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Is On Deck Capital (ONDK) Outperforming Other Finance Stocks This Year?

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Investors focused on the Finance space have likely heard of On Deck Capital , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.

On Deck Capital is a member of the Finance sector. This group includes 850 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ONDK is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for ONDK's full-year earnings has moved 211.11% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, ONDK has moved about 19.34% on a year-to-date basis. At the same time, Finance stocks have lost an average of 7.82%. This shows that On Deck Capital is outperforming its peers so far this year.

Looking more specifically, ONDK belongs to the Financial - Miscellaneous Services industry, a group that includes 30 individual stocks and currently sits at #160 in the Zacks Industry Rank. This group has lost an average of 13.23% so far this year, so ONDK is performing better in this area.

Investors with an interest in Finance stocks should continue to track ONDK. The stock will be looking to continue its solid performance.

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