I am assigning a ‘Hold’ rating to World Acceptance Corporation ( WRLD ) stock. I see it as a compelling but high-risk turnaround case at an important inflection point. The forward bull argument is in two catalysts. One isAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (othe ...

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World Acceptance (NasdaqGS:WRLD) Q2 2026 Earnings Call October 23, 2025 10:00 AM ET Company ParticipantsChad Prashad - President and CEOJohnny Calmes - CFO and Strategy OfficerConference Call ParticipantsJohn Rowan - AnalystKyle Joseph - Research AnalystOperatorGood morning and welcome to World Acceptance Corporation's second quarter 2026 earnings conference call. This call is being recorded. At this time, all participants have been placed in a listen-only mode. Before we begin, the corporation has requeste ...

World Acceptance (NasdaqGS:WRLD) Q2 2026 Earnings Call October 23, 2025 10:00 AM ET Company ParticipantsChad Prashad - President and CEOJohnny Calmes - CFO and Strategy OfficerConference Call ParticipantsJohn Rowan - AnalystKyle Joseph - Research AnalystOperatorGood morning and welcome to World Acceptance Corporation's second quarter 2026 earnings conference call. This call is being recorded. At this time, all participants have been placed in a listen-only mode. Before we begin, the corporation has requeste ...

World Acceptance (NasdaqGS:WRLD) Q2 2026 Earnings Call October 23, 2025 10:00 AM ET Speaker0Good morning and welcome to World Acceptance Corporation's second quarter 2026 earnings conference call. This call is being recorded. At this time, all participants have been placed in a listen-only mode. Before we begin, the corporation has requested that I make the following announcement. The comments made during this conference call may contain certain forward-looking statements within the meaning of Section 21E o ...

World Acceptance (NasdaqGS:WRLD) Q2 2026 Earnings Call October 23, 2025 10:00 AM ET Speaker0Good morning, and welcome to World Acceptance Corporation's Second Quarter twenty twenty six Earnings Conference Call. This call is being recorded. The comments made during this conference call may contain certain forward looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 that represent the corporation's expectations and beliefs concerning future events. Such forward looking s ...

季度业绩表现 - 公司本季度每股亏损0.38美元，远低于市场预期的每股收益1.87美元，与去年同期每股收益3.99美元相比大幅下滑 [1] - 本季度盈利意外为-120.32%，上一季度实际每股收益0.25美元，也低于预期的2.44美元，盈利意外为-89.75% [1] - 过去四个季度中，公司有两次未达到市场每股收益预期 [2] - 本季度营收为1.3447亿美元，超出市场预期6.21%，较去年同期的1.3141亿美元有所增长，过去四个季度营收均超预期 [2] 股价表现与市场比较 - 公司股价年初至今上涨约58.1%，显著跑赢同期标普500指数13.9%的涨幅 [3] - 公司股票当前的Zacks评级为3级（持有），预计近期表现将与市场同步 [6] 未来业绩预期 - 市场对下一季度的共识预期为每股收益1.25美元，营收1.3483亿美元，对本财年的共识预期为每股收益12.53美元，营收5.5659亿美元 [7] - 在本次财报发布前，公司的盈利预期修正趋势好坏参半，未来预期可能随最新财报公布而调整 [6] 行业比较与前景 - 公司所属的Zacks金融-消费贷款行业在250多个行业中排名前40%，研究表明排名前50%的行业表现优于后50%的行业，优势超过2比1 [8] - 同业公司Navient预计将于10月29日公布截至2025年9月的季度业绩，市场预期其每股收益为0.18美元，同比下降35.7%，但过去30天内该预期已被上调5.7% [9] - 市场预期Navient季度营收为1.4224亿美元，较去年同期增长1.6% [10]

