NYSE$ENVA
Enova International Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Delivered strong growth with revenue topping guidance, driven by high new customer growth at attractive unit economics.
Enova reported a strong fourth quarter, with revenue growth of 25%, adjusted EBITDA growth of 34%, and adjusted EPS growth of 67%. The company saw high new customer growth, representing 38% of total originations. Domestic lending businesses drove growth and profitability, with revenue up 27% year-over-year.
- Delivered 25% revenue growth, 34% adjusted EBITDA growth, and 67% adjusted EPS growth compared to Q4 last year.
- Loans to new customers represented 38% of total originations, up from 30% in Q4 of last year.
- NetCredit loan balances increased 30% year-over-year to $610 million with originations increasing 64%.
- Small business originations grew 138% year-over-year, now representing 14% of the book.
Headline financials
Revenue & EPS history
Enova · Revenue · Quarterly
$345M
Revenue by segment
Enova · $203M total across 1 segment · Q3 2020
- Company owned revenue$203M-21.5%100.0%
Forward guidance
For Q1 2020, Enova expects total revenue of $328 million to $348 million, adjusted EBITDA of $85 million to $105 million, diluted EPS of $1.27 to $1.71, and adjusted EPS of $1.35 to $1.78. For full year 2020, Enova expects total revenue of $1.418 billion to $1.488 billion, adjusted EBITDA of $305 million to $365 million, diluted EPS of $4.21 to $5.50, and adjusted EPS of $4.53 to $5.82.
Tailwinds
- Stable credit trends.
- Continued recent domestic receivables growth trends.
- Faster relative growth in consumer and small business installment, RPA and line of credit products.
- Accelerated growth in the mix of new customers in originations.
- Recent trends in operating leverage and funding cost to continue.
Headwinds
- Assumes no significant impacts to businesses from new regulatory changes.
- Net revenue margin is influenced by ongoing portfolio credit performance and expectations.
- Net revenue margin is influenced by the mix of new versus returning customers in originations.
- Net revenue margin is influenced by the mix of loans and financing in originations.
- Net revenue margin is influenced by the level of customer prepayments and any changes to discount rates.
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 Q4 2019
+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
| Quarter | Report date | Reaction (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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