Financial technology company Enova International (NYSE:ENVA) will be reporting earnings this Tuesday afternoon. Here’s what to expect.
Enova met analysts’ revenue expectations last quarter, reporting revenues of $802.7 million, up 16.3% year on year. It was a strong quarter for the company, with 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, analysts are expecting Enova’s revenue to grow 14.9% year on year to $838.1 million, slowing from the 25% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.17 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Enova has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Enova’s peers in the consumer finance segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Sallie Mae delivered year-on-year revenue growth of 16.4%, beating analysts’ expectations by 1%, and Ally Financial reported revenues up 3.7%, topping estimates by 0.9%. Sallie Mae traded up 6.2% following the results while Ally Financial was down 1%.
Read our full analysis of Sallie Mae’s results here and Ally Financial’s results here.
Investors in the consumer finance segment have had steady hands going into earnings, with share prices flat over the last month. Enova is down 3.3% during the same time and is heading into earnings with an average analyst price target of $184.50 (compared to the current share price of $157.32).
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