ENVA

Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Enova (NYSE:ENVA) and the best and worst performers in the personal loan industry. Personal loan providers offer unsecured credit for various consumer needs. The sector benefits from digital application processes, increasing consumer comfort with online financial services, and opportunities in underserved credit segments. Headwinds include credit risk management in unsecured lending, regulatory oversight of lending practices, and intense competition affecting margins from both traditional and fintech lenders. The 7 personal loan stocks we track reported a very strong Q2. As a group, revenues beat analysts’ consensus estimates by 4.2%. While some personal loan stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 1.6% since the latest earnings results. Pioneering online lending since 2004 with a massive database of over 65 terabytes of customer behavior data, Enova International (NYSE:ENVA) provides online financial services including installment loans and lines of credit to non-prime consumers and small businesses in the United States and Brazil. Enova reported revenues of $928.9 million, up 21.6% year on year. This print exceeded analysts’ expectations by 2.1%. Overall, it was a strong quarter for the company with an impressive beat of analysts’ EBITDA and EPS estimates. Interestingly, the stock is up 11.7% since reporting and currently trades at $243.36. Read why we think that Enova is one of the best personal loan stocks, our full report is free. Starting as a student loan refinancing company founded by Stanford business school students in 2011, SoFi Technologies (NASDAQ:SOFI) operates a digital financial platform offering lending, banking, investing, and other financial services to help members borrow, save, spend, invest, and protect their money. SoFi reported revenues of $1.21 billion, up 40.5% year on year, outperforming analysts’ expectations by 7.1%. The business had an exceptional quarter with an impressive beat of analysts’ EBITDA and EPS estimates. The market seems happy with the results as the stock is up 13.6% since reporting. It currently trades at $19.01. Is now the time to buy SoFi? Access our full analysis of the earnings results here, it’s free. Dating back to 1912 and formerly known as Springleaf, OneMain Holdings (NYSE:OMF) provides personal loans, auto financing, and credit cards to nonprime consumers who have limited access to traditional banking services. OneMain reported revenues of $1.29 billion, up 6.9% year on year, exceeding analysts’ expectations by 1.4%. It was a satisfactory quarter as it also posted a narrow beat of analysts’ net interest income estimates but a significant miss of analysts’ EBITDA estimates. Interestingly, the stock is up 1.6% since the results and currently trades at $63.23. Read our full analysis of OneMain’s results here. Founded in 2016 as an alternative to traditional credit cards for younger shoppers, Sezzle (NASDAQ:SEZL) provides a payment platform that allows consumers to split purchases into four interest-free installments over six weeks at participating retailers. Sezzle reported revenues of $149.7 million, up 51.7% year on year. This print surpassed analysts’ expectations by 9.8%. Overall, it was an exceptional quarter as it also logged a solid beat of analysts’ EBITDA estimates and a beat of analysts’ EPS estimates. Sezzle delivered the biggest analyst estimate beat in the group. The stock is down 31% since reporting and currently trades at $123.15. Read our full, actionable report on Sezzle here, it’s free. Offering a financial lifeline to the unbanked and credit-constrained since 1988, FirstCash (NASDAQ:FCFS) operates pawn stores across the U.S. and Latin America while also providing retail point-of-sale payment solutions for credit-constrained consumers. FirstCash reported revenues of $1.07 billion, up 29.4% year on year. This number topped analysts’ expectations by 4.1%. It was a strong quarter as it also put up a beat of analysts’ EPS estimates. The stock is up 11.1% since reporting and currently trades at $231.93. Read our full, actionable report on FirstCash here, it’s free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

Pagaya Technologies Ltd. PGY delivered a stronger-than-expected second quarter. Record network volume, revenues and GAAP net income, together with higher full-year guidance, raise the bar for the company’s 2026 performance.The key event-driven question is whether Pagaya can sustain the operating leverage behind the latest results while managing funding-cost and credit risks. Pagaya reported adjusted earnings of $1.07 per share in the second quarter, comfortably above the Zacks Consensus Estimate of 71 cents. GAAP net income attributable to Pagaya reached a record $45.3 million, up from $16.7 million a year earlier.The beat was not isolated. PGY topped earnings expectations in each of the trailing four quarters, with an average positive surprise of 43.5%. Image Source: Zacks Investment Research Total revenue and other income reached a record $387 million, up 18.6% year over year, and exceeded the Zacks Consensus Estimate of $358.2 