The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is LexinFintech Holdings Ltd. Sponsored (LX - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
LexinFintech Holdings Ltd. Sponsored is one of 828 individual stocks in the Finance sector. Collectively, these companies sit at #6 in 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 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. LX is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for LX's full-year earnings has moved 404.41% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, LX has moved about 3.88% on a year-to-date basis. In comparison, Finance companies have returned an average of -3.62%. 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 18 individual stocks and currently sits at #26 in the Zacks Industry Rank. On average, this group has lost an average of 1.37% 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.