Upstart Holdings Inc UPST.OQ reported quarterly adjusted earnings of 36 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -17 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from 22 cents to 31 cents per share.
Revenue rose 101.6% to $257.29 million from a year ago; analysts expected $225.37 million.
Upstart Holdings Inc's reported EPS for the quarter was 5 cents.
The company reported quarterly net income of $5.61 million.
Upstart Holdings Inc shares had risen by 28.1% this quarter and gained 34.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 2.1% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the consumer lending peer group is "buy."
Wall Street's median 12-month price target for Upstart Holdings Inc is $71.00, about 16.7% below its last closing price of $82.83
This summary was machine generated from LSEG data August 5 at 09:02 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)