Latest news with #EnovaInternational
Yahoo
4 days ago
- Business
- Yahoo
TipRanks ‘Perfect 10' Picks: 2 Top-Scoring Stocks That Check All the Right Boxes
After a stretch of volatility that came off the back of President Trump's global tariff announcements, the stock market has shifted back into rally mode as worries over the proposed tariffs have eased. The S&P 500 has jumped 20% from its April low, while the tech-heavy Nasdaq has surged 27%. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The gains have investors in a mood to buy – but the uncertainties have them wondering just how far to take that. In a climate like this, it's good to have a reliable navigational aid for the stock markets, a tool to point out just which stocks show the highest potential for gains, no matter how events shake out. That's where TipRanks' Smart Score comes in. Powered by AI, this tool sifts through millions of daily stock transactions and evaluates equities based on factors shown to predict future performance. Each stock is rated on a scale from 1 to 10, with 'Perfect 10' stocks checking all the right boxes. We used the tool to pinpoint two of these top scorers. Both carry 'Strong Buy' consensus ratings and offer double-digit upside potential. Here's what you need to know. Enova International (ENVA) First on our list of 'Perfect 10' stocks is Enova International. This alternative online financial services company focuses on providing credit and financial access to small business and consumers who are underserved by the regular banking sector. Since it started operations in 2004, Enova has become a $2.38 billion company in a growing sector of the finance industry and has provided funding for over $61 billion in loans to more than 12 million customers. Enova uses a world-class, machine learning platform to provide services to its mainly non-prime customer base. The company operates through a network of businesses. On the consumer credit side, these include CashNetUSA and NetCredit in the US market, providing access to installment loans, CAB loans, credit lines, and personal loans. Outside the US, Simplic operates in Brazil and Pangea works in Latin America and Asia. On the small business side of the operations, OnDeck, Headway Capital, and Business Backer provide services customized for the small business community, including term loans and lines of credit, small business loans, and funding solutions for working capital. All of Enova's business segments are supported by strong data analytics and machine learning algorithms, allowing the company to tailor its financial services to the specific needs of each customer. In its more than 20 years of operations, the company has collected an impressive database of loan histories and customer behavior, allowing it to fine-tune its machine-learning platform, improving its ability to meet its customers' needs while ensuring that customers are able to repay loans. In recent quarters, the company has seen steady growth in both revenues and earnings. Enova last reported its financial results for 1Q25, and in that quarter saw revenue of $746 million and a non-GAAP EPS of $2.98. The top line was up more than 22% year-over-year and beat the forecast by $11.86 million; the bottom line was 22 cents per share better than had been expected. Enova's credit performance was described as strong during the quarter; the net charge-off ratio was stable at 8.6%, and the consolidated 30+ day delinquency ratio was 7.7%. The company reported total liquidity, including cash, liquid assets, and available credit facility capacity, of $1.1 billion. For Seaport analyst Bill Ryan, the key points here are Enova's strong edge in data analytics and its status as a leader in online lending. He writes of the company, 'Our Buy rating reflects several factors beginning with the data that has been collected since 2004, which we believe provides the company with a strong competitive advantage, particularly in loan underwriting and generating superior credit performance. Competition is fairly limited and the company's market share is very small as well, which should allow ENVA to provide controlled growth over the long-term in the sub- and non-prime consumer loan markets, and in its small business lending platform.' 'Enova's business is highly scalable since it is an online only lender, and variable costs represent over 50% of total expenses. We believe the company's consumer lending business will prove more resilient in economic downturns which has been a concern for investors recently. This is due to very high margins, manageable credit loss volatility for subprime borrowers based on historical performance, and a more variable cost structure,' Ryan went on to add. Along with that Buy rating, Ryan gives ENVA a $124 price target that points toward a 33.5% gain in the next 12 months. (To watch Ryan's track record, click here) Overall, this lender's Strong Buy consensus rating is based on 7 recent analyst recommendations, which include 6 to Buy and 1 to Hold. The shares are priced at $92.85 and the average price target, of $126, is slightly more bullish than the Seaport view, suggesting a one-year upside potential of 36%. (See ENVA stock forecast) Iridium Communications (IRDM) Next up on our list of 'Perfect 10s' is Iridium Communications, a global satellite telecommunications company that offers a range of communications solutions to keep people connected – anywhere on Earth, on land or sea or in the air, from pole to pole. That's a tall order, but Iridium fills it with a combination of modern tech and skillful applications, offering services ranging from satellite phones to mobile broadband access. The company's technology and services are used by more than 2.4 million billable subscribers. Iridium offers a variety of subscription plans, tailored for customers of every sort, at every scale. Plans can be tailored for individual, personal use; for business and organizations; and for governmental and non-governmental organizations. The company bases its service on a constellation of satellites, positioned in low Earth orbit (LEO). By using an LEO configuration for its satellite network, Iridium requires a larger fleet – but can offer stronger signals and faster connections. Iridium's constellation orbits the planet at altitudes of approximately 485 miles, much closer to the surface than the 22,000-mile-high geostationary orbits used by most competing networks. This allows Iridium to offer its benefits with a fleet of satellites featuring smaller, lower-powered antennas without sacrificing signal clarity and operating at lower costs. Iridium deployed its first satellite in 1997, had the network at full capacity in 1998, and completed a full system upgrade in 2019. Iridium's LEO constellation configuration offers one additional benefit. Geostationary satellites orbit over the equator, making coverage at the Earth's higher latitudes, both north and south, more difficult. This is not an issue with LEO satellites in polar orbits – their normal paths cover the poles and high latitudes, giving Iridium clear coverage across