Upstart Holdings, Inc. (UPST)
Upstart Holdings, Inc. (UPST) Q2 2024 Earnings Call Transcript
Upstart Holdings, Inc. (NASDAQ:UPST ) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Dave Girouard - Co-Founder, Chief Executive Officer Sanjay Datta - Chief Financial Officer Cindy Moon - Lead Corporate & Securities Counsel Conference Call Participants Mihir Bhatia - Bank of America Ramsey El-Assal - Barclays Kyle Peterson - Needham Peter Christiansen - Citigroup James Faucette - Morgan Stanley Dan Dolev - Mizuho Giuliano Bologna - Compass Point Rob Wildhack - Autonomous Research Simon Clinch - Redburn Atlantic Vincent Caintic - BTIG Reggie Smith - JP Morgan Arvind Ramnani - Piper Sandler Operator Good day everyone! And welcome to the Upstart Second Quarter 2024 Earnings Conference Call.
Upstart Holdings, Inc. (UPST) Reports Q2 Loss, Tops Revenue Estimates
Upstart Holdings, Inc. (UPST) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.39. This compares to earnings of $0.06 per share a year ago.
What Analyst Projections for Key Metrics Reveal About Upstart (UPST) Q2 Earnings
Beyond analysts' top -and-bottom-line estimates for Upstart (UPST), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.
Where Will Upstart Stock Be in 1 Year?
Upstart's sales increased year over year in the first quarter, but it's guiding for another decrease in the second quarter. Its business could turn around as soon as interest rates come down.
What's in the Offing for Upstart (UPST) This Earnings Season?
Upstart's (UPST) Q2 results are likely to reflect a negative impact from the weakening lending market and growing conservatism among lenders amid ongoing macroeconomic uncertainties.
Analysts Estimate Upstart Holdings, Inc. (UPST) to Report a Decline in Earnings: What to Look Out for
Upstart (UPST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Upstart Is Great. Here's Why You Shouldn't Buy It.
Upstart focused on developing artificial intelligence (AI) capabilities long before it became popular. The business is unprofitable and cyclical, which adds a tremendous amount of risk for investors.
Upstart Holdings, Inc. (UPST) Laps the Stock Market: Here's Why
Upstart Holdings, Inc. (UPST) closed the most recent trading day at $26.11, moving +1.36% from the previous trading session.
3 Hypergrowth AI Stocks Every Investor Must Own
Artificial intelligence is the hottest sector on Wall Street right now. Indeed, it seems like every day, a new AI startup is popping up.
Is Trending Stock Upstart Holdings, Inc. (UPST) a Buy Now?
Upstart (UPST) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Should You Buy Upstart While It's Below $30?
Upstart's AI-lending models allow it to approve more borrowers at lower interest rates. The higher interest rate environment has resulted in slow demand for Upstart's loans from consumers and lending partners.
Navigating Uncertainty: Understanding The Risks And Rewards Of Investing In Upstart Holdings
Upstart Holdings uses AI for lending decisions, but a lack of historical data through a recession makes it unproven against traditional credit models. The stock dropped 92% from its all-time high in 2021 to today due to interest rate sensitivity and lack of a proven business model. Most investors would probably be better off avoiding this high-risk, volatile stock.
