Investors focused on the Finance space have likely heard of Qudian Inc. Sponsored (QD), 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.
Qudian Inc. Sponsored is a member of our Finance group, which includes 855 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. QD is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for QD's full-year earnings has moved 30.86% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that QD has returned about 87.65% since the start of the calendar year. Meanwhile, stocks in the Finance group have gained about 8.95% on average. As we can see, Qudian Inc. Sponsored is performing better than its sector in the calendar year.
Breaking things down more, QD is a member of the Financial - Consumer Loans industry, which includes 22 individual companies and currently sits at #15 in the Zacks Industry Rank. This group has gained an average of 28.04% so far this year, so QD is performing better in this area.
Investors in the Finance sector will want to keep a close eye on QD as it attempts to continue its solid performance.
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