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

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The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Enova International (ENVA - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.

Enova International is a member of the Finance sector. This group includes 900 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ENVA is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for ENVA's full-year earnings has moved 7.89% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, ENVA has moved about 42.35% on a year-to-date basis. In comparison, Finance companies have returned an average of 12.47%. This means that Enova International is outperforming the sector as a whole this year.

Looking more specifically, ENVA belongs to the Financial - Consumer Loans industry, which includes 21 individual stocks and currently sits at #54 in the Zacks Industry Rank. On average, stocks in this group have gained 23.15% this year, meaning that ENVA is performing better 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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