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Medical bill 😱
What are your overall thoughts on the earnings today? Looks like stock is selling off today #upstart #earnings
well there goes the unvested RSU of people who joined recently.
My rsu fell from 600k to 350k
ouch hope it recovers to 400 in 2-4 years.
I see open period there be more selling I guess
According to earnings call the beat was by small margin and investors were expecting more given the valuation
thats the first question that came from analyst about the magnitude of the beat. and the reporting error of 30m didn't help either : (
It is not the small margin beat, but the guidance is not good. The projected growth is leveling off to 60% next year and 30% in 2023. The grow is not great for the price.
Who said 60 percent?
FYI: `Quantitatively, the Q3 earnings report raises the concern of low revenue growth (i.e., decelerated QoQ growth, namely from 60% QoQ in Q3 to 18% QoQ in Q3). ` https://seekingalpha.com/article/4468861-implications-of-upstart-q3-earnings
I see alot of comments about Upstart and misinformation. We have beat earnings the last 4 quarters in 2021. It is un-heard for a company to be profitable recently out of IPO. Yet Upstart is! Auto loans & Mortgage loan is coming in and then the stock will skyrocket. Engineers are lucky to join now while the stock price is low but this will be the only time it will ever be low before it climbs back to $400
With increased inflation, could the company see downside? Also, hasn’t revenue from auto loan business already kicking in ?
According to lending club earnings call Inflation shouldn't affect unsecured sub/near-prime personal loans much Recession might but wouldn't people need more loans in a recession? But perhaps default risk is higher
It's seems common for sell offs after earning reports, excluding Tesla. That company forever will be an outlier.