In the latest trading session, Lexinfintech Holdings (LX) closed at $13.59, marking a +0.74% move from the previous day. This change outpaced the S&P 500's 0.11% gain on the day. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.19%.
Coming into today, shares of the online consumer finance company had gained 29.34% in the past month. In that same time, the Finance sector gained 5.05%, while the S&P 500 gained 4.42%.
Investors will be hoping for strength from LX as it approaches its next earnings release. On that day, LX is projected to report earnings of $0.29 per share, which would represent year-over-year growth of 93.33%.
LX's full-year Zacks Consensus Estimates are calling for earnings of $1.64 per share and revenue of $938.51 million. These results would represent year-over-year changes of -2.38% and -12.38%, respectively.
Any recent changes to analyst estimates for LX should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. LX is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that LX has a Forward P/E ratio of 8.23 right now. This represents a no noticeable deviation compared to its industry's average Forward P/E of 8.23.
The Financial - Consumer Loans industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 17, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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 LX in the coming trading sessions, be sure to utilize Zacks.com.
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