Upstart (NASDAQ: UPST ) submitted a stronger than expected Q3 earnings sheet, driven by strong demand for the platform’s loan products, both personal and auto loans. The fintech beat top and bottom line estimates by a wide margin and saw a favorableAnalyst’s Disclosure: I/we have a beneficial long position in the shares of SOFI, PYPL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than ...

Upstart Holdings (NASDAQ: UPST ) has reported an improved operating momentum in Q3, and growth prospects are positive ahead, but its investment case is still risky and the sustainability of its business model is not certain over the long term.Labutes IR is a Fund Manager/Analyst specialized in the financial sector, with more than 18 years of experience in the financial markets. I have worked at several type of institutions in the industry, always at the buy side and related to portfolio management. Associat ...

Chris Comparato, CEO, the Toast, Inc. IPO at the New York Stock Exchange, on September 22, 2021.Upstart, which uses artificial intelligence to inform online lending decisions, soared 46% on Friday, its best day in over three years. Toast, which sells payments technology to restaurants, jumped 14%, closing at its highest since 2021. Both companies reported better-than-expected results, sparking the rallies. Upstart's revenue jumped 20% in the third quarter to $162 million, easily beating analyst estimates. C ...

Upstart Holdings, Inc. (UPST) reported $162.14 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 20.5%. EPS of -$0.06 for the same period compares to -$0.05 a year ago. The reported revenue represents a surprise of +8.14% over the Zacks Consensus Estimate of $149.94 million. With the consensus EPS estimate being -$0.14, the EPS surprise was +57.14%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...

Upstart's earnings show the company is firmly back in growth mode.Shares of artificial intelligence (AI)-powered lender Upstart (UPST 42.87%) rocketed 43.3% Friday, as of 11:25 a.m. ET.Upstart reported earnings yesterday evening showing improved results, likely due to inflation and interest rate expectations coming down. However, from today's reaction, it appears the positive results and guidance were even better than contemplated by investors heading into earnings.Fintech personal lending is turning around ...

Upstart Holdings, Inc. (NASDAQ:UPST) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Alice Berry - Senior Director of Investor Relations Dave Girouard - Co-Founder & Chief Executive Officer Sanjay Datta - Chief Financial Officer Conference Call Participants Peter Christiansen - Citigroup Arvind Ramnani - Piper Sandler Rob Wildhack - Autonomous Research Kyle Peterson - Needham David Schwartz - JMP Simon Clinch - Redburn Atlantic Giuliano Bologna - Compass Point Operator Good ...

Upstart Holdings, Inc. (UPST) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 57.14%. A quarter ago, it was expected that this company would post a loss of $0.39 per share when it actually produced a loss of $0.17, delivering a surprise of 56.41%. Over the last four quarters, the company has ...

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 September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | |-------------------------------------------------------------------------|---------------------------------------------------------- ...

Exhibit 99.1 Upstart Announces Third Quarter 2024 Results SAN MATEO, Calif. – November 7, 2024 – Upstart Holdings, Inc. (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced financial results for its third quarter of fiscal year 2024 ended September 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. "With 43% sequential growth in lending volume and ...

Upstart Holdings Inc (NASDAQ:UPST) stock was last seen up 5.5% at $53.34, as the broader market reacts to Donald Trump's Presidential election victory. Upstart is gearing up for its latest earnings report, due out after the close tomorrow, Nov. 7. And since the artificial intelligence (AI)-driven consumer lending name is particularly sensitive to interest-rate moves, the Fed's decision will likely have an impact on the stock that day as well. UPST soared 39.4% after earnings last quarter, though the three p ...