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Is LexinFintech Holdings Ltd. Sponsored (LX) Outperforming Other Finance Stocks This Year?

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For those looking to find strong Finance stocks, it is prudent to search for companies in the group 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? 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.

LexinFintech Holdings Ltd. Sponsored is one of 854 individual stocks in the Finance sector. Collectively, these companies sit at #10 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 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. 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 20.57% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that LX has returned about 72.83% since the start of the calendar year. Meanwhile, stocks in the Finance group have gained about 11.08% on average. This shows that LexinFintech Holdings Ltd. Sponsored is outperforming its peers so far this year.

Looking more specifically, LX belongs to the Financial - Consumer Loans industry, a group that includes 22 individual stocks and currently sits at #19 in the Zacks Industry Rank. On average, this group has gained an average of 27.01% 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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