Upstart Holdings, Inc. (UPST) Stock Sinks As Market Gains: Here's Why

Upstart Holdings (UPST) declined 2.01% to $23.86, underperforming the S&P 500's 0.58% gain. The company is anticipated to report Q earnings of $0.6 EPS (up 15.38% YoY) and revenue of $364.63 million (up 31.58% YoY). Full-year consensus estimates project $2.2 EPS and $1.42 billion revenue. However, UPST holds a Zacks Rank #4 (Sell) rating with a Forward P/E of 11.07, trading at a discount to its industry average.