Upstart Sees Q2 Revenue ~$125M vs $140.83M Est., Revenue From Fees Of ~$135M; Sees Positive EBITDA In Q4
Portfolio Pulse from Benzinga Newsdesk
Upstart Holdings, Inc. (UPST) forecasts Q2 revenue to be around $125 million, falling short of the estimated $140.83 million. The company expects revenue from fees to be approximately $135 million and anticipates achieving positive EBITDA in Q4.
May 07, 2024 | 8:13 pm
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Upstart Holdings, Inc. (UPST) anticipates Q2 revenue to be around $125 million, below the expected $140.83 million, with fee revenue at about $135 million and a positive EBITDA forecast for Q4.
The projected revenue shortfall for Q2 compared to analyst estimates is likely to negatively impact investor sentiment in the short term. However, the anticipation of positive EBITDA in Q4 could mitigate some of the negative sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100