Enova International (NYSE:ENVA) Releases Q2 2020 Pre-Market Earnings Guidance

Enova International (NYSE:ENVA) updated its second quarter 2020
Pre-Market earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.80-1.05 for the period, compared to the Thomson Reuters consensus estimate of $0.36. The company issued revenue guidance of $247-252 million, compared to the consensus revenue estimate of $304.92 million.

Several brokerages recently issued reports on ENVA. ValuEngine raised shares of Enova International from a strong sell rating to a sell rating in a report on Thursday, May 7th. Maxim Group cut shares of Enova International from a buy rating to a hold rating in a report on Tuesday, April 14th. Zacks Investment Research cut shares of Enova International from a hold rating to a sell rating in a report on Wednesday, May 27th. Finally, JMP Securities cut their price objective on shares of Enova International from $34.00 to $26.00 and set a market outperform rating for the company in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. Enova International presently has an average rating of Hold and a consensus target price of $29.67.

ENVA opened at $14.93 on Friday. Enova International has a fifty-two week low of $7.84 and a fifty-two week high of $29.33. The company has a debt-to-equity ratio of 2.49, a quick ratio of 10.37 and a current ratio of 10.37. The company has a fifty day moving average of $13.82 and a two-hundred day moving average of $17.90. The stock has a market capitalization of $448.48 million, a price-to-earnings ratio of 5.81 and a beta of 1.97.

Enova International (NYSE:ENVA) last released its earnings results on Tuesday, April 28th. The credit services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($1.08). The company had revenue of $362.20 million for the quarter, compared to analysts’ expectations of $337.82 million. Enova International had a return on equity of 21.27% and a net margin of 0.53%. The firm’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.27 EPS. On average, equities research analysts forecast that Enova International will post 0.33 earnings per share for the current year.

About Enova International

Enova International, Inc, a technology and analytics company, provides online financial services. The company offers short-term consumer loans; line of credit accounts; installment loans; receivables purchase agreements; CSO programs, including credit-related services, such as arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs comprising technology, loan servicing, and marketing services to the bank, as well as Enova Decisions, an analytics as a service that enables companies to take decisions about their customers.

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Earnings History and Estimates for Enova International (NYSE:ENVA)

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