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Has Enova International (ENVA) Outpaced Other Finance Stocks This Year?
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The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Enova International (ENVA - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Enova International is one of 817 individual stocks in the Finance sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ENVA is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ENVA's full-year earnings has moved 3.50% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that ENVA has returned about 108.55% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of -1.26% on a year-to-date basis. This shows that Enova International is outperforming its peers so far this year.
To break things down more, ENVA belongs to the Financial - Consumer Loans industry, a group that includes 18 individual companies and currently sits at #91 in the Zacks Industry Rank. On average, this group has gained an average of 2% so far this year, meaning that ENVA is performing better in terms of year-to-date returns.
Investors in the Finance sector will want to keep a close eye on ENVA as it attempts to continue its solid performance.
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Has Enova International (ENVA) Outpaced Other Finance Stocks This Year?
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Enova International (ENVA - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Enova International is one of 817 individual stocks in the Finance sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ENVA is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ENVA's full-year earnings has moved 3.50% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that ENVA has returned about 108.55% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of -1.26% on a year-to-date basis. This shows that Enova International is outperforming its peers so far this year.
To break things down more, ENVA belongs to the Financial - Consumer Loans industry, a group that includes 18 individual companies and currently sits at #91 in the Zacks Industry Rank. On average, this group has gained an average of 2% so far this year, meaning that ENVA is performing better in terms of year-to-date returns.
Investors in the Finance sector will want to keep a close eye on ENVA as it attempts to continue its solid performance.