NYSE$ENVA

Enova International Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported consistent and profitable growth, leveraging its flexible online-only business model and machine learning-powered credit risk management capabilities.

Enova International reported a strong start to 2024 with a 26% increase in total revenue to $610 million compared to the first quarter of 2023. Diluted earnings per share increased by 5% to $1.64, and adjusted earnings per share increased by 7% to $1.91. The company's combined loans and finance receivables reached a record $3.5 billion, driven by total company originations of $1.4 billion for the quarter.

  • Total revenue increased 26% year-over-year to $610 million.
  • Diluted earnings per share increased 5% year-over-year to $1.64, and adjusted earnings per share increased 7% year-over-year to $1.91.
  • Total company combined loans and finance receivables increased 23% year-over-year to $3.5 billion.
  • Liquidity, including cash and marketable securities and available capacity on facilities, totaled $738 million at March 31.

Headline financials

Total Revenue

$610M

Previous: $483M+26.2%
EPS (adj)

$1.91

Previous: $1.79+6.7%
Capital Expenditures

-$11.2M

No prior period
Free Cash Flow

$48.4M

Previous: $50.9M-4.9%
Net Income

$48.4M

Previous: $50.9M-4.9%
Operating Income

$131M

Previous: $109M+19.7%
Gross Profit

$346M

Previous: $286M+21.0%
Cash & Equivalents

$76.5M

Previous: $97.7M-21.7%
Total Assets

$4.64B

Previous: $3.85B+20.5%
Stock-Based Comp

$7.64M

Previous: $5.97M+28.0%

Revenue & EPS history

Enova · Revenue · Quarterly

$610M

Q1 2024+26.2%vs Q1 2023
Beat estimate in 5 of 14 quarters(36%)
ActualEstimate

Revenue by segment

Enova · $203M total across 1 segment · Q3 2020

  • Company owned revenue
    $203M-21.5%

Forward guidance

The company remains well positioned to continue to generate meaningful financial results this year and beyond.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+2.6%

Avg return

Earnings day

+3.1%

Avg return

5 days after

+4.9%

Avg return

30 days after

59%

30 / 51 earnings

Positive

+30.7%

Q1 2018

Best reaction

-20.9%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.6%-0.5%-7.0%
Q4 2025+0.3%+9.3%-11.8%
Q3 2025+10.1%+6.4%+8.9%
Q2 2025-2.8%-2.2%+4.6%
Q1 2025-7.8%-6.0%-6.9%
Q4 2024+1.6%+0.7%-19.0%
Q3 2024+2.3%-0.7%+18.4%
Q2 2024+5.5%+11.3%+12.1%
Q1 2024+3.8%+3.3%-3.7%
Q4 2023-7.7%-8.5%+7.2%
Q3 2023-20.9%-12.9%-11.4%
Q2 2023-1.2%-3.7%-11.0%
Q1 2023-14.3%-9.6%-4.6%
Q4 2022+14.9%+13.1%+10.8%
Q3 2022+15.9%+18.8%+23.7%
Q2 2022+2.1%-1.2%+6.7%
Q1 2022-0.4%-11.6%-16.8%
Q4 2021+5.7%+17.7%-0.3%
Q3 2021+4.5%+12.7%+25.3%
Q2 2021+2.6%-0.2%+4.5%
Q1 2021-4.1%-2.2%+6.1%
Q4 2020+16.4%+20.1%+45.9%
Q3 2020-1.1%-9.4%+30.8%
Q2 2020+11.9%+17.4%+25.4%
Q1 2020+21.8%-6.9%-2.7%
Q4 2019+10.8%-13.4%-20.5%
Q3 2019+8.5%+13.6%+7.4%
Q2 2019+11.6%+20.4%+6.9%
Q1 2019+17.8%+6.6%-11.4%
Q4 2018+2.8%+2.8%+7.6%
Q3 2018+7.8%+10.5%-3.1%
Q2 2018-15.8%-17.1%-5.3%
Q1 2018+30.7%+34.5%+44.8%
Q4 2017+13.1%+9.8%+22.6%
Q3 2017+3.1%+3.8%+4.5%
Q2 2017-7.3%-11.4%-27.4%
Q1 2017-3.1%+0.7%-8.5%
Q4 2016+6.7%+2.5%-2.1%
Q3 2016+6.2%+3.4%+33.1%
Q2 2016-1.0%+0.3%+11.8%
Q1 2016-2.6%
Q4 2015-2.3%
Q3 2015-8.3%
Q2 2015-8.7%
Q1 2014-2.6%
Q1 2015+2.6%
Q2 2014+5.7%
Q4 2012+5.7%
Q4 2014+5.7%
Q3 2014-5.2%
Q4 2013-5.2%
Q3 2013
Q2 2013
Q1 2013
Q4 2011
Q3 2011
Q4 2010
Q3 2010

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