Enova International (ENVA) Tops Q2 EPS by 3c
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Enova International (NYSE: ENVA) reported Q2 EPS of $0.25, $0.03 better than the analyst estimate of $0.22. Revenue for the quarter came in at $172.5 million versus the consensus estimate of $165.8 million.
"We are pleased to report another solid quarter, driven by continued growth in our core U.S. and U.K. businesses and the success of our new initiatives," said Enova's CEO David Fisher. "We saw the strong customer demand from Q1 carry over into Q2, and the quality of our proprietary analytics enabled us to maintain good loan performance. These results are a testament to our significant experience over the past 12 years serving sub-prime and near-prime customers, as well as our diversification strategy. This experience, combined with the time we have had to study and digest the CFPB's proposed rule on small dollar lending, strengthens our conviction that we can successfully adapt to regulatory changes in the U.S., as we have in the U.K., to ultimately gain market share by meeting the needs of our customers."
GUIDANCE:
Enova International sees Q3 2016 revenue of $175-190 million, versus the consensus of $177.7 million.
For earnings history and earnings-related data on Enova International (ENVA) click here.
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