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Upstart 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.
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) 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.
SAN MATEO, Calif.--(BUSINESS WIRE)--Upstart Announces Second Quarter 2024 Results.
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.
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.
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.
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 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) closed the most recent trading day at $26.11, moving +1.36% from the previous trading session.