million. The company also reported record adjusted EBITDA of $124 million, up 43% year over year.Network volume reached a record $3.54 billion, increasing 33.5% year over year. Growth was driven by the auto vertical while Pagaya maintained its focus on prudent underwriting. Revenue from fees less production costs, or FRLPC, reached a record $146.9 million, up 16.4% year over year.The figures show that Pagaya is scaling across its lending network, with auto providing a major source of incremental volume while personal loans and point-of-sale financing remain part of the broader product strategy. The company’s investor presentation also highlighted 33% year-over-year total network-volume growth and 140% auto network-volume growth in the second quarter.Supported by robust performance and strength in fundamentals, the company’s shares have gained 3.3% year to date, outperforming the industry’s 9.4% decline. Image Source: Zacks Investment Research Pagaya raised a record $3.7 billion of ABS funding across six transactions in the second quarter and added 11 investors. The final three transactions were upsized, and the company also added an Auto Forward Flow agreement. The funding activity points to continued demand for assets across the platform.A broader funding base can support network-volume growth by giving Pagaya more flexibility across ABS, forward-flow and revolving structures. The company has also been expanding the number of institutional funding partners and diversifying funding channels. That matters because the ability to fund growing network volume is a key part of converting partner and product expansion into revenue.PGY’s 40% of funding comes through non-prefunded ABS products, alongside forward-flow and revolving structures. Amongst PGY’s key peers, Affirm Holdings, Inc. AFRM uses technology, proprietary underwriting and third-party capital to support its pay-over-time platform, while Enova International, Inc. ENVA operates an online lending platform powered by analytics and machine learning. Both AFRM and ENVA provide context for technology-driven consumer finance. Management now expects full-year 2026 network volume of $12.5-$13.25 billion, compared with the previous $11.45-$13 billion range. Total revenue and other income is projected at $1.425-$1.525 billion, versus the prior $1.4-$1.575 billion outlook.The company also raised its full-year GAAP net income guidance to $155-$180 million from $110-$160 million and its adjusted EBITDA outlook to $460-$490 million from $420-$460 million. The higher targets reflect greater confidence in volume growth and operating leverage, but they also increase the importance of successful partner ramps and continued expense discipline.The near-term outlook reinforces that higher expectations are not limited to the second quarter. Management expects third-quarter network volume of $3.425-$3.625 billion, revenue and other income of $370-$390 million, adjusted EBITDA of $120-$130 million and GAAP net income of $42-$52 million.Supported by management’s higher guidance for key metrics, the Zacks Consensus Estimate for the company’s 2026 and 2027 earnings increased by 15.2% and 11%, respectively over the past 30 days. Image Source: Zacks Investment Research PGY currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Its Zacks Style Scores are a Value Score of B, Growth Score of A, Momentum Score of B and VGM Score of A. The Growth Score supports the company’s improving earnings profile, while the Value and Momentum Scores provide additional context for the stock’s setup.The Zacks Style Scores are designed to complement the Zacks Rank by evaluating value, growth and momentum characteristics. The Style Score Education material notes that the individual scores measure different investment styles, while the VGM Score combines the weighted average of the three styles. For PGY, those signals support the stronger earnings setup, but they do not remove the execution risks associated with funding costs, credit performance and FRLPC pressure.The key event-driven takeaway is therefore mixed but constructive. The second-quarter beat and higher guidance provide stronger evidence that Pagaya’s growth and operating-leverage strategy is working. Sustaining that trajectory will depend on continued network-volume expansion, funding availability and disciplined execution as the company moves toward its higher 2026 targets. 