Why World Acceptance Shares Are Gaining Today
Portfolio Pulse from Nabaparna Bhattacharya
World Acceptance Corporation (NASDAQ:WRLD) reported Q1 revenues of $139.32 million, down 11.8% YoY but beating the consensus of $135.81 million. EPS of $1.62 also beat the consensus of $0.63. The company saw a decrease in borrowing due to tighter underwriting standards, and gross loans outstanding were down 14.9% to $1.40 billion. The provision for credit losses decreased by $39.2 million to $46.6 million. WRLD shares are trading higher by 5.86% to $144.76.
July 21, 2023 | 2:51 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
World Acceptance Corporation reported better than expected Q1 results, with revenues and EPS beating consensus. However, revenues were down YoY and borrowing decreased due to tighter underwriting standards. Shares are up 5.86%.
World Acceptance Corporation reported better than expected Q1 results, which is a positive signal for investors and likely contributed to the increase in share price. However, the decrease in revenues YoY and borrowing could be a concern for future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100