World Acceptance Earnings: Here’s Why Investors are Buying Shares Now
World Acceptance Corp. (NASDAQ:WRLD) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3%.
World Acceptance Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 18.5% to $3.01 in the quarter versus EPS of $2.54 in the year-earlier quarter.
Revenue: Rose 8.68% to $161.84 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: World Acceptance Corp. reported adjusted EPS income of $3.01 per share. By that measure, the company missed the mean analyst estimate of $3.06. It beat the average revenue estimate of $160.53 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…