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

Worthington Steel

26/06/2024 22:52

* Worthington Steel Inc  WS.N  reported quarterly adjusted
earnings of $1.06​​ per share for the quarter ended in May.  The
mean expectation of two analysts for the quarter was
for earnings of 84 cents per share. 
    * Revenue was $911.00 million​; analysts expected $849.40
million. 
    * Worthington Steel Inc's reported EPS for the quarter was
$1.06​.
    * The company reported quarterly net income of $53.2
million.
    * Worthington Steel Inc shares had fallen by 14.4% this
quarter and gained 9.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 17.5%
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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the iron & steel
peer
group is  "hold."

Wall Street's median 12-month price target for Worthington Steel
Inc is $40.00 
This summary was machine generated from LSEG data June 26 at
09:51 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      0.84           1.06           Beat
 Feb. 29 2024      0.84           0.99           Beat
 Nov. 30 2023      0.15           0.11           Missed