Worthington Enterprises Inc reports results for the quarter ended in February - Earnings Summary

Worthington Enterprises

20/03/2024 21:44

* Worthington Enterprises Inc  WOR.N  reported quarterly
adjusted
earnings of 80 cents​​ per share for the quarter ended in
February, lower than the same quarter last year, when the
company reported EPS of $1.04.  The mean expectation of
four analysts for the quarter was for earnings of 75 cents per
share. Wall Street expected results to range from 58 cents to 92
cents per share.
    * Revenue fell 71.3% to $316.76 million from a year ago;
analysts
expected $326.97 million. 
    * Worthington Enterprises Inc's reported EPS for the quarter
was
44 cents​.
    * The company reported quarterly net income of $22 million.
    * Worthington Enterprises Inc shares had risen by 9.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the iron & steel
peer
group is also "hold"

Wall Street's median 12-month price target for Worthington
Enterprises Inc is $53.00 
This summary was machine generated from LSEG data March 20 at
09:43 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Feb. 29 2024      0.75           0.80           Beat
 Nov. 30 2023      0.71           0.78           Beat
 Aug. 31 2023      2.04           2.06           Beat
 May. 31 2023      1.90           2.74           Beat