Upstart Holdings, Inc. (UPST) has seen its shares decrease by 1.4% over the past month, contrasting with a 3.4% gain in the S&P 500 composite. The Zacks Computers – IT Services industry, to which Upstart belongs, recorded a loss of 4% during the same period.
For the current quarter, Upstart is projected to report a loss of $0.39 per share, a significant change of -750% from the year-ago quarter, with the consensus estimate for the current fiscal year at -$0.93, marking a 66.1% decline year-over-year. Conversely, the next fiscal year’s estimate is set at $0.21, indicating a potential growth of 123% compared to the previous year.
The company’s revenue for the most recent quarter was $127.79 million, reflecting a 24.2% increase year-over-year and surpassing the Zacks Consensus Estimate of $124.82 million by 2.39%. Despite the generally negative sentiment, Upstart’s Zacks Rank stands at #3 (Hold), suggesting it may perform in line with the broader market in the near term.
