[Financial Highlights](index=1&type=section&id=First%20Quarter%202025%20Summary) Enova reported strong Q1 2025 results, with **revenue increasing 22% to $746 million** and **diluted EPS growing 64% to $2.69**, reflecting solid demand and credit quality - CEO David Fisher emphasized that **solid demand and stable credit quality** reflect strong customer segments, expressing confidence in delivering profitable growth amid economic volatility[3](index=3&type=chunk) Q1 2025 Key Performance Indicators (YoY) | Metric | Q1 2025 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | Total Revenue | $746 million | $610 million | +22% | | Originations | $1.7 billion | $1.38 billion | +26% | | Net Income | $73 million | $48 million | +51% | | Diluted EPS | $2.69 | $1.64 | +64% | | Adjusted EPS¹ | $2.98 | $1.91 | +56% | | Adjusted EBITDA¹ | $190 million | $149 million | +27% | | Net Charge-off Ratio | 8.6% | 8.5% | Stable | - Credit performance remained strong, with a **stable net revenue margin of 57%** and a **stable consolidated portfolio fair value premium of 115%**, while the **30+ day delinquency ratio improved to 7.7%** year-over-year[6](index=6&type=chunk) - The company maintained **strong liquidity of $1.1 billion** as of March 31, 2025, and **repurchased $63 million of common stock** during the quarter[6](index=6&type=chunk)[7](index=7&type=chunk) [Financial Statements](index=5&type=section&id=Financial%20Statements) This section presents Enova's unaudited consolidated financial statements for Q1 2025, encompassing Balance Sheets, Statements of Income, and Cash Flow [Consolidated Balance Sheets](index=5&type=section&id=CONSOLIDATED%20BALANCE%20SHEETS) As of March 31, 2025, Enova's **total assets grew to $5.46 billion**, with **total liabilities at $4.26 billion** and **total stockholders' equity at $1.20 billion** Selected Balance Sheet Data (in thousands USD) | Account | March 31, 2025 | March 31, 2024 | December 31, 2024 | | :--- | :--- | :--- | :--- | | Cash and cash equivalents | $55,514 | $76,458 | $73,910 | | Loans and finance receivables at fair value | $4,569,819 | $3,795,210 | $4,386,444 | | Total assets | $5,457,258 | $4,636,527 | $5,266,131 | | Long-term debt | $3,757,351 | $3,040,867 | $3,563,482 | | Total liabilities | $4,260,608 | $3,486,316 | $4,069,207 | | Total stockholders' equity | $1,196,650 | $1,150,211 | $1,196,924 | [Consolidated Statements of Income](index=6&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20INCOME) Enova's Q1 2025 **total revenue increased 22% to $745.5 million**, with **net income up 51% to $72.9 million** and **diluted EPS at $2.69** Q1 Income Statement Highlights (in thousands USD, except per share data) | Metric | Q1 2025 | Q1 2024 | % Change | | :--- | :--- | :--- | :--- | | Revenue | $745,541 | $609,889 | 22.2% | | Net Revenue | $426,182 | $345,866 | 23.2% | | Income from Operations | $171,904 | $130,792 | 31.4% | | Net Income | $72,945 | $48,428 | 50.6% | | Diluted EPS | $2.69 | $1.64 | 64.0% | [Condensed Consolidated Statements of Cash Flow](index=7&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOW) In Q1 2025, **operating cash flow was $391.1 million**, offset by **$509.6 million used in investing activities**, leading to a **net cash decrease of $10.8 million** Q1 Cash Flow Summary (in thousands USD) | Cash Flow Activity | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Total cash flows provided by operating activities | $391,144 | $348,563 | | Total cash flows used in investing activities | ($509,590) | ($443,184) | | Cash flows provided by (used in) financing activities | $107,327 | ($53,975) | | Net (decrease) increase in cash | ($10,812) | $148,512 | [Key Operating Metrics](index=8&type=section&id=Key%20Operating%20Metrics) This section details Enova's financial and operating data for loans and finance receivables, key drivers of company performance [Loans and Finance Receivables Data](index=8&type=section&id=LOANS%20AND%20FINANCE%20RECEIVABLES%20FINANCIAL%20AND%20OPERATING%20DATA) Enova's **total combined loan principal grew 20% to $4.0 billion**, with **originations at $1.7 billion**, and **credit quality remained stable** as **delinquency improved to 7.7%** Loan Portfolio Growth (YoY, in thousands USD) | Metric | Q1 2025 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | Total combined loan and finance receivable principal | $3,979,232 | $3,309,210 | +20.2% | | Ending combined loan and finance receivable fair value | $4,591,044 | $3,809,983 | +20.5% | | Combined loan and finance receivable originations | $1,729,479 | $1,377,367 | +25.6% | Credit Quality Metrics (YoY) | Metric | Q1 2025 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | >30 days delinquent % of balance | 7.7% | 8.1% | -0.4% | | Charge-offs (net) as % of avg. balance | 8.6% | 8.5% | +0.1% | | Fair value as a % of principal | 115.4% | 115.1% | +0.3% | [Non-GAAP Financial Measures and Reconciliations](index=2&type=section&id=Non-GAAP%20Financial%20Measures%20and%20Reconciliations) Enova provides non-GAAP measures, including Adjusted Earnings and EBITDA, to offer a clearer view of core operating performance, with this section explaining and reconciling them to GAAP [Explanation of Non-GAAP Measures](index=2&type=section&id=Explanation%20of%20Non-GAAP%20Measures) The company explains its use of non-GAAP metrics, including 'Combined Loans and Finance Receivables', 'Adjusted Earnings', and 'Adjusted EBITDA', to provide a clearer view of core operations - Management utilizes non-GAAP measures to provide an additional perspective on business aspects, enhancing the understanding of factors and trends alongside GAAP results[12](index=12&type=chunk) - Adjusted Earnings Measures are employed to assess operating performance by excluding the effects of varying capital structures, compensation strategies, and amortization methods[15](index=15&type=chunk) - Adjusted EBITDA is utilized to analyze operating performance and debt servicing capability, excluding items such as depreciation, amortization, interest, taxes, and stock-based compensation[16](index=16&type=chunk)[17](index=17&type=chunk) [Reconciliation of GAAP to Non-GAAP Measures](index=9&type=section&id=RECONCILIATION%20OF%20GAAP%20TO%20NON-GAAP%20FINANCIAL%20MEASURES) This section reconciles GAAP Net Income to non-GAAP Adjusted Earnings and EBITDA, showing **Q1 2025 Adjusted Earnings of $80.7 million** and **Adjusted EBITDA of $190.0 million** Reconciliation to Adjusted Earnings (in thousands USD, except per share) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net income (GAAP) | $72,945 | $48,428 | | Adjustments (net of tax) | $7,794 | $7,878 | | **Adjusted earnings (Non-GAAP)** | **$80,739** | **$56,306** | | Diluted EPS (GAAP) | $2.69 | $1.64 | | **Adjusted EPS (Non-GAAP)** | **$2.98** | **$1.91** | Reconciliation to Adjusted EBITDA (in thousands USD) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net income (GAAP) | $72,945 | $48,428 | | D&A, Interest, Taxes, etc. | $116,976 | $100,006 | | **Adjusted EBITDA (Non-GAAP)** | **$189,901** | **$149,021** | | Adjusted EBITDA Margin | 25.5% | 24.4% | [About Enova & Forward-Looking Statements](index=2&type=section&id=About%20Enova%20%26%20Forward-Looking%20Statements) This section provides an overview of Enova's business as an online financial services company and includes cautionary statements regarding forward-looking information - Enova is an online financial services company serving underserved small businesses and consumers, having provided **over $61 billion in financing to more than 12 million customers** over 20 years[9](index=9&type=chunk) - The report includes forward-looking statements based on management's current expectations, which are not guarantees of future performance and are subject to risks outlined in SEC filings[10](index=10&type=chunk)

