The loan platform in Ai Powered Upstart (Nasdaq: Upst) will announce the results of the results tomorrow after the bell. Here’s what to expect.
Upstart beat analysts’ income expectations of 20.1% in the last quarter, declaring revenues of $ 219 million, up 56.1% over a year. This was an exceptional quarter for the company, with EBITDA forecasts for the next quarter exceeding the expectations of analysts.
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This quarter, analysts expect Upstart’s turnover to increase 58.7% over a year to 202.8 million dollars, improving compared to the 24.2% increase it recorded in the same quarter from last year. The adjusted profits should reach $ 0.17 per share.
Analysts covering the company have generally reconfirmed their estimates in the last 30 days, suggesting that they anticipate that the company remains during income. Upstart has missed Wall Street income estimates twice in the past two years.
Looking at the peers of UNSTART in the vertical software segment, some have already reported their first quarter results, giving us an indication of what we can expect. Cadence provided growth in annual slip income of 23.1%, meeting analysts’ expectations, and PTC said revenues up 5.5%, exceeding 5%estimates. Cadence exchanged 5.7% following the results while the PTC’s share price was unchanged.
Read our complete analysis of the rate results here and the results of PTC here.
There has been a positive feeling among investors in the vertical software segment, with equity prices increasing on an average of 14.1% in the last month. Upstart is up 31% in the same time and heads for profit with an average analyst price target of $ 73.92 (compared to the current share of $ 49.62).
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