NASDAQ$WRLD

World Acceptance Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Second quarter results for fiscal year 2022 were reported, marked by increased revenues and loan growth but a slight decrease in net income.

World Acceptance Corporation reported an increase in total revenues and gross loans outstanding, driven by increased borrowing from new, current, and former customers. However, net income and net income per diluted share decreased compared to the same quarter of the prior year, primarily due to an increase in the provision for credit losses.

  • Gross loans outstanding increased by 25.7% year-over-year, reaching $1.39 billion.
  • Total revenues increased by 10.8% year-over-year to $137.8 million.
  • Net income decreased to $12.4 million, compared to $13.4 million in the same quarter of the prior year.
  • Net income per diluted share decreased to $1.94, compared to $1.96 per share in the same quarter of the prior year.

Headline financials

Total Revenue

$138M

Previous: $124M+10.8%
EPS (adj)

$1.94

Previous: $1.96-1.0%
Branches Open (Period End)

1.2K

Previous: 1.2K-2.4%
Capital Expenditures

-$3.38M

Previous: -$4.76M+28.9%
Free Cash Flow

$107M

Previous: $75.2M+42.7%
Net Income

$12.4M

Previous: $13.4M-7.2%
Operating Income

$12.6M

Previous: $17.2M-26.8%
Gross Profit

$95.8M

Previous: $124M-23.0%
Cash & Equivalents

$16.9M

Previous: $14M+20.7%
Total Assets

$1.14B

Previous: $932M+22.3%
Stock-Based Comp

$4.27M

Previous: $5.03M-15.2%

Revenue & EPS history

World Acceptance · Revenue · Quarterly

$138M

Q2 2022+10.8%vs Q2 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

World Acceptance · $138M total across 2 segments · Q2 2022

  • Interest and Fee Income
    $118M+8.5%
  • Insurance and Other Income, Net
    $19.7M+26.7%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-1.6%

Avg return

Earnings day

-3.1%

Avg return

5 days after

+2.0%

Avg return

30 days after

47%

30 / 64 earnings

Positive

+29.7%

Q4 2017

Best reaction

-25.1%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+0.7%-7.9%+7.8%
Q3 2026-17.5%-15.0%-2.2%
Q2 2026-3.9%-10.5%+9.3%
Q1 2026-0.9%-5.6%-4.1%
Q4 2025+3.4%-3.1%+13.8%
Q3 2025+16.3%+9.1%+3.2%
Q2 2025+1.6%+1.6%+2.7%
Q1 2025-16.1%-16.4%-19.9%
Q4 2024+0.3%-2.3%-7.4%
Q3 2024+16.5%+15.3%+5.0%
Q2 2024-13.7%-17.6%-6.4%
Q1 2024+10.4%+8.7%-1.8%
Q4 2023+14.1%+10.8%+22.3%
Q3 2023+27.3%+18.2%+15.9%
Q2 2023-25.1%-23.4%-30.6%
Q1 2023-5.6%-4.6%+0.8%
Q4 2022-14.8%-26.9%-32.7%
Q3 2022-5.3%-16.5%-10.6%
Q2 2022-24.0%-11.0%+3.9%
Q1 2022+9.1%+13.1%+13.8%
Q4 2021+1.0%+7.2%+14.6%
Q3 2021-7.4%+37.7%+0.7%
Q2 2021-9.9%-14.7%-1.5%
Q1 2021+4.5%+6.1%+32.7%
Q4 2020+6.5%-10.1%+35.3%
Q3 2020-2.0%-9.9%-11.5%
Q2 2020-20.8%-24.8%-28.2%
Q1 2020-24.1%-21.3%-17.9%
Q4 2019+7.3%+3.3%+4.2%
Q3 2019-8.4%-5.4%+11.1%
Q2 2019+7.1%+5.4%+7.3%
Q1 2019-9.8%-10.7%+6.1%
Q4 2018+4.0%+1.9%+6.6%
Q3 2018+15.1%+20.9%+13.8%
Q2 2018-12.0%-11.7%-4.5%
Q1 2018-1.9%+2.6%-1.3%
Q4 2017+29.7%+24.4%+30.6%
Q3 2017-19.6%-18.8%-10.9%
Q2 2017-3.1%+0.6%+24.3%
Q1 2017-21.0%-22.7%-15.4%
Q4 2016-4.3%
Q3 2016-23.3%
Q2 2016+2.4%
Q4 2015+13.6%
Q3 2015-4.4%
Q2 2015-1.8%
Q1 2015+5.1%
Q4 2012+0.5%
Q4 2014-9.8%
Q3 2014+9.6%
Q2 2014-5.0%
Q1 2014-2.5%
Q4 2013-0.6%
Q3 2013+1.0%
Q2 2013-3.0%
Q1 2013+2.8%
Q4 2010-1.2%
Q3 2011+2.6%
Q3 2012+2.6%
Q2 2011-1.1%
Q2 2012-1.1%
Q4 2011+2.7%
Q1 2011+2.7%
Q1 2012+2.7%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro