World Acceptance (WRLD) Tops Q3 EPS by $1.56, Revenues Beat
World Acceptance (NASDAQ: WRLD) reported Q3 EPS of $2.25, $1.56 better than the analyst estimate of $0.69. Revenue for the quarter came in at $130.9 million versus the consensus estimate of $133.57 million.
Third quarter highlights:
- Net income of $14.5 million, a $20.8 million increase from a $6.3 million loss in same quarter prior year
- Net income per diluted share of $2.25, a $3.11 increase from an $0.87 per share loss in same quarter prior year
- Loans outstanding of $1.26 billion, a 7.9% decrease from December 31, 2019, but a 14.0% sequential increase from the end of the prior quarter
- Total revenues of $130.9 million, a 10.9% decrease from the same quarter prior year but a 5.2% sequential increase from the prior quarter
- Significant decrease in percentage of accounts 61 days or more past due on a recency basis from same quarter prior year
- Cash flow from operating activities of $217.8 million and free cash flow of $131.0 million, both over the last twelve months.
For earnings history and earnings-related data on World Acceptance (WRLD) click here.
