Generac, Upstart, Zillow: Trending Tickers
Generac Holdings (GNRC) shares fall after missing on sales estimates in its fourth-quarter earnings results.
Upstart (UPST) warns of headwinds to the credit environment after falling short of guidance expectations.
Lastly, Zillow Group (ZG, Z) beats fourth-quarter earnings estimates despite housing market slowdowns.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Video Transcript
BRAD SMITH: We are about 30 minutes into the start of the trading day. Let's take a look at how things are shaping up right now. Stocks are higher today following a deep sell-off Tuesday. The Dow had its worst day in about a year. Now things looking brighter for the market.
RACHELLE AKUFFO: Indeed. But also taking a look at some individual trending tickers. Shares of Generac moving to the downside on the company's quarterly results. The company missing the Street's estimates despite an uptick in demand for home standby generators. Generac also issuing downbeat guidance driven by weakness in its industrial and commercial business.
BRAD SMITH: And another stock in the red today, Upstart. Shares falling as the company missed expectations for guidance. And analysts at JP Morgan calling the outlook a shock, saying they assumed the business was right-sized. Upstart CFO warned about the current credit environment, saying that richer borrowers are seeing a rising delinquencies.
RACHELLE AKUFFO: And also watching shares of Zillow moving higher this morning. That's despite issuing softer Q1 EBITDA guidance on the online real estate giant, beating on the top and bottom line, as Zillow continues to navigate headwinds in the housing market.