收入和利润 - 第二财季总营收为1.345亿美元，同比增长2.3%；利息和费用收入增长4.4%至1.19亿美元[8] - 第二财季净亏损为190万美元，摊薄后每股亏损0.38美元，而去年同期净利润为2210万美元（每股收益3.99美元）[7] - 截至2025年9月30日的六个月总收入增长2.3%至2.669亿美元[24] [32] - 截至2025年9月30日的六个月净亏损为60万美元，较上年同期的净利润3210万美元下降3270万美元，每股稀释后亏损0.12美元[24] [32] - 营业利润占总收入比例为9.4%，同比下降19.8个百分点[36][37] - 平均资产回报率（过去12个月）为5.6%，同比下降2.2个百分点[36] - 平均股本回报率（过去12个月）为14.0%，同比下降6.1个百分点[36] 成本和费用 - 信贷损失拨备为4980万美元，同比增加310万美元[9][10] - 一般行政费用为7200万美元，同比增加2560万美元（55.3%），占营收比例从35.3%升至53.5%[18] - 人事费用增加2620万美元（120.6%），主要由于股权激励费用增加2400万美元[19] - 截至2025年9月30日的季度利息支出同比增加390万美元，增幅37.2%[21] - 一般及行政费用占总收入比例为53.5%，同比显著上升18.2个百分点[36] - 信贷损失拨备占总收入比例为37.1%，同比上升1.6个百分点[36] - 利息支出占总收入比例为10.7%，同比上升2.7个百分点[36] 贷款和信贷表现 - 截至2025年9月30日，总未偿还贷款为13.2亿美元，同比增长1.5%，环比增长4.0%（5120万美元）[3] - 净冲销额为4110万美元，同比减少80万美元；年化净冲销率占平均应收贷款净额的比例从17.6%降至17.1%[14] - 总贷款应收款为13.155亿美元，同比增长1.5%[36] - 贷款发放量（六个月）为14.813亿美元，同比增长7.0%[36][38] - 净冲销额占年均净贷款应收款年化比例为18.3%，同比上升1.3个百分点[36] - 年化净冲销额占平均净贷款的比例从2025财年上半年的17.0%升至2026财年上半年的18.3%[24] 客户和业务发展 - 新客户、老客户和再融资客户的贷款发放量同比分别增长40.4%、4.1%和1.0%[4] - 截至2025年9月30日，客户基数在12个月内增长了6.2%，而去年同期为下降0.1%[4] - 净关闭分支机构1家，期末分支机构总数为1,013家[36] 资本管理和债务 - 公司在本季度回购了6660万美元的股票，占流通股的7.4%[5] - 公司在2026财年第二季度以1.728亿美元回购并注销了剩余1.698亿美元的先前发行债券[21] - 平均未偿还债务从4.96亿美元增至5.144亿美元，增幅3.7%，但实际利率从8.7%降至8.2%，降幅4.8%[21] - 公司债务权益比率从2024年9月30日的1.2:1升至2025年9月30日的1.6:1[21] - 截至2025年9月30日，公司未偿还债务总额为5.846亿美元[21] - 2026财年第二季度，公司回购了385,867股普通股（占流通股的7.4%），总价约6660万美元[23] - 本财年前六个月累计回购股份占流通股的9.1%[23]

公司财务信息发布安排 - 公司World Acceptance Corporation将于10月23日星期四举行第二季度财报电话会议 [1] - 财报新闻稿将在电话会议开始前发布 [1] - 电话会议实况网络直播将于美国东部时间10月23日上午10点开始 [1] 投资者交流渠道 - 公司通过在线实时网络直播及重播方式提供第二季度电话会议 [1] - 实况直播可通过WRLD 2Q26 Webcast网址观看 [1] - 网络重播将在直播结束后立即提供并持续30天 [1]

GREENVILLE, S.C.--(BUSINESS WIRE)---- $WRLD--World Acceptance Corporation (NASDAQ:WRLD) will provide an online, real-time webcast and rebroadcast of its second quarter conference call to be held on Thursday, October 23. The earnings release will be issued prior to the call. The live broadcast of World Acceptance Corporation's conference call will be available online at WRLD 2Q26 Webcast on October 23 beginning at 10:00 a.m. (Eastern Time). The online replay will follow immediately and continue for 30 day. ...