Core Insights - Enova International reported strong financial results for Q1 2025, with significant growth in revenue and earnings driven by solid demand and stable credit performance [2][4][8]. Financial Performance - Total revenue reached $746 million, a 22% increase from $610 million in Q1 2024 [8]. - Net income was $73 million, or $2.69 per diluted share, reflecting a 51% increase from $48 million, or $1.64 per diluted share, in the same quarter last year [8][17]. - Adjusted earnings per share rose 56% to $2.98 from $1.91 in Q1 2024 [8][25]. - Adjusted EBITDA increased by 27% to $190 million from $149 million in Q1 2024 [8][26]. Loan and Finance Receivables - Total combined loans and finance receivables reached a record $4.1 billion, up 20% from the end of Q1 2024 [8][21]. - Originations for the quarter were $1.7 billion, marking a 26% increase from the previous year [7][8]. - The net charge-off ratio remained stable at 8.6%, indicating strong credit performance [7][8]. Market Position and Strategy - Enova's diversified product offerings and flexible online-only model have positioned the company well to adapt to changing market conditions [2][4]. - The company has a liquidity position of $1.1 billion as of March 31, 2025, which supports its operational flexibility [7][8]. - Share repurchases during the quarter totaled $63 million, reflecting the company's commitment to returning value to shareholders [8][7]. Operational Metrics - The net revenue margin was consistent at 57%, indicating stable credit performance [8]. - The consolidated 30+ day delinquency ratio improved to 7.7%, down from 8.1% year-over-year, reflecting a stable credit outlook [7][8].

