World Acceptance Corp (NASDAQ: WRLD) has reported earnings for its fourth fiscal quarter (ending March 31) of $6.09 versus $4.44 for the same period a year ago — an increase of 37%. This result exceeded the consensus estimate of $4.35 by $1.74. For the latest four quarters through March 31, E.P.S. were $13.19 versus $3.69 for the same period a year ago — an increase of 257%.
Recent Price Action
On 5/2/24, World Acceptance Corp (NASDAQ: WRLD) stock increased 1.1%, closing at $140.40. Moreover, above average trading volume at 148% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 1.9% 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 (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. World Acceptance has a neutral Appreciation Score of 48 and a slightly positive Power Rating of 63, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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