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 Pagaya Technologies Ltd. (PGY) : Free Stock Analysis Report Enova International, Inc. (ENVA) : Free Stock Analysis Report Affirm Holdings, Inc. (AFRM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Shares of Navient Corporation NAVI gained 4.8% in yesterday’s trading session after reporting better-than-expected results. The company’s second-quarter 2026 earnings per share (EPS) of 29 cents surpassed the Zacks Consensus Estimate of 19 cents. It reported earnings of 21 cents in the prior-year quarter. Results benefited from lower expenses and a decline in provisions for loan losses. However, a decrease in net interest income (NII) and other income acted as a headwind. Navient’s GAAP net income was $25 million compared with $14 million in the prior-year quarter. NII declined 8.3% year over year to $120 million in the second quarter. It missed the Zacks Consensus Estimate of $129.1 million by 7%. Total other income decreased 18.2% year over year to $27 million. Provision for loan losses was $26 million, down from $37 million in the prior-year quarter. Total expenses decreased 15.8% year over year to $85 million. Federal Education Loans: The segment generated a net income of $26 million, which declined 13.3% year over year. As of June 30, 2026, the company’s net FFELP loans were $26.6 billion, down 10.3% sequentially. Consumer Lending: This segment reported a net income of $27 million, which increased 3.8% from the year-ago quarter. The private education loan delinquency rate greater than 30 days was 5.4% compared with 6.4% in the prior-year quarter. As of June 30, 2026, the company’s private education loans were $15.7 billion, which increased marginally from the prior quarter. Navient originated $735 million of private education refinance loans in the reported quarter. To meet liquidity needs, NAVI expects to utilize various sources, including cash on hand, unencumbered education loan portfolios, operating cash flows, repayments of principal on unencumbered education loan assets and distributions from securitization trusts. It may also draw down on the secured FFELP Loan and Private Education Loan facilities, issue term asset-backed securities (ABS), enter additional Private Education Loan and ABS repurchase facilities, or issue additional unsecured debt. Notably, the company had $770 million of cash and cash equivalents as of June 30, 2026. In the second quarter, the company paid $15 million in common stock dividends. In the reported quarter, Navient repurchased shares of common stock for $2 million. Navient’s second-quarter results benefited from lower expenses and a decline in provisions for loan losses. The year-over-year improvement in Consumer Lending net income and solid private education refinance loan originations were other positives. However, lower NII and other income remained concerns. The continued decline in the FFELP loan portfolio is also likely to weigh on interest income, while the company’s disciplined expense management should provide some support to financial performance. Navient Corporation price-consensus-eps-surprise-chart | Navient Corporation Quote Currently, NAVI carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Capital One Financial’s COF second-quarter 2026 adjusted earnings of $5.81 per share significantly outpaced the Zacks Consensus Estimate of $4.85. The bottom line was up from $5.48 in the prior-year quarter. Results benefited from a rise in net interest income and non-interest income, along with a substantial decline in provisions. Loan growth and improvement in net interest margin were other positives. However, higher expenses and a sequential decline in deposits were undermining factors for COF. Enova International, Inc. ENVA reported second-quarter 2026 adjusted earnings per share of $4.31, which increased from $3.23 in the prior-year quarter. The metric surpassed the Zacks Consensus Estimate of $3.99. ENVA’s results were aided by increased revenues and improving credit quality. However, an increase in expenses was a headwind. 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 Navient Corporation (NAVI) : Free Stock Analysis Report Capital One Financial Corporation (COF) : Free Stock Analysis Report Enova International, Inc. (ENVA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Encore Capital Group, Inc.’s ECPG second-quarter 2026 earnings per share of $2.81 missed the Zacks Consensus Estimate of $3.07. However, the bottom line increased 13% year over year. The reported quarter’s earnings included refinancing costs of $1 per share.Results primarily benefited from record global collections, strong U.S. execution, higher debt purchasing revenues and a robust balance sheet. However, an increase in expenses, along with lower servicing and other revenues, were the undermining factors.Net income increased 9% year over year to $64 million. Quarterly revenues of $491.9 million surpassed the Zacks Consensus Estimate of $462.1 million. The top line increased 11% from the prior-year quarter.Total debt purchasing revenues increased 13.1% from the prior-year quarter to $471.4 million. However, servicing revenues and other revenues declined 18.3% and 25%, respectively.Total operating expenses increased 4.7% from the prior-year quarter to $305 million. The rise was due to an increase in salaries and employee benefits costs, and cost of legal collections. Total global portfolio purchases were $443.8 million, up 20.9% year over year. The increase in portfolio purchases was driven by strong purchasing activity across both Midland Credit Management, or MCM (U.S.), and Cabot Credit Management (Europe) businesses as market supply remained favorable and the company continued to deploy capital into attractive portfolios.MCM portfolio purchases were $372.3 million in the quarter, up 17.3%. This represented ECPG’s strongest U.S. purchasing