Worthington Industries on track for worst day in 2 yrs, day after results

Worthington Industries

23/03/2022 15:19

** Shares of Worthington Industries  WOR.N  were down 14.0% Wed
and on track for their biggest daily percentage drop since March
2020, a day after the company reported weaker-than-expected
quarterly results
    ** Quarterly adjusted earnings reported late Tues were below
Wall St's mean expectation, while revenue beat expectations,
according to Refinitiv data  urn:newsml:reuters.com:*:nASA0355F
    ** Wall St's median 12-mo price target for Worthington
Industries is $63.00, per Refinitiv data. The stock is currently
at $53.46
    ** The current average analyst rating on the stock is a
"hold," also per Refinitiv
    ** Worthington shares are down about 2% YTD compared with a
decline of about 6% for the S&P 500  .SPX 

 (Reporting by Caroline Valetkevitch)
 ((caroline.valetkevitch@thomsonreuters.com))