The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. On Deck Capital (ONDK - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of ONDK and the rest of the Finance group's stocks.
On Deck Capital is a member of our Finance group, which includes 865 different companies and currently sits at #7 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ONDK is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ONDK's full-year earnings has moved 35.71% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ONDK has returned 4.88% so far this year. Meanwhile, stocks in the Finance group have lost about 15.51% on average. This means that On Deck Capital is performing better than its sector in terms of year-to-date returns.
Looking more specifically, ONDK belongs to the Financial - Miscellaneous Services industry, a group that includes 30 individual stocks and currently sits at #89 in the Zacks Industry Rank. On average, this group has lost an average of 27.41% so far this year, meaning that ONDK is performing better in terms of year-to-date returns.
Going forward, investors interested in Finance stocks should continue to pay close attention to ONDK as it looks to continue its solid performance.