In the latest trading session, On Deck Capital (ONDK - Free Report) closed at $7.14, marking a +0.14% move from the previous day. The stock lagged the S&P 500's daily gain of 0.45%. At the same time, the Dow added 0.51%, and the tech-heavy Nasdaq gained 0.42%.
Coming into today, shares of the small business lender had gained 0.71% in the past month. In that same time, the Finance sector lost 0.84%, while the S&P 500 lost 1.64%.
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. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $105.50 million, up 20.25% from the year-ago period.
Investors should also note any recent changes to analyst estimates for ONDK. Recent revisions tend to reflect the latest near-term business trends. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ONDK is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that ONDK has a Forward P/E ratio of 13.2 right now. This valuation marks a premium compared to its industry's average Forward P/E of 9.9.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 168, which puts it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow ONDK in the coming trading sessions, be sure to utilize Zacks.com.