On Deck Capital (ONDK - Free Report) closed at $7.03 in the latest trading session, marking a -1.68% move from the prior day. This move lagged the S&P 500's daily loss of 0.04%. Meanwhile, the Dow lost 0.22%, and the Nasdaq, a tech-heavy index, added 0.16%.
Prior to today's trading, shares of the small business lender had lost 10.96% over the past month. This has lagged the Finance sector's loss of 5.92% and the S&P 500's loss of 4.99% in that time.
Wall Street will be looking for positivity from ONDK as it approaches its next earnings report date. This is expected to be February 12, 2019. The company is expected to report EPS of $0.16, up 60% from the prior-year quarter. 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 $0.54 per share and revenue of $394.55 million, which would represent changes of +5300% and +12.42%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for ONDK. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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. Within the past 30 days, our consensus EPS projection remained stagnant. ONDK is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, ONDK currently has a Forward P/E ratio of 13.29. For comparison, its industry has an average Forward P/E of 10.43, which means ONDK is trading at a premium to the group.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 103, which puts 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.