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Upstart Holdings Tops Q1 EPS by 7c, Guidance Misses Consensus

Published 10/05/2022, 06:42 am
UPST
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Upstart Holdings (NASDAQ:UPST) reported Q1 EPS of $0.61, $0.07 better than the analyst estimate of $0.54. Revenue for the quarter came in at $310 million versus the consensus estimate of $300.25 million.

GUIDANCE:

Upstart Holdings sees Q2 2022 revenue of $295-305 million, versus the consensus of $335 million.

  • Revenue of $295 to $305 million
  • Contribution Margin of approximately 45%
  • Net Income of ($4) to $0 million
  • Adjusted Net Income of $28 to $30 million
  • Adjusted EBITDA of $32 to $34 million
  • Basic Weighted-Average Share Count of approximately 85.0 million shares
  • Diluted Weighted-Average Share Count of approximately 96.2 million shares

Upstart Holdings sees FY2022 revenue of $1.25 billion, versus the consensus of $1.4 billion.

  • Revenue of approximately $1.25 billion
  • Contribution Margin of approximately 48%
  • Adjusted EBITDA of approximately 15%

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