Enova International (ENVA) Tops Q2 EPS by 76c; Not Providing Guidance

Enova International (NYSE: ENVA) reported Q2 EPS of $1.68, $0.76 better than the analyst estimate of $0.92. Revenue for the quarter came in at $253 million versus the consensus estimate of $265.66 million.

"We are pleased with our second quarter results, which came in above the range that we previewed in mid-June," said David Fisher, Enova's CEO. "Our direct online-only business model, world class analytics and technology and deep organizational preparedness for a challenging economy have allowed us to react quickly to the uncertain economic environment facing our country. While COVID-19 has created uncertainty in the short term, we believe the long-term fundamentals of our business remain strong and that we are well positioned to navigate through the downturn and swiftly resume lending efforts once the economy begins to stabilize."

Enova also announced separately today that it has entered into an agreement to acquire all outstanding shares of On Deck Capital, Inc. in a cash and stock transaction valued at approximately $90 million. Further details on the transaction are included in a joint press release that was issued today.

GUIDANCE:

Enova is monitoring and adapting quickly to changes in the current environment due to the COVID-19 pandemic. Given the ongoing uncertainties related to virus resurgences, changes in governmental restrictions, potential economic stimulus, employment stabilization, and business reopenings, the Company is not providing guidance for the third quarter or full year 2020.

For earnings history and earnings-related data on Enova International (ENVA) click here.

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