Enova International Inc Q2 revenue beats estimates on originations growth

Enova International

23/07/2026 21:38

    

    Overview
  
U.S. online lender's Q2 revenue rose 22%, beating analyst expectations
Adjusted EPS for Q2 rose 33% and beat analyst expectations
Company repurchased $19 mln in stock and advanced Grasshopper Bank acquisition

    

    Outlook
  
Enova is raising its outlook for the yr based on current business trends
Company expects to close Grasshopper Bank acquisition later in 2026, pending regulatory approval
Company sees continued stable credit performance and focus on sustainable, profitable growth

    

    Result Drivers
  
ORIGINATIONS GROWTH - 27% increase in loan originations contributed to higher revenue and earnings
CREDIT PERFORMANCE - Net charge-off ratio decreased to 7.3% and net revenue margin improved to 61%, reflecting strong credit performance
STABLE DELINQUENCIES - Sequential stability in the consolidated 30+ day delinquency ratio and fair value premium reflect a continued stable credit performance and outlook

    
Company press release: ID:nPn13mn7Pa

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
Beat
$928.93 mln
$909.62 mln (7 Analysts)
Q2 Adjusted EPS
Beat
$4.31
$3.96 (6 Analysts)
Q2 EPS
 
$4
 
Q2 Net Income
 
$105.06 mln
 
Q2 Adjusted EBITDA
Beat
$256 mln
$237.64 mln (4 Analysts)
Q2 Operating Income
 
$237.15 mln
 
Q2 Pretax Profit
 
$140.11 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the consumer lending peer group is "buy"
Wall Street's median 12-month price target for Enova International Inc is $270.00, about 21.4% above its July 22 closing price of $222.49
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 8 three months ago

    

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)