Group 1 - Enova International (ENVA) shares have increased by 1.8% over the past four weeks, closing at $97.88, with a mean price target of $127.71 indicating a potential upside of 30.5% [1] - The average price target from analysts ranges from a low of $109 to a high of $138, with a standard deviation of $10.80, suggesting a relatively high agreement among analysts regarding the stock's potential movement [2][9] - Analysts show strong agreement in revising earnings estimates higher for ENVA, which correlates with potential stock price increases, as indicated by a 0.3% increase in the Zacks Consensus Estimate for the current year [4][11][12] Group 2 - The Zacks Rank for ENVA is 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating a strong potential upside [13] - While price targets are often viewed as misleading, the direction implied by the consensus price target for ENVA appears to be a useful guide for potential price movement [7][10][11]

Core Viewpoint - Oportun Financial Corporation (OPRT) and Enova International Inc. (ENVA) are fintech companies focused on providing credit solutions to underserved consumers, leveraging advanced analytics and digital platforms to serve non-prime borrowers in the alternative lending sector [1][5]. Group 1: Company Performance - Oportun's shares have increased by 32.2% this year, while Enova's shares have risen by 2.1% [2]. - Oportun's total revenues are projected to be between $225 million and $230 million in Q1 2025, down from $250.5 million in the same quarter last year, with 2025 revenues expected to be in the range of $945 million to $970 million compared to $1 billion in 2024 [8]. - Enova's revenues have experienced a compound annual growth rate (CAGR) of 17.7% over the last five years [16]. Group 2: Revenue Growth and Strategies - Oportun has achieved a five-year CAGR of 10.8% in total revenues, with loans receivable at fair value and interest income growing at CAGRs of 8.1% and 10.8%, respectively [7][11]. - Enova's loans and finance receivables recorded a five-year CAGR of 48.6%, supported by its diverse lending programs and acquisition of OnDeck [21]. - Oportun's non-interest income has shown a CAGR of 6.4% over the past five years, indicating a growing revenue stream beyond interest [12]. Group 3: Financial Position - As of December 31, 2024, Oportun had cash and cash equivalents totaling $214.6 million and a debt of $69.1 million, indicating a strong liquidity position [14]. - Enova's cash and cash equivalents were $322.7 million, with a long-term debt of $3.6 billion and $944 million in available revolving credit facilities [22][23]. Group 4: Future Estimates - The Zacks Consensus Estimate for Oportun's 2025 revenues implies a year-over-year decline of 3.6%, while 2026 revenues are expected to rise by 8.4% [24]. - Enova's consensus estimates suggest a year-over-year revenue increase of 16.1% for 2025 and 15% for 2026, with earnings growth of 26% and 19% for the same years, respectively [28]. Group 5: Valuation Analysis - Oportun is currently trading at a price-to-tangible book (P/TB) ratio of 0.84X, which is higher than its three-year median, while Enova's P/TB ratio is 2.99X, lower than its three-year median [31]. - Oportun's stock is considered inexpensive compared to Enova, which may present a better investment opportunity [39]. Group 6: Investment Recommendation - Oportun's focus on community-based lending and expansion into new markets, despite near-term profitability challenges, positions it as a potentially better investment choice compared to Enova, which has a broader portfolio but may face risks from exposure to subprime borrowers [38][39]. - Oportun holds a Zacks Rank 1 (Strong Buy), while Enova has a Zacks Rank 2 (Buy), indicating a stronger recommendation for Oportun [40].

