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World Acceptance Corp (WRLD)
NASDAQ:WRLD
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
5.83Last Year’s EPS
6.09Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 28, 2025
|% Change Since: -1.81%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call presents a positive outlook with substantial improvements in portfolio yields, customer base growth, and approval rates, indicating effective strategic adjustments and a return to growth. However, challenges remain in managing the large loan portfolio and limitations in refinance rates.Company Guidance
During the third quarter of fiscal year 2025, World Acceptance Corporation reported portfolio growth of 6.6%, a significant increase compared to 1.5% growth in the same period of fiscal 2024, and a 2.8% decline in fiscal 2023. The company's customer base grew by 7%, surpassing the 3% growth recorded in the prior year and aligning with pre-pandemic averages of 6.3%. Yields improved by over 200 basis points year-over-year, aided by a strategic shift toward smaller loans and a higher credit quality customer base. The loan portfolio, which had shrunk by 10% year-over-year by the end of the third quarter last year, has now stabilized, returning to its previous size with a 4% increase in customer base year-over-year. Approval rates for new customers rose by 47% compared to fiscal 2024 and by 80% compared to fiscal 2023. The company also achieved a 5.1% reduction in average balance year-over-year from December 31, 2023, and a 12.6% decrease from December 31, 2022. Despite these growth metrics, the corporation remains vigilant about potential improvements in delinquency and charge-off rates, especially concerning their large loan portfolio.Improved Portfolio Yields
Yields have improved by over 200 basis points year-over-year. The improvement is driven by better performance in both non-refinance and refinance customer segments.
Portfolio Growth and Stabilization
The loan portfolio grew by 6.6% in the third quarter compared to 1.5% in the same period of fiscal '24 and a decline of 2.8% in fiscal '23. The portfolio size has returned to pre-pandemic norms, reversing previous trends of decline.
Customer Base Expansion
The customer base increased by 4% year-over-year, reversing a previous decline of 2.2% in 2024 and 14% in fiscal '23. In the third quarter, there was a 7% growth in the customer base.
Improved Approval and Credit Quality
Approval rates for new customers increased by 47% compared to fiscal '24 and by 80% compared to fiscal '23, while maintaining low first payment default rates.
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WRLD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WRLD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 28, 2025 | $129.35 | $150.39 | +16.27% |
| Oct 25, 2024 | $116.02 | $115.30 | -0.62% |
| Jul 26, 2024 | $146.07 | $120.16 | -17.74% |
| May 02, 2024 | $138.81 | $140.40 | +1.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does World Acceptance Corp (WRLD) report earnings?
World Acceptance Corp (WRLD) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is World Acceptance Corp (WRLD) earnings time?
World Acceptance Corp (WRLD) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WRLD EPS forecast?
WRLD EPS forecast for the fiscal quarter 2025 (Q4) is 5.83.
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