quarter. Cabot posted portfolio purchases of $71.5 million, up 43.5% year over year.Global collections from purchased receivables increased 13% year over year to a record $737 million. MCM collections rose 16.6% to $571.9 million. The Cabot Credit Management collections were $164.3 million, up marginally from the prior-year quarter. As of June 30, 2026, Encore Capital had total assets worth $5.57 billion, up from $5.34 billion as of Dec. 31, 2025. The cash and cash equivalents balance was $182.9 million, up from $156.8 million at the end of 2025.Borrowings were $4.18 billion as of June 30, 2026, while stockholders’ equity was $1.08 billion. In the quarter, the company repurchased approximately $27 million in shares. Given the strong first-half results, management raised its global collections guidance. It expects collections in 2026 to increase 8-10% year over year to $2.8-$2.85 billion.The company also raised its earnings outlook. It expects EPS to be $13-$14, even after absorbing $1 per share of refinancing costs in the second quarter.Encore Capital maintained its portfolio purchasing outlook of $1.4-$1.5 billion. Scale-backed U.S. leadership, consistent execution, margin discipline and strong liquidity underpin Encore Capital’s durable growth. However, the company’s U.S.-heavy concentration might create a near-term headwind. Also, rising legal collection costs and high leverage may pressure margins if collections slow or borrowing costs increase. Encore Capital Group Inc price-consensus-eps-surprise-chart | Encore Capital Group Inc Quote Currently, ECPG carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Credit Acceptance Corporation’s CACC second-quarter 2026 adjusted earnings per share of $12.12 surpassed the Zacks Consensus Estimate of $11.46. The bottom line increased 20.6% year over year.CACC’s results were aided by a marginal rise in revenues and lower provisions and operating expenses.Enova International, Inc. ENVA reported second-quarter 2026 adjusted earnings per share of $4.31, which increased from $3.23 in the prior-year quarter. The metric surpassed the Zacks Consensus Estimate of $3.99.ENVA’s results benefited from increased revenues and improving credit quality. However, higher expenses were a headwind. 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 Encore Capital Group Inc (ECPG) : Free Stock Analysis Report Credit Acceptance Corporation (CACC) : Free Stock Analysis Report Enova International, Inc. (ENVA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

EZCORP, Inc. EZPW reported third-quarter fiscal 2026 (ended June 30) adjusted earnings per share (EPS) of 47 cents, beating the Zacks Consensus Estimate of 39 cents. The metric increased from earnings of 32 cents in the prior-year quarter. Results were aided by growth in pawn service charges, merchandise sales and jewelry scrap sales. However, an increase in expenses was a headwind. Results include certain items. After considering those, the company’s net income attributable to common shareholders (GAAP basis) was $38.2 million compared with $26.5 million in the year-ago quarter. Total quarterly revenues were $418.7 million, rising 34.7% year over year. The top line surpassed the Zacks Consensus Estimate of $405 million. Total operating expenses were $191.4 million, up 29.6% from the previous-year quarter. Store expenses increased 30.3% to $147.7 million due to higher labor costs, including minimum-wage increases in Latin America. General and administrative expenses rose 23.5% to $34 million due to labor costs, higher incentive compensation and expenses associated with SMG. U.S. Pawn: Total revenues were $251.2 million, up 14.2% year over year. Pawn loans outstanding increased 15% to $254.5 million, while segment contribution rose 24.4% to $61.6 million. Pawn service charges increased 13.4% to $95.2 million. Merchandise sales rose 5.8% to $118.8 million, while jewelry scrap sales increased 56.8% to $37.2 million. Latin America Pawn: Total revenues totaled $124.4 million, up 36.7% year over year. Pawn loans outstanding increased 40% to $98.9 million. On a constant-currency basis, the metric increased 33%. Pawn service charges rose 36.7% year over year to $42.9 million, while merchandise sales increased 30.9% to $73.8 million. Jewelry scrap sales surged 138.2% to $7.7 million. Segment contribution increased 56.1% year over year. On a constant-currency basis, segment contribution rose 43% to $22.8 million. SMG: Total revenues were $43.1 million, comprising merchandise sales of $17.1 million, pawn service charges of $14.3 million and jewelry scrap sales of $11.7 million. Pawn loans outstanding were $33.8 million, while net inventory totaled $28.9 million. Store expenses were $16 million and segment contribution was $5.9 million. Merchandise sales gross margin increased to 38% from 36% in the prior-year quarter. Aged general merchandise declined 132 basis points to 1.3% of the total general merchandise inventory. Jewelry scrap sales gross margin decreased to 26% from 29% in the year-ago quarter. Inventory turnover declined to 2.3 times from 2.4 times. The company ended the quarter with 1,549 stores, up