the entire planet. Iridium's products and services have found use in a wide range of applications, from adventure travel to ocean communications to remote area exploration to secure government voice links. In addition, Iridium is entering the PNT market – that is, position, navigation, timing – which is essential in providing accurate GPS, mapping, and locator services. Iridium entered the PNT segment last year, through its acquisition of the satellite technology company Satelle. On the financial side, Iridium reported its 1Q25 results this past April. At the top line, the company had total revenues of $214.9 million, which beat the forecast by over $3 million and translated into 5% year-over-year growth. Iridium's earnings per share came to 27 cents, or 6 cents per share better than had been expected. This stock caught the eye of Oppenheimer analyst Tim Horan, who is upbeat about Iridium's positioning in the LEO satellite service segment. The 5-star analyst says of the company, 'In our opinion, the company is not well understood by the Street. Although it will compete with other LEO operators such as Starlink and AST SpaceMobile, IRDM's service is the only truly global coverage with guaranteed service, and it will now have a unique global PNT service… The company is positioned as the leader in satellite-based global IoT communications, has entered the PNT market through its Satelles acquisition, and has a growing direct-to-device opportunity as new standards are set to support compatibility with unmodified smartphones.' Horan puts an Outperform (i.e., Buy) rating on this stock, and his $34 price target implies a one-year upside potential of 29%. (To watch Horan's track record, click here) The 5 recent analyst reviews of this stock break down 4 to 1 in favor of Buy over Hold, giving IRDM its Strong Buy consensus rating. The shares are priced at $26.34 and their $36 average price target suggests a gain of 36.5% in the year ahead. (See IRDM stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. Disclaimer & DisclosureReport an Issue
Business Insider
17-05-2025
- Business
- Business Insider
Seaport Global Initiates a Buy Rating on Enova International (ENVA)
Enova International (ENVA – Research Report) received a Buy rating and a $124.00 price target from Seaport Global analyst Bill Ryan today. The company's shares closed yesterday at $97.93. Confident Investing Starts Here: Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Ryan is a 3-star analyst with an average return of 5.6% and a 62.22% success rate. Ryan covers the Financial sector, focusing on stocks such as Federal Agricultural, Navient, and Enova International. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Enova International with a $125.50 average price target. Based on Enova International's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $745.54 million and a net profit of $72.95 million. In comparison, last year the company earned a revenue of $609.89 million and had a net profit of $48.43 million Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ENVA in relation to earlier this year. Earlier this month, Sean Rahilly, the GC & Secretary of ENVA sold 9,046.00 shares for a total of $859,822.30.
Yahoo
05-02-2025
- Business
- Yahoo
Enova International (ENVA) Surpasses Q4 Earnings Estimates
Enova International (ENVA) came out with quarterly earnings of $2.61 per share, beating the Zacks Consensus Estimate of $2.33 per share. This compares to earnings of $1.83 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.02%. A quarter ago, it was expected that this online financial services company would post earnings of $2.30 per share when it actually produced earnings of $2.45, delivering a surprise of 6.52%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Enova International , which belongs to the Zacks Financial - Consumer Loans industry, posted revenues of $729.55 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $583.59 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Enova International shares have added about 15.6% since the beginning of the year versus the S&P 500's gain of 1.9%. While Enova International has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Enova International: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.18 on $743.73 million in revenues for the coming quarter and $10.78 on $3.16 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Consumer Loans is currently in the top 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Mr Cooper (COOP), has yet to report results for the quarter ended December 2024. The results are expected to be released on February 12. This reinsurance company is expected to post quarterly earnings of $2.58 per share in its upcoming report, which represents a year-over-year change of +50.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Mr Cooper's revenues are expected to be $585.9 million, up 45% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Enova International, Inc. (ENVA) : Free Stock Analysis Report MR. COOPER GROUP INC (COOP) : Free Stock Analysis Report To read this article on click here. Zacks Investment Research Sign in to access your portfolio
Yahoo
31-01-2025
- Business
- Yahoo
Investing in Enova International (NYSE:ENVA) five years ago would have delivered you a 441% gain
We think all investors should try to buy and hold high quality multi-year winners. And highest quality companies can see their share prices grow by huge amounts. Just think about the savvy investors who held Enova International, Inc. (NYSE:ENVA) shares for the last five years, while they gained 441%. And this is just one example of the epic gains achieved by some long term investors. On top of that, the share price is up 30% in about a quarter. So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress. View our latest analysis for Enova International While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. During five years of share price growth, Enova International achieved compound earnings per share (EPS) growth of 18% per year. This EPS growth is slower than the share price growth of 40% per year, over the same period. So it's fair to assume the market has a higher opinion of the business than it did five years ago. And that's hardly shocking given the track record of growth. The image below shows how EPS has tracked over time (if you click on the image you can see greater detail). This free interactive report on Enova International's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further. It's nice to see that Enova International shareholders have received a total shareholder return of 107% over the last year. Since the one-year TSR is better than the five-year TSR (the latter coming in at 40% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. It's always interesting to track share price performance over the longer term. But to understand Enova International better, we need to consider many other factors. For instance, we've identified 2 warning signs for Enova International that you should be aware of. For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
