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Worthington (WOR) To Report Earnings Tomorrow: Here Is What To Expect

WOR Cover Image

Diversified industrial manufacturing company Worthington (NYSE: WOR) will be reporting earnings this Tuesday afternoon. Here’s what investors should know.

Worthington beat analysts’ revenue expectations by 5.6% last quarter, reporting revenues of $317.9 million, flat year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.

Is Worthington a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Worthington’s revenue to grow 16.4% year on year to $299.4 million, a reversal from the 17.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.70 per share.

Worthington Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Worthington has missed Wall Street’s revenue estimates five times over the last two years.

With Worthington being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for industrial machinery stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. Worthington is down 8.5% during the same time and is heading into earnings with an average analyst price target of $69 (compared to the current share price of $61.06).

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