In the latest trading session, Enova International (ENVA - Free Report) closed at $23, marking a -0.78% move from the previous day. This change lagged the S&P 500's daily gain of 0.82%. At the same time, the Dow added 0.82%, and the tech-heavy Nasdaq gained 0.64%.
Prior to today's trading, shares of the online financial services company had lost 12.26% over the past month. This has lagged the Finance sector's loss of 4.06% and the S&P 500's loss of 4.58% in that time.
Wall Street will be looking for positivity from ENVA as it approaches its next earnings report date. The company is expected to report EPS of $0.63, up 6.78% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $281.85 million, up 11.27% from the prior-year quarter.
ENVA's full-year Zacks Consensus Estimates are calling for earnings of $3.37 per share and revenue of $1.28 billion. These results would represent year-over-year changes of +30.62% and +14.86%, respectively.
It is also important to note the recent changes to analyst estimates for ENVA. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. ENVA is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, ENVA is currently trading at a Forward P/E ratio of 6.88. This represents a discount compared to its industry's average Forward P/E of 7.4.
The Financial - Consumer Loans industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 6, which puts it in the top 3% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.