Enova sees 30-35% adjusted EPS growth in 2026, Grasshopper deal on track

Enova International posted second-quarter results that beat analyst estimates on both earnings and revenue, the company said Tuesday. Credit trends improved during the period, and management raised its full-year adjusted EPS growth forecast to a range of 30% to 35%.

The lender also said its acquisition of Grasshopper Bank remains on track to close later this year. The deal is expected to expand Enova's deposit base and funding flexibility.

Enova shares have been supported by the improving credit picture and the bank buyout, which gives the company a direct banking license. The stock carries an Alpha Score of 70 out of 100, a "Moderate" reading that reflects balanced risk and reward in the Financial Services sector.

Enova reports on a GAAP basis but highlights adjusted EPS as a measure of operating performance. The company ended the second quarter with a non-GAAP net income margin of about 20%, according to the earnings release.