| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Upstart Holdings, Inc. (NASDAQ:UPST) stock slid after the company released its third-quarter earnings report after Tuesday's closing bell, missing revenue estimates for the quarter.
Here's a look at the details in the report.
The Details: Upstart reported quarterly earnings of 52 cents per share, which beat the Street estimate of 42 cents.
Quarterly revenue came in at $277.1 million, which missed the consensus estimate of $279.62 million.
Read Next: Michael Burry Is Super-Bearish On Palantir — With 5 Million Puts
Upstart reported transaction volume of 428,056 loans originated, up 128% year-over-year, reflecting a 20.6% conversion rate, up from 16.3%. Total originations were roughly $2.9 billion, up 80% year-over-year.
“In Q3, we continued to execute on our 2025 game plan of rapid growth, profitability, and AI leadership — all anchored in exceptional credit performance. The results include 80% year-on-year growth in originations with 71% growth in revenue, and a sixfold sequential increase in GAAP net income,” said Dave Girouard, CEO of Upstart.
Outlook: Upstart expects fourth-quarter revenue of $288 million, versus the $303.61 million analyst estimate, and lowered its fiscal 2025 revenue outlook from $1.05 billion to $1.03 billion, versus the $1.05 billion estimate.
UPST Stock Price: According to data from Benzinga Pro, Upstart stock was down 6.57% at $43.32 in Tuesday's extended trading.
Read Next:
Photo: Shutterstock
Posted In: UPST
