Here's Why Upstart Holdings, Inc. (UPST) Fell More Than Broader Market

Company Performance - Upstart Holdings, Inc. closed at $58.01, down 1.81% from the previous trading session, underperforming the S&P 500 which lost 0.22% [1] - Prior to this trading day, shares had gained 29.48%, outperforming the Finance sector's loss of 1.59% and the S&P 500's gain of 0.45% [1] Upcoming Earnings - The upcoming earnings release is highly anticipated, with projected EPS of $0.28, representing a 264.71% increase year-over-year [2] - Revenue is estimated at $226.38 million, reflecting a 77.37% increase from the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $1.57 per share and revenue at $1.01 billion, indicating increases of 885% and 58.79% respectively from the previous year [3] - Recent analyst estimate revisions suggest optimism regarding the company's business and profitability [3] Zacks Rank and Valuation - Upstart Holdings, Inc. currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the past month [5] - The company has a Forward P/E ratio of 37.71, significantly higher than the industry average of 11.07, indicating it is trading at a premium [6] Industry Context - The Financial - Miscellaneous Services industry, part of the Finance sector, has a Zacks Industry Rank of 143, placing it in the bottom 42% of over 250 industries [6] - The strength of industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [7]