Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is On Deck Capital (ONDK - 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.
On Deck Capital is one of 819 individual stocks in the Finance sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ONDK is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ONDK's full-year earnings has moved 211.11% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ONDK has returned about 44.77% since the start of the calendar year. In comparison, Finance companies have returned an average of -0.43%. This means that On Deck Capital is outperforming the sector as a whole this year.
Breaking things down more, ONDK is a member of the Financial - Miscellaneous Services industry, which includes 22 individual companies and currently sits at #160 in the Zacks Industry Rank. This group has lost an average of 7.10% so far this year, so ONDK is performing better in this area.
Going forward, investors interested in Finance stocks should continue to pay close attention to ONDK as it looks to continue its solid performance.