from 1,336 stores as of June 30, 2025. During the fiscal third quarter, it added 43 stores. As of June 30, 2026, cash and cash equivalents were $311 million compared with $472.1 million as of June 30, 2025. Long-term debt was $519.5 million compared with $517.6 million as of June 30, 2025. During the first nine months of fiscal 2026, the company used $8 million for the purchase and retirement of treasury stock compared with $6 million in the prior-year period. The company’s near-term performance is expected to be supported by higher average loan balances, and continued growth in merchandise sales and pawn service charges. It also strengthened its presence in Latin America by acquiring 33 stores in Guatemala, reinforcing its leadership position in the region, while opening nine de novo stores. EZPW recently acquired the remaining minority interests in SMG, which operates 108 stores across 12 countries, enhancing its ownership and operational scale. However, rising store and administrative expenses, lower cash balances and a decline in inventory turnover remain concerning. EZCORP, Inc. price-consensus-eps-surprise-chart | EZCORP, Inc. Quote EZPW currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Enova International, Inc. ENVA reported second-quarter 2026 adjusted earnings per share of $4.31, which increased from $3.23 in the prior-year quarter. The metric surpassed the Zacks Consensus Estimate of $3.99. ENVA results were aided by increased revenues and improving credit quality. However, an increase in expenses was a headwind. Capital One Financial’s COF second-quarter 2026 adjusted earnings of $5.81 per share significantly outpaced the Zacks Consensus Estimate of $4.85. The bottom line increased from $5.48 in the prior-year quarter. Results benefited from a rise in net interest income and non-interest income, along with a substantial decline in provisions. Loan growth and an improvement in the net interest margin were other positives. However, higher expenses and a sequential decline in deposits were undermining factors for COF. 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 Capital One Financial Corporation (COF) : Free Stock Analysis Report EZCORP, Inc. (EZPW) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Credit Acceptance Corporation’s CACC second-quarter 2026 adjusted earnings per share of $12.12 surpassed the Zacks Consensus Estimate of $11.46. The bottom line increased 20.6% year over year.Shares of CACC lost 2.2% during after-market trading.Results were aided by a marginal rise in revenues and lower provisions and operating expenses.Including non-recurring items, net income was $135.9 million or $12.66 per share, up from $87.4 million or $7.42 per share in the prior-year quarter. Total GAAP revenues were $587.4 million, up 0.6% year over year. Increased finance charges and premiums earned supported revenue growth.Provision for credit losses was $159.2 million, down 7.8%.Total operating expenses of $134.1 million decreased 13.8% from the prior-year quarter.As of June 30, 2026, net loans receivable were $7.96 billion, up marginally from the end of December 2025.Total assets were $8.62 billion as of the same date, down marginally from Dec. 31, 2025. Total shareholders’ equity was $1.59 billion, up 4.3% from Dec. 31, 2025.During the reported quarter, Credit Acceptance repurchased 0.3 shares for $141.4 million. CACC is well-positioned for revenue growth, given strengthening origination trends and continued momentum across its dealer network. Growth in active dealers is another positive. However, elevated expenses are a concern. Credit Acceptance Corporation price-consensus-eps-surprise-chart | Credit Acceptance Corporation Quote Currently, Credit Acceptance carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. OneMain Holdings’ OMF second-quarter 2026 adjusted earnings of $1.31 per share in the consumer and insurance (C&I) segment matched the Zacks Consensus Estimate. However, the bottom line declined 9.7% from the year-ago quarter.Results were primarily driven by an increase in net interest income (NII) and other revenues. A sequential increase in net finance receivables was another positive for the company. However, higher total other expenses and provisions hurt OMF’s results to an extent. Enova International, Inc. ENVA reported second-quarter 2026 adjusted earnings per share of $4.31, which increased from $3.23 in the prior-year quarter. The metric surpassed the Zacks Consensus Estimate of $3.99.ENVA’s results benefited from increased revenues and improving credit quality. However, higher expenses were a headwind. 