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Is LexinFintech Holdings Ltd. Sponsored (LX) Stock Outpacing Its Finance Peers This Year?

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The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. LexinFintech Holdings Ltd. Sponsored (LX - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of LX and the rest of the Finance group's stocks.

LexinFintech Holdings Ltd. Sponsored is one of 856 companies in the Finance group. The Finance group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. LX is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for LX's full-year earnings has moved 18.84% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, LX has moved about 90.90% on a year-to-date basis. At the same time, Finance stocks have gained an average of 13.19%. This means that LexinFintech Holdings Ltd. Sponsored is performing better than its sector in terms of year-to-date returns.

Breaking things down more, LX is a member of the Financial - Consumer Loans industry, which includes 22 individual companies and currently sits at #34 in the Zacks Industry Rank. On average, this group has gained an average of 24.66% so far this year, meaning that LX is performing better in terms of year-to-date returns.

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


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