Enova International (ENVA) Q2 Earnings and Revenues Beat Estimates

Company Performance - Enova International reported revenues of $628.44 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 0.54% and showing a year-over-year increase from $499.43 million [1] - The company achieved quarterly earnings of $2.21 per share, surpassing the Zacks Consensus Estimate of $2.08 per share, and compared to earnings of $1.72 per share a year ago, representing an earnings surprise of 6.25% [10] - Enova International has outperformed consensus revenue estimates three times in the last four quarters [1][11] Stock Performance - Enova International shares have increased approximately 32.9% since the beginning of the year, compared to a 16.7% gain for the S&P 500 [2] - The current consensus EPS estimate for the upcoming quarter is $2.01 on revenues of $661.36 million, and for the current fiscal year, it is $8.17 on revenues of $2.6 billion [6] Industry Outlook - The Financial - Consumer Loans industry, to which Enova International belongs, is currently ranked in the top 36% of over 250 Zacks industries, indicating a favorable outlook [7] - The performance of Enova International's stock may be influenced by the overall industry outlook and trends in earnings estimate revisions [4][7]