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Upstart Falls 2% as Major U.S. Indexes Advance
The lender’s shares declined while the S&P 500, Dow and Nasdaq rose, ahead of its upcoming earnings report.
Key takeaways
- Upstart shares fell 2.01% to $23.86 as major U.S. indexes rose.
- Zacks estimates quarterly revenue of $364.63 million and earnings of $0.60 per share.
Upstart Holdings shares fell 2.01% to $23.86 at Tuesday’s close, while major U.S. indexes advanced. The S&P 500 gained 0.58%, the Dow rose 0.49% and the Nasdaq added 0.45%.
Ahead of Upstart’s upcoming earnings report, Zacks estimates earnings of $0.60 per share, up 15.38% from the same quarter a year earlier. Its revenue estimate is $364.63 million, a year-over-year increase of 31.58%.
For the full year, Zacks consensus estimates call for earnings of $2.20 per share and revenue of $1.42 billion.
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Further reading
This article was produced with the help of AI technology. Source: Yahoo Finance
