Upstart Holdings, Inc. (UPST) Ascends But Remains Behind Market: Some Facts to Note

Group 1 - Upstart Holdings, Inc. closed at $63.30, with a slight increase of +0.21% from the previous trading session, underperforming the S&P 500 which gained 0.72% [1] - Over the past month, shares of Upstart Holdings, Inc. have decreased by 0.55%, while the Finance sector and S&P 500 gained 3.24% and 1.02% respectively [1] - The upcoming earnings report is scheduled for February 11, 2025, with projected earnings per share (EPS) of -$ 0.05, indicating a 54.55% increase year-over-year, and a revenue estimate of $180.06 million, reflecting a 28.33% rise from the same quarter last year [2] Group 2 - Recent changes in analyst estimates for Upstart Holdings, Inc. are important as they reflect the shifting dynamics of short-term business patterns, with positive changes indicating analyst optimism [3] - The Zacks Rank system, which assesses estimate changes, has a proven track record of outperformance, with 1 stocks returning an average of +25% annually since 1988 [5] - Upstart Holdings, Inc. currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the past month [5] Group 3 - Upstart Holdings, Inc. is trading at a Forward P/E ratio of 94.28, significantly higher than the industry average Forward P/E of 10.04, suggesting it is trading at a premium [6] - The Financial - Miscellaneous Services industry, part of the Finance sector, has a Zacks Industry Rank of 74, placing it in the top 30% of over 250 industries [6] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]