Investors focused on the Finance space have likely heard of LexinFintech Holdings Ltd. Sponsored (LX), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
LexinFintech Holdings Ltd. Sponsored is one of 856 individual stocks in the Finance sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the 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 18.84% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, LX has gained about 53.24% so far this year. Meanwhile, stocks in the Finance group have gained about 10.84% on average. This means that LexinFintech Holdings Ltd. Sponsored is outperforming the sector as a whole this year.
Looking more specifically, LX belongs to the Financial - Consumer Loans industry, a group that includes 22 individual stocks and currently sits at #55 in the Zacks Industry Rank. This group has gained an average of 19.76% so far this year, so LX is performing better in this area.
Going forward, investors interested in Finance stocks should continue to pay close attention to LX as it looks to continue its solid performance.
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