Upstart Holdings (UPST) Tops Q1 EPS by 35c, Offers Guidance

Upstart Holdings (NASDAQ: UPST) reported Q1 EPS of ($0.47), $0.35 better than the analyst estimate of ($0.82). Revenue for the quarter came in at $103 million versus the consensus estimate of $99.72 million.

GUIDANCE:

Upstart Holdings sees Q2 2023 revenue of $135 million, versus the consensus of $133 million.

• Revenue From Fees of approximately $130 million
• Net Interest Income (Loss) of approximately $5 million
• Contribution Margin of approximately 60%
• Net Income (Loss) of approximately ($40) million
• Adjusted Net Income (Loss) of approximately ($7) million
• Adjusted EBITDA of approximately $0 million
• Basic Weighted-Average Share Count of approximately 83.1 million shares
• Diluted Weighted-Average Share Count of approximately 83.1 million shares

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

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