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Is On Deck Capital (ONDK) Stock Outpacing Its Finance Peers 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? One simple way to answer this question is to take a look at the year-to-date performance of ONDK and the rest of the Finance group's stocks.

On Deck Capital is one of 867 individual stocks in the Finance sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. ONDK is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for ONDK's full-year earnings has moved 35.71% 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 31.18% on a year-to-date basis. In comparison, Finance companies have returned an average of -5.35%. As we can see, On Deck Capital is performing better than its sector in the calendar year.

Looking more specifically, ONDK belongs to the Financial - Miscellaneous Services industry, which includes 30 individual stocks and currently sits at #113 in the Zacks Industry Rank. Stocks in this group have lost about 14.84% so far this year, so ONDK is performing better this group in terms of year-to-date returns.

Investors in the Finance sector will want to keep a close eye on ONDK as it attempts to continue its solid performance.

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