Upstart Holdings (UPST) closed at $23.25, down 1.32 percent on the session, underperforming the S&P 500's 0.41 percent gain and the Nasdaq's 1.11 percent rise. Over the past month, the stock has fallen 5.76 percent, a steeper decline than the Finance sector's 1.68 percent loss and sharply negative relative to the S&P 500's 1.46 percent gain.
The earnings catalyst arrives Nov. 3. Analysts project Q3 revenue of $364.63 million, a 31.58 percent year-over-year increase. EPS is forecast at $0.60, up 15.38 percent from the prior-year quarter. For the full year, consensus estimates call for $2.20 EPS and $1.42 billion in revenue—26.44 percent and 36 percent growth, respectively.
Upstart trades at a Forward P/E of 10.71, a slight discount to the Financial - Miscellaneous Services industry average of 10.82. More compelling: the stock's PEG ratio of 0.27 sits well below the industry average of 0.86, suggesting the market is pricing in modest growth expectations relative to the company's actual guidance.
Estimate revisions have stalled. The stock holds a Zacks Rank of #3 (Hold), reflecting neutral analyst sentiment. The broader Financial - Miscellaneous Services industry ranks 161st out of 250-plus sectors, placing it in the bottom 35 percent—a headwind for any name in the space.
