Exhibit 99.1 Upstart Announces Second Quarter 2024 Results SAN MATEO, Calif. – August 6, 2024 – Upstart Holdings, Inc. (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced financial results for its second quarter of fiscal year 2024 ended June 30, 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. "The guidance we released today demonstrates that we'r ...

The upcoming report from Upstart Holdings, Inc. (UPST) is expected to reveal quarterly loss of $0.39 per share, indicating a decline of 750% compared to the year-ago period. Analysts forecast revenues of $125.16 million, representing a decrease of 7.8% year over year. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 3.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Prior ...

Upstart Holdings (UPST) is slated to report second-quarter 2024 results on Aug 6, after market close. The consensus mark is pegged at a loss of 39 cents per share. The figure suggests a significant decline from the year-ago quarter's earnings of 6 cents. Let's see how things have shaped up for the upcoming announcement. Headwinds from the weakening lending market due to elevated consumer risk caused by multiple bank failures and the dislocation of capital markets might have affected Upstart's revenues in th ...

Upstart Holdings, Inc. (UPST) closed the latest trading day at $26.11, indicating a +1.36% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 1.11% for the day. At the same time, the Dow added 1.64%, and the tech-heavy Nasdaq gained 1.03%. The investment community will be paying close attention to the earnings performance of Upstart Holdings, Inc. in its upcoming release. The company is slated to reveal its earnings on August 6, 2024. The company's earnings pe ...

JHVEPhoto/iStock Editorial via Getty Images Data by YCharts The founders of Upstart Holdings (UPST) built the company on the premise that its advanced Artificial Intelligence ("AI") platform can determine creditworthiness better than traditional credit scores from companies like Fair Isaac Corporation (FICO). The company's 2023 10-K describes the business: Upstart is the leading artificial intelligence lending marketplace, connecting millions of consumers to more than 100 banks and credit unions that levera ...

This company is expected to post quarterly loss of $0.39 per share in its upcoming report, which represents a year-over-year change of -750%. Revenues are expected to be $125.16 million, down 7.8% from the year-ago quarter. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Upstart extended its rally, driven by growing partner network. The company's artificial intelligence (AI)-based lending platform has been selected by s ...

Upstart stock has historically been volatile and could respond to good news with a quick increase. I recommend that investors wait for sustained positive results before investing in the company's stock. Sales have fallen off a cliff, and earnings have become losses. It's been almost three years since the beginning of the descent and seems like investors are losing patience for the chance of a rebound. Declines are stabilizing, and Upstart reported a 24% sales increase year over year in the 2024 first quarte ...

Coming into today, shares of the company had gained 16.69% in the past month. In that same time, the Computer and Technology sector gained 5.73%, while the S&P 500 gained 4.28%. Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, i ...

Upstart (NASDAQ:UPST) may be beginning to see the light at the end of the tunnel. With the company having calibrated to the higher interest rate environment, management is now projecting a return to sequential growth and positive EBITDA generation by the end of the year. It is notable that the company appears to have right sized its cost structure to be able to operate profitably even in this higher interest rate environment. The stock is looking more and more investable assuming the status quo, and outrigh ...

Upstart's lending model is promising, but there is one thing it can't overcome: the cyclical nature of personal lending. Cyclical companies see their business rise during economic growth and expansion and decline during contractions. For a company like Upstart, the broader market and lending conditions greatly affect its bottom line. Then, inflation readings came in at the highest level in decades and the Fed began aggressively raising interest rates, which had a ripple effect across lending and other inter ...