Core Insights - Enova International will release its first quarter 2025 financial results on April 29, 2025, after market close [1] - A conference call to discuss the results will be held at 4 p.m. Central Time on the same day [2] - Enova has provided $59 billion in loans and financing to nearly 12 million customers over its 20-year history [4] Financial Results Announcement - The financial results will be available after market close on April 29, 2025 [1] - The earnings press release and supplemental financial information will be accessible on the Enova International Investor Relations website [2] Conference Call Details - The U.S. dial-in number for the call is 1-855-560-2575, with a separate number for non-U.S. callers [3] - A replay of the conference call will be available until May 6, 2025 [3] - The archived version of the webcast will be accessible for 90 days on the Investor Relations website [3] Company Overview - Enova International is a leading online financial services company serving small businesses and consumers underserved by traditional banks [4] - The company utilizes machine learning algorithms and proprietary technology to offer market-leading financial products [4]

Wall Street expects a year-over-year increase in earnings on higher revenues when Enova International (ENVA) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the ...

Core Insights - Enova International (ENVA) has consistently beaten earnings estimates, particularly in the last two quarters, with an average surprise of 9.27% [1][2] - The company reported earnings of $2.61 per share for the most recent quarter, exceeding the expected $2.33 per share by 12.02% [2] - For the previous quarter, Enova reported $2.45 per share against an expectation of $2.30 per share, resulting in a surprise of 6.52% [2] Earnings Estimates and Predictions - Recent estimates for Enova International have been increasing, indicating positive sentiment among analysts [5] - The Zacks Earnings ESP for Enova is currently +2.41%, suggesting a bullish outlook on the company's earnings prospects [8] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6] Earnings ESP and Zacks Rank - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7] - Enova's Zacks Rank is 2 (Buy), which, combined with its positive Earnings ESP, indicates a strong possibility of another earnings beat [8] - A negative Earnings ESP does not necessarily indicate an earnings miss, but it reduces predictive power [8]

Company Overview - Enova International (ENVA) shares increased by 11.7% to close at $96.24, supported by high trading volume, contrasting with a 2.9% loss over the past four weeks [1] - The company is expected to report quarterly earnings of $2.77 per share, reflecting a year-over-year increase of 45%, with revenues projected at $727.3 million, up 19.3% from the previous year [3] Market Context - The sharp rally in Enova International shares was influenced by a broader market upturn following President Donald Trump's announcement of a 90-day suspension on tariffs for non-retaliating countries, which alleviated trade tensions and improved market sentiment [2] - The consensus EPS estimate for Enova has remained stable over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Industry Comparison - Enova International operates within the Zacks Financial - Consumer Loans industry, where another company, Discover (DFS), saw a 15.3% increase in its stock price, closing at $170.85, despite a -6.1% return over the past month [4] - Discover's consensus EPS estimate has decreased by 1.2% to $3.33, representing a significant year-over-year change of +202.7% [5]

Core Insights - The article emphasizes the importance of a proven ranking system that focuses on earnings estimates and revisions to identify winning stocks [1] - Value investing is highlighted as a popular and successful strategy across various market conditions, relying on fundamental analysis and traditional valuation metrics [2] - The Zacks Rank and Style Scores system are tools for investors to identify high-quality value stocks, particularly those with high Zacks Ranks and "A" grades for Value [3] Company Analysis: Enova International (ENVA) - Enova International is currently rated 1 (Strong Buy) by Zacks and has an "A" grade for Value, indicating strong investor interest [4] - The stock has a Forward P/E ratio of 8.03, which is lower than the industry average of 8.92, suggesting potential undervaluation [4] - Over the past 12 months, ENVA's Forward P/E has fluctuated between a high of 10.85 and a low of 6.47, with a median of 8.42 [4] - The P/S ratio for ENVA is 0.97, compared to the industry's average P/S of 1.33, further indicating that the stock may be undervalued [5] - Overall, the metrics suggest that Enova International is likely undervalued and stands out as one of the strongest value stocks in the market based on its earnings outlook [6]

Group 1: Enova International, Inc. (ENVA) - Enova International is a technology and analytics company providing online financial services with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 6.7% over the last 60 days [1] - The company has a price-to-earnings ratio (P/E) of 8.87, compared to 12.00 for the industry, and possesses a Value Score of A [1] Group 2: Origin Bancorp, Inc. (OBK) - Origin Bancorp is a bank holding company for Origin Bank with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased nearly 13% over the last 60 days [2] - The company has a price-to-earnings ratio (P/E) of 11.49, compared to 20.85 for the S&P 500, and possesses a Value Score of B [2] Group 3: Northeast Community Bancorp, Inc. (NECB) - Northeast Community Bancorp is a holding company for NorthEast Community Bank with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 4.6% over the last 60 days [3] - The company has a price-to-earnings ratio (P/E) of 7.36, compared to 9.50 for the industry, and possesses a Value Score of B [3]