Earnings to watch: Upstart (UPST) reports Q3 results tomorrow

What happened

Upstart is scheduled to report its third-quarter results Tuesday morning. The article says analysts expect revenue to grow 32% year on year, slower than the 70.9% growth in the same quarter last year. Analysts generally reconfirmed their estimates over the past 30 days.

Confirmed

Global impact / market context

Revenue growth is a key measure of how much lending activity and related business Upstart is generating. If growth falls short of the 32% expectation, investors could reassess expected future revenue; if it meets or exceeds that pace, confidence in continued expansion may strengthen.

Analyst inference

The article reports that Upstart’s revenue grew 41.7% year on year to $364.7 million last quarter, but its full-year revenue guidance fell significantly short of analysts’ expectations. That contrast makes the coming results and any updated outlook relevant to judging the growth path.

Confirmed

What to watch

1. Compare reported third-quarter revenue growth with the 32% year-on-year expectation; the difference would show whether revenue is expanding faster or slower than analysts forecast. Analyst inference
2. Check whether Upstart changes its full-year revenue guidance, meaning its forecast for sales over the year, since the prior outlook missed analysts’ expectations significantly. Analyst inference
3. Look for evidence that the slower growth reflects a lasting change in the business or a temporary quarter; the article provides no results yet to settle that question. Analyst inference

Evidence

• stockstory.org