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Mar 31, 2020
Enova Q1 2020 Earnings Report
Reported a 37% increase in revenue and diluted earnings per share of $0.18.
Key Takeaways
Enova International reported a 37% increase in revenue to $362 million for the first quarter of 2020. Diluted earnings per share were $0.18, and adjusted earnings per share were $0.26. The company is adapting to changes in the current environment due to the COVID-19 pandemic and has withdrawn its full year 2020 guidance.
First quarter revenue increased by 37% year-over-year to $362 million.
Net income from continuing operations was $6 million, or $0.18 per diluted share.
Adjusted earnings per share were $0.26.
Loans and finance receivables outstanding grew 31% year-over-year to $1.15 billion.
Enova
Enova
Forward Guidance
Enova is not providing guidance for the second quarter of 2020 and is withdrawing its full year 2020 guidance that was issued on January 29, 2020 due to the economic uncertainty resulting from the COVID-19 pandemic.