World Acceptance Corp (NASDAQ: WRLD) has reported E.P.S. of $1.79 for its first fiscal quarter (ending June 30) versus $1.65 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $13.65 versus $6.82 for the same period a year ago.
Recent Price Action
World Acceptance Corp (NASDAQ: WRLD) stock suffered a major decline of -17.7% on 7/26/24. The shares closed at $120.16. Moreover, this decline was accompanied by exceptionally high trading volume at 268% of normal. The stock has performed in line with the market over the last nine months and has declined -14.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed 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 consistent signals. World Acceptance has a neutral Power Rating of 54 and a slightly positive Appreciation Score of 64, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information and highly negative 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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