World Acceptance Corp (NASDAQ: WRLD) has reported earnings for its third fiscal quarter (ending December 31) of $2.84 versus $1.00 for the same period a year ago — an increase of 184%. E.P.S. were $11.61 for the latest four quarters through December 31 versus $2.33 for the same period a year ago — an increase of 398%.
Recent Price Action
On 1/19/24, World Acceptance Corp (NASDAQ: WRLD) stock enjoyed a major increase of 17.3%, closing at $142.67. Moreover, exceptionally high trading volume at 300% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 8.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, WRLD is expected to continue to be an important Value Builder.
World Acceptance has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. World Acceptance has a neutral Appreciation Score of 46 but a good Power Rating of 75, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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