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Upstart Holdings, Inc. (UPST) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Upstart Holdings, Inc. (UPST) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Upstart achieved an all-time high in its automated credit origination process in the fourth quarter. The artificial intelligence (AI) lending marketplace had 89% of its unsecured loans approved through an instant and fully automated process during the quarter ended Dec. 31, Upstart said in a presentation released Tuesday (Feb. 13) in conjunction with the company's quarterly earnings call.

Upstart Holdings, Inc. (UPST) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.25 per share a year ago.

Upstart Holdings Inc. whiffed with its outlook for the current quarter, even as it beat top-line expectations in the most recent one.

The negative impact of tightening funding by banks and financial institutions in a challenging macroeconomic environment is likely to have hurt Upstart Holdings' (UPST) Q4 performance.

Upstart's platform approves loans at a higher rate than the traditional credit score, but it can't approve as many applications in the high interest-rate environment. Sales have declined for five consecutive quarters.

The latest trading day saw Upstart Holdings, Inc. (UPST) settling at $33.90, representing a -1.19% change from its previous close.

Beyond analysts' top -and-bottom-line estimates for Upstart Holdings, Inc. (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 December 2023.

Upstart Holdings, Inc. (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.