Has Enova International (ENVA) Outpaced Other Finance Stocks This Year?

ENVA

Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is Enova International (ENVA - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.

Enova International is one of 854 individual stocks in the Finance sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ENVA is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for ENVA's full-year earnings has moved 10.44% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that ENVA has returned about 18.14% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of 12.13% on a year-to-date basis. This means that Enova International is performing better than its sector in terms of year-to-date returns.

Breaking things down more, ENVA is a member of the Financial - Consumer Loans industry, which includes 22 individual companies and currently sits at #15 in the Zacks Industry Rank. On average, stocks in this group have gained 28.87% this year, meaning that ENVA is slightly underperforming its industry in terms of year-to-date returns.

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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