NASDAQ$WRLD

World Acceptance Corporation · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

World Acceptance Corporation's Q4 2023 earnings increased, driven by focus on credit quality and conservative lending approach.

World Acceptance Corporation reported a net income of $25.6 million and diluted net income per share of $4.37 for the fourth quarter of fiscal year 2023. Total revenues decreased by 4.6% to $160.8 million compared to the same quarter of the prior year. The company continued to focus on credit quality and carefully invest in its best customers.

  • Net income increased to $25.6 million.
  • Diluted net income per share rose to $4.37.
  • Accounts 90+ days past due significantly decreased to 3.5%.
  • Total revenues decreased to $160.8 million.

Headline financials

Total Revenue

$161M

Previous: $166M-3.3%
EPS (adj)

$1.97

Previous: $2.97-33.7%
G&A Expenses as % of Revenues

42.7%

No prior period
Gross Loans Outstanding

$1.39B

No prior period
Capital Expenditures

$1.31M

Previous: $1.59M-17.6%
Free Cash Flow

$84.4M

Previous: $109M-22.5%
Net Income

$25.6M

Previous: $18.4M+39.5%
Operating Income

$34.6M

Previous: $23.2M+49.0%
Gross Profit

$121M

Previous: $112M+7.6%
Cash & Equivalents

$16.5M

Previous: $19.2M-14.2%
Total Assets

$1.12B

Previous: $1.22B-8.3%
Stock-Based Comp

$1.67M

Previous: $4.83M-65.4%

Revenue & EPS history

World Acceptance · Revenue · Quarterly

$161M

Q4 2023-3.3%vs Q4 2022
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Revenue by segment

World Acceptance · $121M total across 1 segment · Q4 2023

  • Interest and Fee Income
    $121M-6.7%

Forward guidance

World Acceptance Corporation did not provide specific forward guidance in this earnings report. The company will continue to monitor performance indicators and intends to adjust underwriting accordingly.

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 2023

Historical avgQ4 2023

-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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