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Is LexinFintech Holdings Ltd. Sponsored (LX) Outperforming Other Finance Stocks This Year?

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Investors focused on the Finance space have likely heard of LexinFintech Holdings Ltd. Sponsored (LX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of LX and the rest of the Finance group's stocks.

LexinFintech Holdings Ltd. Sponsored is one of 854 companies in the Finance group. The Finance group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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. LX is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for LX's full-year earnings has moved 20.57% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that LX has returned about 47.03% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of 11.79% on a year-to-date basis. This means that LexinFintech Holdings Ltd. Sponsored is performing better than its sector in terms of year-to-date returns.

Looking more specifically, LX belongs to the Financial - Consumer Loans industry, a group that includes 22 individual stocks and currently sits at #11 in the Zacks Industry Rank. This group has gained an average of 27.01% so far this year, so LX is performing better in this area.

LX will likely be looking to continue its solid performance, so investors interested in Finance stocks should continue to pay close attention to the company.


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