World Acceptance To Gain From Lower Credit Provisions In FY24, Analyst Raises Estimates

BMO Capital Markets analyst James Fotheringham reiterated an Underperform rating on World Acceptance Corporation (NASDAQ:WRLD), raising the price target to $59 from $47.

WRLD reported its first quarter revenues of $139.32 million, down 11.8% year over year. Revenues beat the consensus of $135.81 million. EPS of $1.62 beat the consensus of $0.63.