Overview
* World Acceptance Corp fiscal Q2 2026 revenue beats analyst expectations, growing 2.3% yr/yr
* Company reports net loss of $0.38 per share due to bond redemption expenses
* Company repurchased 7.4% of outstanding shares, totaling $66.6 mln
Outlook
* Company expects improved results in fiscal 2027 and beyond due to strategic investments
* Company anticipates continued improvement in portfolio gross and net yield
Result Drivers
* LOAN GROWTH - Co reports 1.5% year-over-year growth in outstanding loans, first growth since September 2022
* INCREASED CUSTOMER BASE - Customer base grew by 6.2% over the past year, supporting loan growth
* INTEREST AND FEE INCOME - Interest, fee and insurance income increased by $4.6 mln, or 3.6%, with a 136 basis point yield increase
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q2 Beat $134.50 $127.85
Revenue mln mln (2
Analysts
)
Analyst Coverage
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
* The average consensus recommendation for the consumer lending peer group is "buy."
* Wall Street's median 12-month price target for World Acceptance Corp ( WRLD ) is $157.50, about 14% below its October 21 closing price of $179.60
* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release:
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)