Have you been paying attention to shares of Enova International (ENVA) ? Shares have been on the move with the stock up 20.9% over the past month. The stock hit a new 52-week high of $102.11 in the previous session. Enova International has gained 83.8% since the start of the year compared to the 24.1% move for the Zacks Finance sector and the 39.9% return for the Zacks Financial - Consumer Loans industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |----------------------------------------------------------------------------|------------------------------------------------------------------------------|-------- ...

Enova International, Inc. (NYSE: ENVA ) has been quietly racking up some rather impressive numbers thanks to its innovative financial products and strong performance in both the small business and consumer markets.The mission of Grassroots Trading rests on the following principles: providing objective, unbiased, and balanced research, backed by solid data and completely void of emotional influences or preference for companies; focusing on small- to mid-cap companies, offering the Seeking Alpha investor comp ...

Financial Data and Key Metrics Changes - In Q3 2024, originations increased by 28% year-over-year and 15% sequentially to $1.6 billion, with small business loans exceeding $1 billion for the first time, up 33% year-over-year [6][15] - Revenue reached $690 million, a 25% increase year-over-year and 10% sequentially, with adjusted EBITDA rising 42% and adjusted EPS increasing 63% [7][23] - Combined loan and finance receivables grew 23% year-over-year to a record $3.8 billion, with small business products representing 62% of the portfolio [6][15] Business Line Data and Key Metrics Changes - Small business revenue increased 38% year-over-year to a record $269 million, while consumer revenue rose 18% to $411 million [7][16] - Small business originations grew 33% year-over-year, while consumer originations increased by 19% [15][16] - Marketing expenses were 20% of total revenue, consistent with expectations and slightly down from the previous year [7][20] Market Data and Key Metrics Changes - The labor market remains strong, with significant job growth and wage increases, positively impacting consumer and small business credit demand [9][10] - Small businesses are increasingly optimistic, with 75% relying on alternative lenders for funding, indicating a shift away from traditional financial institutions [10] Company Strategy and Development Direction - The company aims to unlock shareholder value through opportunistic stock buybacks, supported by a solid balance sheet with nearly $1.2 billion in liquidity [12][21] - The focus remains on maintaining strong credit quality while adapting to macroeconomic changes, leveraging machine-learning algorithms and diversified product offerings [5][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth, expecting year-over-year increases in originations, revenue, and EPS exceeding 20% in Q4 2024 [12][24] - The current macroeconomic environment is seen as favorable for credit demand, with expectations of lower interest rates providing a tailwind for profitability [8][23] Other Important Information - The company recorded a one-time non-cash impairment charge of $17 million related to a previous investment [23] - The cost of funds for Q3 was 9.6%, with expectations of a peak due to recent Federal Reserve rate cuts [22][23] Q&A Session Summary Question: Can you discuss the outlook for originations into 2025? - Management indicated that momentum is expected to continue barring any significant changes in the operating environment, with a strong competitive position [26][27] Question: How do you view the delinquency rates and charge-offs? - Delinquency rates typically increase sequentially, but the year-over-year comparison shows a decrease in charge-offs, reflecting a mix shift in the portfolio [28][29] Question: What is driving the stronger growth in small business versus consumer? - The small business segment is newer and has been growing aggressively since 2021, while consumer products are more mature and have slower growth rates [31][32] Question: What is the outlook for funding costs? - Funding costs are expected to remain in the previously provided range, with potential movement towards the lower end as growth continues [34] Question: What is the competitive landscape like? - The competitive environment is described as weak, with few strong competitors, allowing the company to maintain a solid market share [36][37]

Enova International (ENVA) came out with quarterly earnings of $2.45 per share, beating the Zacks Consensus Estimate of $2.30 per share. This compares to earnings of $1.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.52%. A quarter ago, it was expected that this online financial services company would post earnings of $2.08 per share when it actually produced earnings of $2.21, delivering a surprise of 6.25%.Over the last ...

Exhibit 99.1 Enova Reports Third Quarter 2024 Results • Strong top-line growth with total company revenue increasing 25% and originations increasing 28% from the third quarter of 2023 • Diluted earnings per share of $1.57 increased 22% and adjusted earnings per share of $2.45 increased 63% compared to the third quarter of 2023 • Credit performance remained strong compared to a year ago with lower consolidated net charge-off and delinquency ratios, a stable net revenue margin and a higher fair value premium ...

Strong top-line growth with total company revenue increasing 25% and originations increasing 28% from the third quarter of 2023Diluted earnings per share of $1.57 increased 22% and adjusted earnings per share of $2.45 increased 63% compared to the third quarter of 2023Credit performance remained strong compared to a year ago with lower consolidated net charge-off and delinquency ratios, a stable net revenue margin and a higher fair value premium on the total company portfolioLiquidity, including cash and ma ...

Enova International (ENVA) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released o ...