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 Credit Acceptance Corporation (CACC) : Free Stock Analysis Report Enova International, Inc. (ENVA) : Free Stock Analysis Report OneMain Holdings, Inc. (OMF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Navient Corporation NAVI is scheduled to report second-quarter 2026 results on Aug. 06, before the opening bell. Its quarterly revenues and earnings are expected to have declined year over year. In the last quarter, NAVI’s results benefited from lower expenses and a decline in provisions for loan losses. However, a decrease in net interest income (NII) and other income acted as a headwind. NAVI has an impressive earnings surprise history. Its earnings outpaced estimates in the trailing three quarters and missed once, with the average earnings surprise being 20.59%. Navient Corporation price-eps-surprise | Navient Corporation Quote The Zacks Consensus Estimate for second-quarter earnings is pegged at 19 cents per share, which has remained unchanged in the past week. The figure indicates a 9.5% decline from the year-ago reported figure. The consensus estimate for sales is pegged at $129.1 million, which suggests a 1.5% decline from the year-ago reported figure. Revenues: Per the Fed’s latest data, consumer loan demand remained resilient in the second quarter, which is likely to have provided some support to Navient’s Consumer Lending segment. Further, the Federal Education Loans segment revenues are likely to have increased, primarily driven by higher prepayment levels, even as origination volumes remained constrained. The Zacks Consensus Estimate for NII (Core) is pegged at $128.9 million, indicating a sequential increase of 2.3%. The consensus estimate for NII (Federal Education loan) is pegged at $46.7 million, suggesting a 1.5% rise on a sequential basis. The Zacks Consensus Estimate for NII (consumer lending) is pegged at $101.9 million, implying a sequential decline of 1.9%. The consensus estimate for servicing revenues is pegged at $12.4 million, indicating a 12.7% increase from the prior quarter. The Zacks Consensus Estimate for total non-interest income is pegged at $16.1 million, indicating a marginal sequential increase. Expenses: Navient’s ongoing cost-control initiatives are expected to support operating efficiency and reduce expenses in the second quarter. The company’s Phase 2 transformation strategy remains focused on cost reduction and higher-margin digital lending. Ongoing workforce optimization and organizational streamlining are likely to have contributed to a further decline in operating expenses in the to-be-reported quarter. Our proven model does not conclusively predict an earnings beat for NAVI this time. The combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. That is not the case here, as you can see below. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. Earnings ESP: The Earnings ESP for Navient is -6.76%. Zacks Rank: The company currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here. Capital One Financial’s COF second-quarter 2026 adjusted earnings of $5.81 per share significantly outpaced the Zacks Consensus Estimate of $4.85. The bottom line was up from $5.48 in the prior-year quarter. Results benefited from a rise in net interest income and non-interest income, along with a substantial decline in provisions. Loan growth and improvement in net interest margin were other positives. However, higher expenses and a sequential decline in deposits were undermining factors for COF. Enova International, Inc. ENVA reported second-quarter 2026 adjusted earnings per share of $4.31, which increased from $3.23 in the prior-year quarter. The metric surpassed the Zacks Consensus Estimate of $3.99. ENVA’s results were aided by increased revenues and improving credit quality. However, an increase in expenses was a headwind. 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 Navient Corporation (NAVI) : Free Stock Analysis Report Capital One Financial Corporation (COF) : Free Stock Analysis Report Enova International, Inc. (ENVA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

In July 2026, Enova International, Inc. reported past second-quarter 2026 results showing revenue of US$568.07 million and net income of US$105.06 million, with both basic and diluted earnings per share from continuing operations higher than a year earlier. Alongside this earnings strength, Enova completed a US$51.77 million share repurchase under its November 2025 authorization, signaling ongoing capital return while it advances plans to acquire Grasshopper Bancorp and expand its digital lending and banking capabilities. We’ll now examine how Enova’s stronger earnings and active buybacks may influence its investment narrative and future growth assumptions. This technology could replace computers: discover 26 stocks that are working to make quantum computing a reality. To own Enova today, you need to believe its data driven online lending model can keep converting digital demand into profitable growth while managing credit and regulatory risk. The Q2 2026 results and ongoing buybacks support the near term earnings story, but the pending Grasshopper Bancorp acquisition now looks like the key catalyst and risk, given its potential to reshape funding, regulation and execution demands in the short run. The most relevant announcement here is Enova’s completion of US$51.77 million in share repurchases under its November 2025 authorization. Against a backdrop of higher Q2 earnings and the Grasshopper deal on the horizon, these buybacks modestly tighten the share count and reinforce the earnings power per share that underpins the current catalyst narrative, while