Financial technology company Enova International NYSE:ENVA will be announcing earnings results this Thursday after market hours. Here’s what to expect.
Enova beat analysts’ revenue expectations last quarter, reporting revenues of $875.1 million, up 17.4% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a narrow beat of analysts’ EBITDA estimates.
Is Enova a buy or sell going into earnings? .
This quarter, the market is expecting Enova’s revenue to grow 19.1% year on year, slowing from the 21.6% 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 Q2 results, giving us a hint as to what we can expect. Capital One delivered year-on-year revenue growth of 26%, meeting analysts’ expectations, and Synchrony Financial reported revenues up 1.9%, falling short of estimates by 0.7%.
Read our full analysis of and .
There has been positive sentiment among investors in the consumer finance segment, with share prices up 5.8% on average over the last month. Enova is up 11.6% during the same time and is heading into earnings with an average analyst price target of $250.71 (compared to the current share price of $228.53).
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