Upstart Holdings Inc reports results for the quarter ended September 30 - Earnings Summary

Upstart Holdings

08/11/2024 21:07

* Upstart Holdings Inc  UPST.OQ  reported a quarterly
adjusted
loss of 6 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of -5 cents.  The mean expectation of fourteen analysts for
the quarter was for a loss of 15 cents per share. Wall Street
expected results to range from -17 cents to -12 cents per share.
    * Revenue rose 24.5% to $167.59 million from a year ago;
analysts
expected $150.22 million. 
    * Upstart Holdings Inc's reported EPS for the quarter was a
loss
of 7 cents​.
    * The company reported a quarterly loss of $6.76 million.
    * Upstart Holdings Inc shares had risen by 38.6% this
quarter and
gained 35.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 9
"hold" and 5 "sell" or "strong sell." 
    * The average consensus recommendation for the consumer
lending
peer group is also "hold"

Wall Street's median 12-month price target for Upstart Holdings
Inc is $36.00 
This summary was machine generated from LSEG data November 8 at
09:07 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      -0.15          -0.06          Beat
 Jun. 30 2024      -0.39          -0.17          Beat
 Mar. 31 2024      -0.39          -0.31          Beat
 Dec. 31 2023      -0.14          -0.11          Beat