NASDAQ$WRLD

World Acceptance Corporation · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported a net loss due to an accrual for potential losses related to the investigation into its former Mexican business and an increase in provision for losses.

World Acceptance Corporation reported a net loss of $5.8 million for the third quarter of fiscal year 2020, compared to a net income of $6.3 million for the same quarter of the prior year. The results were significantly impacted by an accrual of $8 million for potential losses related to the investigation into the company's former Mexican business. Total revenues for the quarter increased to $147.1 million, a 6.9% increase from the $137.6 million reported for the same quarter of the prior year.

  • Net income decreased to a $5.8 million loss, impacted by an $8 million accrual for potential losses related to the investigation into the former Mexican business.
  • Total revenues increased by 6.9% to $147.1 million compared to the same quarter of the prior year.
  • Gross loans outstanding in the US increased by 9.0% to $1.37 billion as of December 31, 2019.
  • The company had 1,240 branches open as of December 31, 2019.

Headline financials

Total Revenue

$147M

Previous: $138M+6.9%
EPS (adj)

$0.29

Previous: $0.52-44.2%
Accounts 61+ Days Past Due (Recency)

7.0%

Previous: 6.0%+16.7%
Allowance for Credit Losses / Net Loans

11.2%

Previous: 9.9%+13.1%
Net Charge-offs as % of Avg Net Loans

18.1%

Previous: 17.0%+6.5%
G&A Expenses as % of Revenues

61.3%

Previous: 55.9%+9.7%
Debt to Equity Ratio

1.5

Previous: 0.5+200.0%
Branches Open (Period End)

1.2K

No prior period
Customer Base Increase

7.2%

No prior period
Capital Expenditures

-$8.04M

Previous: -$6.97M-15.2%
Free Cash Flow

$163M

Previous: $157M+3.4%
Net Income

-$5.82M

Previous: $6.26M-193.0%
Operating Income

-$5.39M

Previous: $7.09M-176.0%
Gross Profit

$147M

Previous: $138M+6.9%
Cash & Equivalents

$12M

Previous: $11.1M+8.1%
Total Assets

$1.14B

Previous: $928M+23.2%
Stock-Based Comp

$6.33M

Previous: $6.93M-8.6%

Revenue & EPS history

World Acceptance · Revenue · Quarterly

$147M

Q3 2020+6.9%vs Q3 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

World Acceptance · $117M total across 1 segment · Q2 2024

  • Interest and Fee Income
    $117M-10.4%

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 Q3 2020

Historical avgQ3 2020

-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%

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