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? 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 one of 819 companies in the Finance group. The Finance group currently sits at #10 within 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 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 #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ENVA's full-year earnings has moved 3.50% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, ENVA has gained about 125% so far this year. At the same time, Finance stocks have gained an average of 0.37%. This means that Enova International is performing better than its sector in terms of year-to-date returns.
To break things down more, ENVA belongs to the Financial - Consumer Loans industry, a group that includes 18 individual companies and currently sits at #97 in the Zacks Industry Rank. On average, stocks in this group have gained 3.81% 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.