Friday, October 28, 2022 – Enova International Inc. (ENV) reported higher earnings and revenue today.

The consensus among Enova International Inc. analysts was for earnings per share (EPS) of $1.64. The company was able to beat those projections, recording EPS of $1.74, a positive surprise of $0.1 (6%). Earnings rose 16% year-over-year after posting EPS of $1.50 in the year-ago quarter. The positive growth rate indicates that the financial services company is doing well in recent economic conditions.

Revenue was optimistic at $456.2 million. This represents a 42.49% increase in revenue over the prior year’s report and 2.83% above the consensus estimate of $443.7 million.

The stock is up 5.79% at $35.10 after the report.

Enova International Inc.’s revenues grew at a faster rate than profits, signaling declining profit margins.

The average recommendation from Wall Street analysts was a strong buy which could be revised based on this new data.

Trading in the five days leading up to the report earned Enova International Inc. a bullish sentiment ranking of InvestorsObserver.

Before the report InvestorsObserver gave the stock an overall rating of 65. Meanwhile, the average Wall Street analyst rated the stock as a strong buy.

Enova International Inc provides online financial services including short term consumer loans, line of credit accounts and installment loans to customers primarily in the US and UK. Consumers apply for credit online, receive a decision almost immediately, and can receive funds within a day. Enova acts as a third party lender or facilitator between borrowers and other lenders. The Company derives revenue from interest income, finance charges and other fees, including fees on transactions between borrowers and third-party lenders. Nearly 80% of all revenue comes from the United States. The company earns similar revenues for each of its three different products: short-term loans, lines of credit and installment loans.