On Deck Capital closed at $6.93 in the latest trading session, marking a +0.43% move from the prior day. This move lagged the S&P 500's daily gain of 1.09%. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 2.01%.
Heading into today, shares of the small business lender had lost 4.83% over the past month, outpacing the Finance sector's loss of 5.44% and the S&P 500's loss of 7.81% in that time.
ONDK will be looking to display strength as it nears its next earnings release, which is expected to be November 6, 2018. The company is expected to report EPS of $0.11, up 1200% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $98.37 million, up 17.57% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.44 per share and revenue of $384.67 million. These totals would mark changes of +4300% and +9.61%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for ONDK. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. ONDK is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that ONDK has a Forward P/E ratio of 15.61 right now. This represents a premium compared to its industry's average Forward P/E of 11.97.
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 155, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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On Deck Capital (ONDK) Gains But Lags Market: What You Should Know
On Deck Capital closed at $6.93 in the latest trading session, marking a +0.43% move from the prior day. This move lagged the S&P 500's daily gain of 1.09%. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 2.01%.
Heading into today, shares of the small business lender had lost 4.83% over the past month, outpacing the Finance sector's loss of 5.44% and the S&P 500's loss of 7.81% in that time.
ONDK will be looking to display strength as it nears its next earnings release, which is expected to be November 6, 2018. The company is expected to report EPS of $0.11, up 1200% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $98.37 million, up 17.57% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.44 per share and revenue of $384.67 million. These totals would mark changes of +4300% and +9.61%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for ONDK. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. ONDK is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that ONDK has a Forward P/E ratio of 15.61 right now. This represents a premium compared to its industry's average Forward P/E of 11.97.
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 155, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.