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