Enova International (ENVA) Soars 3.8%: Is Further Upside Left in the Stock?

Enova International (ENVA) shares soared 3.8% in the last trading session to close at $121.13. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8.2% gain over the past four weeks.With the Federal Reserve poised to cut interest rates today for the first time this year, investor sentiment toward the financial services sector has strengthened. Lower borrowing costs are expected to boost loan demand, positioning Enova International, a provider of credit to consumers and small businesses underserved by traditional banks, as a key beneficiary. This optimism drove ENVA stock higher.This online financial services company is expected to post quarterly earnings of $3.04 per share in its upcoming report, which represents a year-over-year change of +24.1%. Revenues are expected to be $805.14 million, up 16.7% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Enova International, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on ENVA going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Enova International belongs to the Zacks Financial - Consumer Loans industry. Another stock from the same industry, World Acceptance (WRLD), closed the last trading session 0.5% lower at $168.29. Over the past month, WRLD has returned 2.3%.World Acceptance's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.87. Compared to the company's year-ago EPS, this represents a change of -53.1%. World Acceptance currently boasts a Zacks Rank of #4 (Sell).Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>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 World Acceptance Corporation (WRLD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks