Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has On Deck Capital (ONDK - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
On Deck Capital is one of 866 companies in the Finance group. The Finance group currently sits at #9 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. ONDK is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ONDK's full-year earnings has moved 35.71% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ONDK has moved about 28.40% on a year-to-date basis. Meanwhile, stocks in the Finance group have lost about 6.90% on average. 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 30 individual companies and currently sits at #152 in the Zacks Industry Rank. This group has lost an average of 15.74% so far this year, so ONDK is performing better in this area.
ONDK will likely be looking to continue its solid performance, so investors interested in Finance stocks should continue to pay close attention to the company.