3 Things Investors Need to Know Heading Into Upstart's Q2 Earnings
Lending technology company Upstart Holdings (NASDAQ: UPST), which uses artificial intelligence to determine consumers' ability to repay loans, is getting ready to report its second-quarter earnings for 2021 on Aug. 10. Investors are looking to earnings to push shares higher again after the stock has fallen 37% from its highest price this year. Here are three crucial things for investors to focus on when Upstart reports.
Upstart has reported two quarters since going public in December 2020, beating revenue estimates both times, by 18% in the fourth quarter of 2020 and 5% in the first quarter of 2021. As a newly public company, investors are looking for a track record of how the business performs against expectations.
Upstart continually beating analyst estimates could signal its ability to perform at a high level. The revenue beats can compound over time, leading to a stock growing into its valuation faster.
Source Fool.com
