and Wyoming, per the release ...