Enova International (ENVA) has reported 108.42 percent jump in profit for the quarter ended Dec. 31, 2016. The company has earned $8.71 million, or $0.26 a share in the quarter, compared with $4.18 million, or $0.13 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $8.53 million, or $0.25 a share compared with $6.20 million or $0.19 a share, a year ago. Revenue during the quarter grew 15.40 percent to $202.44 million from $175.42 million in the previous year period.
However, the adjusted EBITDA for the quarter stood at $35.09 million compared with $28.27 million in the prior year period. At the same time, adjusted EBITDA margin improved 122 basis points in the quarter to 17.33 percent from 16.12 percent in the last year period.
"A solid fourth quarter, driven by strong demand and solid credit performance across all of our businesses, capped off a very good year for Enova," said Enovas chief executive officer David Fisher. "Our six businesses, which include U.S. Subprime, U.S. Near-Prime, U.K. Consumer, U.S. Small Business, Brazil and Enova Decisions, continue to perform well. We see considerable opportunity to further expand our reach and grow our market share in each. The strength of Enova's proprietary analytics, extensive experience and high customer satisfaction give us confidence about our ability to continue our growth well into the future."
For the first-quarter, Enova International expects revenue to be in the range of $180 million to $200 million. Enova International expects revenue to be in the range of $810 million to $880 million for financial year 2017. The company expects operating income to be in the range of $28 million to $38 million for the first-quarter. For fiscal year 2017, the company expects operating income to be in the range of $118 million to $148 million.
Assets outpace liabilities growthTotal assets stood at $977.88 million as on Dec. 31, 2016, up 11.01 percent compared with $880.87 million on Dec. 31, 2015. On the other hand, total liabilities stood at $736.18 million as on Dec. 31, 2016, up 9.08 percent from $674.90 million on Dec. 31, 2015. Shareholders equity stood at $241.70 million as on Dec. 31, 2016, up 17.35 percent or $35.73 million from year-ago.
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