World Acceptance (WRLD) Q1 Earnings Top Estimates

Core Viewpoint - World Acceptance (WRLD) reported quarterly earnings of $1.79 per share, exceeding the Zacks Consensus Estimate of $1.69 per share, and showing an increase from $1.62 per share a year ago [2]. Financial Performance - The company posted revenues of $129.53 million for the quarter ended June 2024, which was 8.14% below the Zacks Consensus Estimate, and a decrease from $139.32 million in the same quarter last year [3]. - Over the last four quarters, World Acceptance has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [1][3]. Stock Performance - World Acceptance shares have increased approximately 11.9% since the beginning of the year, compared to the S&P 500's gain of 13.2% [4]. - The current consensus EPS estimate for the upcoming quarter is $1.77 on revenues of $139 million, and for the current fiscal year, it is $13.69 on revenues of $580 million [6]. Industry Context - The Financial - Consumer Loans industry, to which World Acceptance belongs, is currently ranked in the top 35% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [13]. - Another company in the same industry, OneMain Holdings (OMF), is expected to report revenues of $924.14 million, reflecting a 5.9% increase from the previous year [8]. Earnings Outlook - The estimate revisions trend for World Acceptance is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [12]. - The upcoming earnings report is anticipated to provide insights into the company's future earnings expectations and management's commentary will be crucial for stock price movements [10][11].