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

• Upstart Holdings, Inc. reported quarterly adjusted earnings of 62 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 52 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 63 cents per share. Wall Street expected results to range from 45 cents to 87 cents per share.

• Revenue rose 31.4% to $364.03 million from a year ago; analysts expected $359.87 million.

• Upstart Holdings, Inc.'s reported EPS for the quarter was 33 cents​.

• The company reported quarterly net income of $36.58 million.

• Upstart Holdings, Inc. shares had fallen by 7.3% this quarter and lost 51.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.5% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the consumer lending peer group is also "buy"

• Wall Street's median 12-month price target for Upstart Holdings, Inc. is $38.50, about 44.6% above its last closing price of $21.31

This summary was machine generated from LSEG data November 3 at 02:32 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)