investors weigh how much integration and regulatory risk they are willing to accept. Yet beneath the strong recent results, investors should be aware that integration and regulatory risks around Grasshopper could still... Read the full narrative on Enova International (it's free!) Enova International's narrative projects $8.6 billion revenue and $581.3 million earnings by 2029. Uncover how Enova International's forecasts yield a $230.00 fair value, a 9% downside to its current price. Some of the lowest estimate analysts were already assuming margins could compress even as earnings approached about US$525 million by 2029, so your view on Grasshopper’s integration risk and future profitability might lead you to a very different conclusion once this latest quarter is fully reflected in forecasts. Explore 4 other fair value estimates on Enova International - why the stock might be worth as much as 84% more than the current price! Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts. A great starting point for your Enova International research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision. Our free Enova International research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Enova International's overall financial health at a glance. Don't miss your shot at the next 10-bagger. Our latest stock picks just dropped: The future of work is here. Discover the 35 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation. Uncover the next big thing with 21 elite penny stocks that balance risk and reward. AI is about to change healthcare. These 41 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. This 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. Companies discussed in this article include ENVA. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Enova International ENVA has drawn renewed investor attention after delivering another quarter of strong earnings growth in the second quarter of 2026. The company's accelerating revenue growth, favorable earnings estimate revisions and solid operating momentum underpin a bullish outlook. However, a premium valuation and elevated leverage suggest investors should remain selective despite the company's robust fundamentals. Enova reported second-quarter 2026 adjusted earnings of $4.31 per share, up from $3.23 in the prior-year quarter. The figure comfortably surpassed the Zacks Consensus Estimate of $3.99. The beat was not isolated. Enova topped earnings expectations in each of the trailing four quarters, while management raised its 2026 adjusted earnings growth outlook to 30-35%. Earnings Surprise History Image Source: Zacks Investment Research Operating trends add support to the profit story. Second-quarter originations rose 27% year over year to $2.3 billion, marking the 11th straight quarter of at least 20% growth. Small business lending remains a central driver, representing 69% of the loan portfolio at the end of June 2026. This makes Enova’s trajectory different from education-finance peers such as Navient Corporation NAVI and Salie Mae SLM, which are tied more directly to student loan servicing and private education lending. ENVA now trades at 13.51X forward 12-month price-to-earnings. That is well above its five-year median of 7.66X and close to its five-year high of 14.33X, indicating that investors are already pricing in stronger execution. Price-to-Earnings F12M Image Source: Zacks Investment ResearchThe relative picture is mixed. The multiple is above the Financial - Consumer Loans sub-industry’s 7.98X, but below the Zacks Finance sector’s 16.50X and the S&P 500’s 19.83X. Its peers, Navient and Salie Mae trades at a multiple of 10.17X and 19.83X, respectively. The Zacks Consensus Estimate for Enova's 2026 and 2027 earnings increased by 5.6% and 10%, respectively over the past week. The upward revisions reflect analysts' growing confidence in the company's revenue outlook, sustained loan origination growth and a stable margin environment. Estimate Revision Trend Image Source: Zacks Investment Research Management now expects 2026 revenue growth of 20-25%, supported by demand from underserved consumers and small businesses. Enova also expects 2026 originations to rise 20% from the 2025 level. Long-term debt rose to $5.01 billion as of June 30, 2026 from $4.50 billion in the prior quarter. Liquidity declined to $929 million from $1.1 billion, leaving less room for error if credit conditions weaken. Capital allocation adds another layer of risk. Enova announced a $400-million share-repurchase program in November 2025, set to run through June 30, 2027, and repurchased shares in both the first and second quarters of 2026. Continued buybacks alongside preparations to close the Grasshopper Bancorp acquisition could pressure financial flexibility. Credit quality also deserves attention. Net charge-offs declined in the first half of 2026, but overall delinquency was broadly unchanged. In small business lending, the delinquency ratio increased to 7.4% from 6.6%, and sustained growth in small business receivables could amplify losses if late payments persist. The bottom line is that ENVA’s earnings-revision profile