Financial technology company Enova International (NYSE:ENVA) will be reporting results this Thursday after the bell. Here’s what investors should know.
Enova beat analysts’ revenue expectations last quarter, reporting revenues of $928.9 million, up 21.6% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a beat of analysts’ EPS estimates.
Is Enova a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Enova’s revenue to grow 24.9% year on year, improving from the 16.3% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Enova has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Enova’s peers in the consumer finance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Capital One delivered year-on-year revenue growth of 5.5%, meeting analysts’ expectations, and Synchrony Financial reported flat revenue, in line with consensus estimates.
Read our full analysis of Capital One’s results here and Synchrony Financial’s results here.
In the last year or so, investors have shifted their focus from one macro dynamic to the next (AI disintermediation and AI investment to geopolitical conflict, interest rates, and the health of the wider economy). While some of the consumer finance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.3% on average over the last month. Enova is up 4.7% during the same time and is heading into earnings with an average analyst price target of $238.50 (compared to the current share price of $179.43).
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