Upstart (NASDAQ:UPST) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.220-0.260 for the period, compared to the Thomson Reuters consensus estimate of $0.110. The company issued revenue guidance of $150 million-160 million, compared to the consensus revenue estimate of $117.13 million.Upstart also updated its FY 2021 guidance to $- EPS.
Shares of Upstart stock traded down $10.84 on Friday, hitting $135.58. The company’s stock had a trading volume of 48,676 shares, compared to its average volume of 2,783,629. Upstart has a 1 year low of $22.61 and a 1 year high of $191.89. The firm’s fifty day moving average is $123.51.
Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, May 11th. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.07. The business had revenue of $121.35 million during the quarter, compared to analysts’ expectations of $116.16 million. During the same quarter in the prior year, the firm earned $0.05 EPS. Upstart’s revenue for the quarter was up 89.6% on a year-over-year basis. Sell-side analysts anticipate that Upstart will post 0.31 earnings per share for the current fiscal year.
Upstart Holdings, Inc operates a cloud- based artificial intelligence (AI) lending platform. The company's platform aggregates consumer demand for loans and connects it to its network of the company's AI- enabled bank partners. Its platform connects consumers, banks, and institutional investors through a shared AI lending platform.
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