- Upstart reported a fourth-quarter revenue of $219.0 million, which represents a 56% year-over-year increase and beat the estimated revenue of $181.8 million.
- The company achieved an adjusted earnings per share (EPS) of 26 cents, compared to a loss per share of 11 cents in the previous year. This result surpassed the estimated loss per share of 3.4 cents.
- Contribution profit came in at $121.9 million, marking a 28% increase from the previous year and exceeding the estimate of $111.5 million.
- Adjusted EBITDA was reported at $38.8 million, a significant rise from $0.62 million in the previous year, and well above the estimated $6.16 million.
- The adjusted EBITDA margin improved to 18%, a notable change from 0% in the prior year, and surpassed the estimated margin of 3.34%.
- Shares of Upstart increased by 14% in post-market trading, rising to $76.50 with 35,437 shares traded.
- Analyst recommendations for Upstart include 5 buys, 7 holds, and 6 sells.
Upstart Holdings on Smartkarma
Top independent analyst coverage on Upstart Holdings is buzzing on Smartkarma, a reputable investment research network. Baptista Research, a renowned provider on the platform, recently published insightful reports on Upstart Holdings. In one report titled “Upstart Holdings Inc. Breaks Barriers with High-Tech Automation for Explosive Efficiency Gains! – Major Drivers,” the analyst highlighted Upstart’s impressive third-quarter financial results. The company showcased significant developments, including a 43% sequential growth in lending volume and a return to positive adjusted EBITDA, exceeding expectations.
In another report by Baptista Research, titled “Upstart Holdings Inc.: Leveraging Co-investment Partnerships To Drive AI Investments! – Major Drivers,” the analyst discussed Upstart’s resilience and strategic initiatives amidst challenging macroeconomic conditions. CEO Dave Girouard’s leadership and the company’s focus on enhancing artificial intelligence models, funding strategies, and operational efficiency have been key drivers of Upstart’s positive trajectory. These reports shed light on Upstart Holdings’ promising growth potential and solid performance in the fintech sector.
A look at Upstart Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Upstart Holdings, Inc. is a holding company that uses cloud-based artificial intelligence technology to enhance access to credit and lower lending risks and costs for its banking partners. According to Smartkarma Smart Scores, Upstart Holdings has received varying ratings across different factors. Notably, the company scored highest in Momentum, indicating a strong positive market trend. This suggests that the company is experiencing significant growth or market interest currently.
However, the scores for other factors such as Value, Dividend, and Growth were relatively lower, signaling potential areas for improvement. While the company showed moderate ratings for Resilience, indicating a satisfactory ability to withstand economic challenges. Overall, Upstart Holdings’ Smart Scores suggest a mixed outlook, with strong momentum but areas that may require attention to enhance long-term performance.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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