Compared to Estimates, Upstart (UPST) Q3 Earnings: A Look at Key Metrics

Core Insights - Upstart Holdings, Inc. reported a revenue of $162.14 million for Q3 2024, marking a year-over-year increase of 20.5% and exceeding the Zacks Consensus Estimate by 8.14% [1] - The company reported an EPS of -$0.06, which is an improvement compared to -$0.05 a year ago, and surpassed the consensus EPS estimate of -$0.14 by 57.14% [1] Financial Performance Metrics - Transaction Volume reached $1.58 million, exceeding the average estimate of $1.30 million from two analysts [3] - Revenue from fees, net was reported at $146.76 million, slightly below the average estimate of $155.07 million from five analysts, showing no year-over-year change [3] - Total interest income, interest expense, and fair value adjustments, net was reported at -$12.20 million, worse than the estimated -$5.13 million, with no year-over-year change [3] - Revenue from platform and referral fees, net was $134.20 million, surpassing the average estimate of $121.69 million, reflecting a year-over-year increase of 19.4% [3] - Revenue from servicing and other fees, net was $33.39 million, in line with the average estimate of $33.38 million, but showing a year-over-year decrease of 2.7% [3] Stock Performance - Upstart's shares have returned +28.5% over the past month, significantly outperforming the Zacks S&P 500 composite's +4.9% change [4] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [4]