Upstart Holdings (UPST) Tops Q2 EPS by 37c, Raises Guidance

Upstart Holdings (NASDAQ: UPST) reported Q2 EPS of $0.62, $0.37 better than the analyst estimate of $0.25. Revenue for the quarter came in at $194 million versus the consensus estimate of $157.76 million.

GUIDANCE:

Upstart Holdings sees Q3 2021 revenue of $205-215 million, versus the consensus of $161.6 million.

• Contribution Margin of approximately 45%
• Net Income of $18 to $22 million
• Adjusted Net Income of $28 to $32 million
• Adjusted EBITDA of $30 to $34 million
• Basic Weighted-Average Share Count of approximately 78.0 million shares
• Diluted Weighted-Average Share Count of approximately 94.9 million shares

Upstart Holdings sees FY2021 revenue of $750 million, versus the consensus of $601.1 million.

• Contribution Margin of approximately 45% (vs prior guidance of 42%)
• Adjusted EBITDA Margin of approximately 17% (vs prior guidance of 10%)

For earnings history and earnings-related data on Upstart Holdings (UPST) click here.

You May Also Be Interested In

• Broadcom (AVGO) Tops Q2 EPS by 5c, Offers Guidance
• Petco Health and Wellness (WOOF) Misses Q1 EPS by 6c
• Five Below (FIVE) Tops Q1 EPS by 53c, Beats on Revenue; Offers FY27 Guidance