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Is Enova International (ENVA) Outperforming Other Finance Stocks This Year?

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Investors focused on the Finance space have likely heard of Enova International (ENVA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Enova International is one of 854 companies in the Finance group. The Finance group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ENVA is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for ENVA's full-year earnings has moved 10.50% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, ENVA has moved about 19.12% on a year-to-date basis. Meanwhile, the Finance sector has returned an average of 10.67% on a year-to-date basis. This means that Enova International is performing better than its sector in terms of year-to-date returns.

Looking more specifically, ENVA belongs to the Financial - Consumer Loans industry, a group that includes 22 individual stocks and currently sits at #6 in the Zacks Industry Rank. This group has gained an average of 27.01% so far this year, so ENVA is slightly underperforming its industry in this area.

Investors with an interest in Finance stocks should continue to track ENVA. The stock will be looking to continue its solid performance.


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