NASDAQ$WRLD

World Acceptance Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

World Acceptance Corporation's Q4 earnings increased due to decreased expenses and reduced charge-offs, despite lower revenues impacted by federal stimulus.

World Acceptance Corporation reported a significant increase in net income for the fourth quarter of fiscal year 2021, driven by reduced operating expenses and lower provision for credit losses. However, total revenues decreased due to the impact of federal stimulus on loan demand and customer behavior.

  • Net income increased by $21.6 million to $44.9 million compared to the same quarter of the prior year.
  • Net income per diluted share increased to $6.96 compared to $3.18 in the same quarter of the prior year.
  • Total revenues decreased by 10.3% to $146.3 million from $163.0 million in the same quarter of the prior year.
  • Gross loans outstanding decreased to $1.10 billion as of March 31, 2021, an 8.7% decrease from the same quarter prior year.

Headline financials

Total Revenue

$146M

Previous: $163M-10.3%
EPS (adj)

$6.96

Previous: $3.24+114.8%
Return on Average Assets (TTM)

9.1%

No prior period
Return on Average Equity (TTM)

22.8%

No prior period
Capital Expenditures

$2.7M

Previous: $3.24M-16.7%
Free Cash Flow

$65.9M

Previous: $83.6M-21.2%
Net Income

$44.9M

Previous: $23.7M+89.5%
Operating Income

$56.3M

Previous: $26.5M+112.5%
Gross Profit

$143M

Previous: $131M+9.7%
Cash & Equivalents

$15.7M

Previous: $11.6M+35.5%
Total Assets

$954M

Previous: $1.03B-7.4%
Stock-Based Comp

$4.77M

Previous: $6.02M-20.7%

Revenue & EPS history

World Acceptance · Revenue · Quarterly

$146M

Q4 2021-10.3%vs Q4 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

World Acceptance · $146M total across 2 segments · Q4 2021

  • Interest and Fee Income
    $117M-9.0%
  • Insurance and Other Income, Net
    $28.8M-15.2%

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 Q4 2021

Historical avgQ4 2021

-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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