NYSE$ENVA

Enova International Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Enova reported strong earnings due to improved credit quality and efficient expense management.

Enova International reported strong earnings for Q3 2020, with net income from continuing operations increasing to $94 million, or $3.09 per diluted share, compared to $29 million, or $0.83 per diluted share, in Q3 2019. The company's financial performance reflects the strength and adaptability of its direct online-only business model and powerful credit risk management capabilities. Enova also completed the acquisition of On Deck Capital, Inc. on October 13.

  • Diluted earnings per share from continuing operations and adjusted earnings per share more than tripled compared to a year ago.
  • Consolidated portfolio delinquency and net charge-off rates were among the lowest in the company's history.
  • Total company originations increased 56% from the second quarter to $140 million.
  • Cash and marketable securities totaled $552 million, and available capacity on committed facilities totaled $332 million.

Headline financials

Total Revenue

$205M

Previous: $330M-37.9%
EPS (adj)

$2.97

Previous: $0.86+245.3%
Net revenue margin

88.9%

No prior period
Total company originations

$140M

No prior period
Adjusted EBITDA

$136M

No prior period
Capital Expenditures

-$19.8M

Previous: -$5.55M-257.3%
Free Cash Flow

$73.8M

Previous: $21.5M+242.9%
Net Income

$93.7M

Previous: $27.1M+245.8%
Operating Income

$122M

Previous: $54.4M+124.1%
Gross Profit

$182M

Previous: $158M+14.9%
Cash & Equivalents

$490M

Previous: $69.9M+600.6%
Total Assets

$1.63B

Previous: $1.5B+8.9%
Stock-Based Comp

$3.77M

Previous: $3.39M+11.2%

Revenue & EPS history

Enova · Revenue · Quarterly

$205M

Q3 2020-37.9%vs Q3 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

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

  • Company owned revenue
    $203M-21.5%

Forward guidance

Enova is not providing guidance for the fourth quarter of 2020 due to uncertainties related to the COVID-19 pandemic.

Headwinds

  • Virus resurgences
  • Changes in governmental restrictions
  • Potential economic stimulus
  • Employment stabilization
  • Business reopenings

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 Q3 2020

Historical avgQ3 2020

+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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