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Is LexinFintech Holdings Ltd. Sponsored (LX) Stock Outpacing Its Finance Peers This Year?

Zacks Equity Research

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? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.

LexinFintech Holdings Ltd. Sponsored is a member of the Finance sector. This group includes 856 individual stocks and currently holds a Zacks Sector Rank of #13. 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 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).

Within the past quarter, the Zacks Consensus Estimate for LX's full-year earnings has moved 16.31% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Our latest available data shows that LX has returned about 90.35% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of 14.38% on a year-to-date basis. This means that LexinFintech Holdings Ltd. Sponsored is outperforming the sector as a whole this year.

Breaking things down more, LX is a member of the Financial - Consumer Loans industry, which includes 22 individual companies and currently sits at #25 in the Zacks Industry Rank. Stocks in this group have gained about 31.25% so far this year, so LX is performing better this group in terms of year-to-date returns.

Investors with an interest in Finance stocks should continue to track LX. The stock will be looking to continue its solid performance.

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LexinFintech Holdings Ltd. Sponsored ADR (LX) : Free Stock Analysis Report
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