For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Enova International (ENVA) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Enova International is a member of the Finance sector. This group includes 856 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ENVA is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ENVA's full-year earnings has moved 10.50% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ENVA has returned 17.88% so far this year. Meanwhile, stocks in the Finance group have gained about 10.77% on average. As we can see, Enova International is performing better than its sector in the calendar year.
To break things down more, ENVA belongs to the Financial - Consumer Loans industry, a group that includes 22 individual companies and currently sits at #25 in the Zacks Industry Rank. On average, stocks in this group have gained 25.42% this year, meaning that ENVA is slightly underperforming its industry in terms of year-to-date returns.
ENVA will likely be looking to continue its solid performance, so investors interested in Finance stocks should continue to pay close attention to the company.
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