and operating momentum justify investor interest, but the stock is no longer priced as cheaply as it has been historically. The valuation reset makes execution, credit discipline and balance-sheet management more important. ENVA currently carries a Zacks Rank #1 (Strong Buy). That rank supports a favorable near-term view because it reflects positive earnings estimate revision trends, a key driver in the Zacks framework. You can see the complete list of today’s Zacks #1 Rank stocks here. The stock also has a VGM Score of A, with a Value Score of B, Growth Score of B and Momentum Score of B. These grades suggest broad appeal across valuation, growth and price-trend characteristics, while reinforcing that the bullish case still depends on continued execution and careful balance-sheet management. Investor confidence has been reflected in the stock's performance. Over the past year, Enova shares have surged 151.9%, substantially outperforming the industry's 7.2% gain. While this exceptional run underscores the company's strong fundamentals, it also raises the bar for future execution as investors increasingly price in continued growth. Price Performance Image Source: Zacks Investment Research 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 SLM Corporation (SLM) : Free Stock Analysis Report Navient Corporation (NAVI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Enova’s second quarter results drew a positive market response, underpinned by robust originations growth in both consumer and small business lending. Management attributed the company’s performance to a combination of rising demand, stable credit conditions, and effective risk management powered by advanced analytics. CEO Steven E. Cunningham emphasized that both consumer and small business originations contributed to the 27% year-over-year growth, while credit quality improvements and disciplined marketing enabled higher profitability. The quarter also featured a notable decline in net charge-off rates, signaling improved loan performance across the company’s lending portfolio. Is now the time to buy ENVA? Find out in our full research report (it’s free). Revenue: $928.9 million vs analyst estimates of $909.6 million (21.6% year-on-year growth, 2.1% beat) Adjusted EPS: $4.31 vs analyst estimates of $3.96 (8.7% beat) Operating Margin: 15.2%, up from 13.3% in the same quarter last year Market Capitalization: $6.09 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. David Scharf (Citizens Capital Markets) asked about the acceleration in consumer volumes. CEO Steven E. Cunningham explained this was due to strong demand and favorable market conditions, not a loosening of credit standards or increased marketing spend. William Ryan (Seaport Research Partners) questioned trends in delinquency rates and yield changes across both consumer and small business portfolios. Cunningham and CFO Scott Cornelis clarified that credit performance was expected to normalize, and portfolio yields should stabilize near current levels. Vincent Caintic (BTIG) inquired about the rationale for increased marketing spend and whether this trend would continue. Cunningham noted marketing was proportionate to originations growth and remained efficient, with spend driven by real-time analytics and demand. Vincent Caintic (BTIG) also explored potential product and technology opportunities arising from the Grasshopper Bank combination. Cunningham highlighted new payment and treasury management capabilities as avenues for future innovation post-close. Kyle Joseph (Stephens) probed for any recent underwriting changes, particularly in the small business segment. Cunningham stated that the company’s risk appetite remained consistent, and growth was attributed to strong brand demand and market share gains rather than changes in underwriting criteria. In the coming quarters, the StockStory team will monitor (1) progress on closing and integrating Grasshopper Bank, (2) sustained originations growth and portfolio diversification across consumer and small business lending, and (3) the maintenance of stable credit quality and net charge-off rates. Additional attention will be paid to cost management and the roll-out of new digital banking products enabled by the Grasshopper acquisition. Enova currently trades at $245, up from $217.80 just before the earnings. Is the company at an inflection point that warrants a buy or sell? Find out in our full research report (it’s free for active Edge members). ONE MORE THING: Top 6 Stocks for This Week. This market is separating quality stocks from expensive ones fast. AI is taking down whole sectors with no warning. In a rotation this fast, you need more than a list of good companies. Our AI system flagged Palantir before it ran 1,662% between October 2022 and February 2026. AppLovin before it ran 753% between February 2024 and February 2026. Nvidia before it ran 1,178% between January 2023 and February 2026. Each week it produces 6 new names that pass the same tests. Get Our Top 6 Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+214% between June 2020 and June 2025). Find your next big winner with StockStory today.