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

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

NYSE ENVA opened at $14.34 on Friday. The company has a market capitalization of $458.40 million, a PE ratio of 5.94 and a beta of 1.97. The company has a fifty day moving average of $13.88 and a 200 day moving average of $17.86. Enova International has a 1 year low of $7.84 and a 1 year high of $29.33. The company has a debt-to-equity ratio of 2.49, a current ratio of 10.37 and a quick ratio of 10.37.

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

ENVA has been the subject of a number of research reports. JMP Securities decreased their target price on shares of Enova International from $34.00 to $26.00 and set a market outperform rating for the company in a research report on Wednesday, April 29th. Zacks Investment Research downgraded shares of Enova International from a hold rating to a sell rating in a research report on Wednesday, May 27th. Maxim Group downgraded shares of Enova International from a buy rating to a hold rating in a research report on Tuesday, April 14th. Finally, ValuEngine upgraded shares of Enova International from a strong sell rating to a sell rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $29.67.

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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