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

Worthington Enterprises

25/06/2024 22:02

* Worthington Enterprises Inc  WOR.N  reported quarterly
adjusted
earnings of 74 cents​​ per share for the quarter ended in May,
lower than the same quarter last year, when the company reported
EPS of $2.74.  The mean expectation of four analysts for the
quarter was for earnings of 95 cents per share. Wall Street
expected results to range from 80 cents to $1.14 per share.
    * Revenue fell 74.1% to $318.80 million from a year ago;
analysts
expected $359.39 million. 
    * Worthington Enterprises Inc's reported EPS for the quarter
was a
loss of 65 cents​.
    * The company reported a quarterly loss of $31.79 million.
    * Worthington Enterprises Inc shares had fallen by 17.6%
this
quarter and lost 10.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 $62.00 
This summary was machine generated from LSEG data June 25 at
09:02 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
 May. 31 2024      0.95           0.80           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