On Deck Capital (ONDK - Free Report) closed at $7.37 in the latest trading session, marking a -1.86% move from the prior day. This change was narrower than the S&P 500's daily loss of 3.24%. Elsewhere, the Dow lost 3.1%, while the tech-heavy Nasdaq lost 3.8%.
Heading into today, shares of the small business lender had gained 8.21% over the past month, outpacing the Finance sector's gain of 2.45% and the S&P 500's gain of 2.73% in that time.
Investors will be hoping for strength from ONDK as it approaches its next earnings release, which is expected to be February 12, 2019. On that day, ONDK is projected to report earnings of $0.16 per share, which would represent year-over-year growth of 60%. Our most recent consensus estimate is calling for quarterly revenue of $105.50 million, up 20.25% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.53 per share and revenue of $394.55 million, which would represent changes of +5200% and +12.42%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for ONDK. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 35.71% higher within the past month. ONDK is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, ONDK currently has a Forward P/E ratio of 14.28. This valuation marks a premium compared to its industry's average Forward P/E of 11.79.
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 104, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.