Better-than-expected earnings sparked hope for a turnaround.Shares of fintech loan platform Upstart (UPST -1.20%) rocketed 44% higher through Thursday of this week, according to data from S&P Global Market Intelligence.The struggling fintech reported better-than-feared earnings amid operational improvements, along with a more optimistic outlook for the back half of the year. Given that the company has been thoroughly beaten down, about 95% below its 2021 highs, the stock rocketed higher on prospects for a t ...

J StudiosUpstart Holdings, Inc. (UPST) is our topic today. The company released its second-quarter results earlier this week, surpassing analysts' estimates, leading to a near 40% surge in its stock price. Given the velocity of the subsequent response, we decided to revise the asset, especially as the current financial market parameters are unstable. UPST Stock (Seeking Alpha)We last covered Upstart in April, assigning the stock a neutral rating. However, considering recent events, we decided to revise ...

A helpful metaphor for amateur investors to think of related to the market environment is that the major stock indices are the current, and individual stocks are fish within that current. In other words, most stocks will trend upwards in an up market, and in a down market, most stocks will succumb to the market’s weakness. Historical data tells us that roughly 75% of a stock’s move can be attributed to the underlying market trend in the major indices such as the S&P 500 Index ETF ((SPY) ), Dow Jones Industr ...

The business is still struggling, but results were better than expected.Shares of Upstart (UPST 44.20%) were surging today after the struggling consumer lending platform posted better-than-expected results in the second quarter and offered upbeat guidance for the third quarter, showing that the business may finally be returning to growth.As of 12:51 p.m. ET, the stock was up 48.6%. Upstart bounces backUpstart, which uses an AI-based model to screen prospective lenders to better assess creditworthiness and d ...

Upstart Holdings, Inc. UPST shares are jumping today after it reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates yesterday.The company reported an EPS loss of $0.17, which beat the analyst consensus loss estimate of $0.39, and revenue of $128 million, which beat the analyst consensus estimate of $124.54 million.For the third quarter of 2024, Upstart expects revenue of approximately $150 million vs. the $135.36 million estimate.Piper Sandl ...

Upstart Holdings, Inc. (UPST) reported $127.63 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 6%. EPS of -$0.17 for the same period compares to $0.06 a year ago.The reported revenue represents a surprise of +1.97% over the Zacks Consensus Estimate of $125.16 million. With the consensus EPS estimate being -$0.39, the EPS surprise was +56.41%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...

Nanci Santos/iStock via Getty Images Investment Thesis The notorious fintech Upstart (NASDAQ:UPST) reported Q2 2024 results that were better than expected, which led to its share price jumping more than 20% after hours. Meanwhile, if we move beyond the positive surprises of its better-than-expected EBITDA losses, I struggle to see how investors will be positively rewarded in this name. Particularly given that as it stands, investors are asked to pay around 50x next year's best-case EBITDA scenario, whil ...

Upstart TodayUPSTUpstart$23.87 +0.05 (+0.21%) 52-Week Range$19.84▼$60.50Price Target$23.05Add to WatchlistUpstart Holdings Inc. NASDAQ: UPST is a fintech that provides an artificial intelligence (AI) powered digital lending platform. The company is a disrupter in the financial services sector, promising to revolutionize lending by offering optimized data-driven credit availability to more borrowers. Its AI-based lending models assess creditworthiness via non-traditional data points and match and connect bor ...

财务数据和关键指标变化 - 第二季度收入为1.28亿美元,同比下降6%,但超出了公司的指引 [56] - 贷款交易量约为14.4万笔,同比增长31%,环比增长21% [57] - 平均贷款金额为7,700美元,低于上一季度的9,500美元,主要受小额贷款快速增长和较高利率对于大额贷款的压制 [58] - 贡献利润率为58%,与上一季度持平,超出了公司的指引 [59] - 自动化贷款比例创新高,达到91% [60] - 经营费用同比下降6%,主要受益于之前的裁员 [61] - 第二季度GAAP净亏损为5,400万美元,调整后EBITDA亏损900万美元,均优于公司指引 [62] 各条业务线数据和关键指标变化 - 个人贷款业务是公司的核心,公司正在持续提升模型准确性、欺诈检测、自动化水平等 [16][17][18][21][23] - 汽车贷款业务推出了新的定价模型和欺诈模型,贷款表现良好,正在向盈利目标努力 [27][28] - 小额贷款业务在第二季度实现了57%的环比增长,并在第二季度实现了盈亏平衡 [29][30][31] - 房地产抵押贷款业务已覆盖51%的美国人口,自动审批率从上季度的36%提升至42% [32][33] 各个市场数据和关键指标变化 - 公司正在逐步恢复银行和信用社等传统贷款合作伙伴,这些合作伙伴的需求增加,导致贷款利率有所下降 [41][42] - 公司已经将超过一半的机构资金来源转为长期承诺合作伙伴,减少了对公司自有资产的依赖 [36][37][38][39][40] 公司战略和发展方向及行业竞争 - 公司正在持续提升核心个人贷款业务的各项能力,并积极拓展汽车贷款、小额贷款和房地产抵押贷款等新业务线 [16][26][29][32] - 公司认为自身在AI建模能力方面处于行业领先地位,这是公司的核心竞争优势 [22][45] - 公司正在进行全面的业务和技术转型,以提升业务韧性和盈利能力 [11][12][44] 管理层对经营环境和未来前景的评论 - 管理层认为宏观经济环境正在好转,消费者信用状况正在逐步改善 [47][48][49][50][51] - 公司对未来前景持乐观态度,认为自身的模型改进和运营效率提升将是推动业务增长的主要动力,不需要依赖宏观环境改善 [12][67][70] 其他重要信息 - 公司推出了新的信用定价模型M18,可以更好地捕捉APR对借款人违约风险的影响 [19][20][21] - 公司的自动化贷款比例创新高,达到91% [23][24][25] - 公司正在大幅提升贷款服务和催收能力,以提升客户体验和降低成本 [34][35] 问答环节重要的提问和回答 问题1 **Mihir Bhatia 提问** 询问公司在第二季度和7月份的贷款需求和信用表现情况 [73][74] **Sanjay Datta 回答** 公司第三季度的指引反映了第二季度末和7月份的良好态势,主要得益于内部模型改进带来的转化率提升,而不是依赖于宏观环境改善 [76][77] 问题2 **Ramsey El-Assal 提问** 询问公司转化率的提升情况及未来趋势 [83][84] **Sanjay Datta 回答** 公司转化率的提升主要来自于模型准确性的持续改善,未来仍有较大提升空间 [84][85] 问题3 **Dan Dolev 提问** 询问利率下降对公司业务的潜在影响 [115][116][117] **Sanjany Datta 回答** 利率下降将直接降低公司借款人的融资成本,从而提升转化率,这将是公司业务的一大利好 [116][117]

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 56.41%. A quarter ago, it was expected that this company would post a loss of $0.38 per share when it actually produced a loss of $0.31, delivering a surprise of 18.42%.Over the last four quarters, the company h ...