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? 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 855 companies in the Finance group. The Finance group currently sits at #7 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 #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ENVA's full-year earnings has moved 6.98% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that ENVA has returned about 20.25% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of 10.24% on a year-to-date basis. 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, a group that includes 22 individual stocks and currently sits at #17 in the Zacks Industry Rank. Stocks in this group have gained about 31.25% so far this year, so ENVA is slightly underperforming its industry this group in terms of year-to-date returns.
Investors in the Finance sector will want to keep a close eye on ENVA as it attempts to continue its solid performance.